The epicenter of global food trade since the ancient times,India is now a dominant global player in the modern food trade. India has the pride of being the “Land of Origin” of an assortment of food crops & processed products that have a significant impact on the global demand and supply.
India is the top global producer of meat, milk, castor seeds , sesame , mango, banana, chickpeas and is among the top producers globally for rice, wheat, sugarcane, tea, spices, onion, potatoes, & many others. With the new agri-export policy, the Indian F&B export is expected to grow from USD 32 Billion to USD 70 billion by 2020.
The Indian food processing sector is currently valued at USD 258 billion and constitutes 14% of GDP through manufacturing. Food processing accounts for 32% of the country's total value of food & beverage industry. The Indian food retail market is the 6th largest grocery market in the world, expected to reach USD 895 billion by 2020.
India has a fledgling ecosystem for agricultural products and the food processing industry. Food processing sector is the 13th largest sector receiving FDI in the country. Private equity is also eyeing F&B players, marking a phase of innovation and growth in the coming years.