Food-Processing : MCABD

As one of the largest segments in the food processing sector in India, the bakery industry offers huge opportunities for growth, innovation, and job generation.
Separated into three categories, bread, biscuits, and cakes and pastries, the bakery industry reached a market value of USD 7.22 billion in 2020.
As the second largest producer of biscuits after the USA, India is a key player internationally, and with the entrepreneurial spirit of Indian companies and individuals it is one of the most exciting regions for the bakery sector.

India has the world's largest population of livestock.
India produces around 5.3 million MT of Meat and 75 bn eggs annually.
India is the largest producer of buffalo meat and 2nd largest producer of goat meat.
The current processing levels in poultry are 6%, while for meat it stands at 21%.
Poultry is a highly vertically integrated industry in India and matches the efficiency levels of many western countries.
Government of India has taken steps for modernization of municipal abattoirs to provide safe and hygienic meat to consumers.

The market for namkeen and snacks in India is about INR 1 lakh crore.
Being a most vibrant sector, it has been witnessing unprecedented growth in the recent past and continues to expand rapidly.
Indian traditional snacks market has shown tremendous growth in the past couple of years.
The market is forecasted to grow with a CAGR of more than 7% in near future.
Indian consumers seem to have recovered their taste for traditional snacks such as farsan, bhujia and Namkeen.
Increasing consumer's awareness towards healthy and packaged traditional snacks has created a huge demand for Namkeen in past couple of years.
With higher purchasing power resulted due to the high economic development of India has resulted in changing the preference of Indian consumers.
The consumers are observed to be shifting from loose packaging Namkeen to standard, local and regional, national brands.

As the major producer of Jaggery, the country has recognized as one of the leading traders and exporters of Jaggery to the world.
India exported 3,13,826.00 MT of jaggery and confectionery products to the world for the worth of Rs. 1,606.08 crores/ 230.03 USD Millions.
The Muzaffarnagar District in Uttar Pradesh has the largest jaggery market in the world, followed by Anakapalli in the Visakhapatnam District in Andhra Pradesh.
The Kolhapur District in western Maharashtra is famous for its jaggery, which is yellow and much sought-after in Maharashtra and Gujarat.

According to the World Instant Noodles Association, India is the fourth-largest instant noodles market, globally, and accounted for 5.4 Bn servings recently.
Consistent growth, and an ever-growing consumer acceptance have made this market a lucrative option for various players.
The instant noodles market in India was valued at INR 93.66 Bn in 2017, and is expected to expand at a compound annual growth rate (CAGR) of ~5.6% during 2018-2023.

Pickles & chutney is the traditional specialties product of India and has gained an important position in the Indian cuisine.
They are eaten along with main course and provide tempting tastes.
Pickles are prepared from Fruits and Vegetables and they supplement the food with vitamins and minerals.
There are many types of pickles available in India like Chilly Pickles, Green Pickles, Lemon Chutney, Mango chutney, Gherkins, Mango Pickles, Onion Prpd/Prsvd and Tomato chutney etc.
The major market for Indian Pickles & chutney are Russia, U.S.A, Belgium, Netherlands and France.

The Indian Dairy market is expected to reach a value of INR 25,491 Billion by 2025, exhibiting a CAGR of around 16% during 2020-2025.
The focus is being given to value-added products such as cheese, yogurt, probiotic drinks, etc.
Indian dairy market is amongst the largest and fastest growing market in the world.
Of the total milk processed in the country, 65% to 70% is sold as liquid milk. The rest is processed into dairy products like cheese, butter, ghee, ice cream, curd etc.

The overall spices and seasonings market is expected to grow from USD 11.02 billion in 2014 to USD 14.08 billion by 2020, at a CAGR of 5.2% from 2015 to 2020.
Factors such as the increasing demand for packaged or convenience food products and meat & poultry products, owing to changing consumer lifestyle are expected to increase the demand for spices and seasonings globally.
The demand for spices and seasonings is anticipated to increase in the Asia-Pacific region owing to factors such as rising disposable income, rapidly growing fast food industry, and urbanization in countries such as China, India, and Japan.
The rising consumer awareness about the medicinal benefits associated with the consumption of spices is also expected to increase the demand for spices and seasonings globally.

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