INDIAN FOOD PROCESSING INDUSTRY AT A GLANCE IN 2021 - 2022
On a global scale, India is the largest country in terms of food production, processing, supply, and consumption. India’s food industry is ranked 6th in the world, with 70% of sales and 5th in production, consumption, and export. India exports 13% of its overall manufacturing output and
Food Delivery Industry
The Food Delivery Market in India is Poised to Grow by $716.5 Million during 2022 to 2026. Revenue in the Food market amounts to US$866.70bn in 2022. The market is expected to grow annually by 8.01% (CAGR 2022-2027).
In the Food market, 1.0% of total revenue will be generated through online sales by 2022. In the Food market, volume is expected to amount to 663,725.9mkg by 2027. The Food market is expected to show a volume growth of 5.7% in 2023. The average volume per person in the Food market is expected to amount to 400.38kg in 2022.
India’s food processing sector is one of the largest in the world and its output is expected to reach $535 bn by 2025-26. The processed food market in India is expected to grow to Rs. 3,451,352.5 crore (US$ 470 billion) by 2025, from Rs. 1,931,288.7 crore (US$ 263 billion) in FY20 on the back of better government initiatives.
The food processing industry employs about 1.77 million people in India. The food processing industry has a share of 12.38 per cent in the employment generated in the country engaging approximately 1.93 Million people. Unregistered food processing sector supports employment to 5.1 Mn\illion workers as per an industry report.
Food Industry DataTotal Horticulture production in 2021-22 is estimated to be 333.3 MT.
India ranks 1st in milk production and contributes 23% to global milk production growing at a CAGR of about 6.2% to reach 209.96 MT in 2020-21.
India ranks 3rd in global egg production and produced at least 122.11 bn nos. in 2020-21 with per capita availability of egg at 91 eggs per annum in 2020-21.
India is the 3rd largest fish-producing country in the world and accounts for 7.96% of the global production. The total fish production during FY 20-21 is estimated at 14.73 MMT.
Sugar exports from India stood at 8.6 MT till May of the the ongoing 2021-22 marketing year ending September.
India ranks 8th in meat production in the world. Meat production in the country has increased from 6.69 MT in 2014-15 to 8.80 MT in 2020-21.
Food ExportsThe marine products exports from India touched $7,740 mn during 2021-22. It had a 30% higher growth as compared to 2020-21. The USA, China, and Japan are the top 3 favorite destinations of Indian marine exports. Exports to these three countries contributed 63% of exports. The export of other cereals increased from 102 MT in 2019-20 to 521 MT in 2020-21.
