Food Industry

Food Industry is one of the highest profit-incurring sectors in India. The Indian food and grocery market is considered one of the largest in the world.
A young population demographics with disposable incomes and increasing emphasis on leisure activities have lead to dramatic growth in the food sector. Also, increasing e-retailing of food online and through mobile applications has also driven growth. These factors, along with attractive monetary incentives and favourable economic policies, offer huge investment opportunities are by India’s food ecosystem. In order to boost investments in the industry of food processing, the Government of India is taking all the required initiatives, through the Ministry of Food Processing Industries (MoFPI). Under the Scheme of Mega Food Park, the government has sanctioned 42 Mega Food Parks (MFPs) for being set up in the entire country. Presently, there are 12 Mega Food Parks in different regions of the country. India is expected to be the 5th largest food consumer by 2030.
The Food Industry has the Food Processing & Preservation sub-sector under it. This segment is getting recognized as a high-priority area in India. The Indian food processing industry accounts for a major chunk of the total food market. The shift in consumer preferences towards processed food is a major reason for this trend and has created numerous employment opportunities in this segment.