Lucrative Projects On Bakery, Confectionery And Food Projects Products

November 15, 2018December 26, 2018 EIRI Team

EIRI Consultants and Engineers have identified the profitable projects of food processing industry.

Food processing involves any type of value addition to agricultural or horticultural produce and the products that there follow. The grading, processing and packaging of foods all fall under this umbrella. The Food Processing Industry sector in India is a global contender in terms of production, consumption, exports and growth prospects.

The Indian food processing industry accounts for 32 per cent of the country’s total food market, one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth. It contributes around 8.80 and 8.39 per cent of Gross Value Added (GVA) in Manufacturing and Agriculture respectively, 13 per cent of India’s exports and six per cent of total industrial investment. The Indian gourmet food market is currently valued at US$ 1.3 billion and is growing at a Compound Annual Growth Rate (CAGR) of 20 per cent. India’s organic food market is expected to increase by three times by 2020.

India is the world’s second–largest producer of fruits and vegetables. India enjoys a similar stature in the production of marine products, and meat and poultry. India is the single largest producer of milk in the world, with the production estimated at 137.7 MT.

The Government of India aims to boost growth in the food processing sector by leveraging reforms such as 100 per cent Foreign Direct Investment (FDI) in marketing of food products and various incentives at central and state government level along with a strong focus on supply chain infrastructure.

For More Details and Detailed Project Reports on any of the above industry, May contact at eiri@eiriindia.org or visit us at: www.eiriindia.org Ph: +91 9811437895 Sudhir Gupta