The Brief Description of Food Industry in India

 Hello Everyone,

This will be our first blog on this food industry. Before starting our blog first we will be telling about a company.

Oneiric Foods and Beverages Pvt. Ltd. is the leading coffee shop which deals with Handmade coffee, Tea and some snacks like Burgers, Sandwiches, and so on.

So, Today We will be discussing about our food industry in India. We will be Discussing about details, reason of the growth of food industry, Major companies for food industry India and so on.

So, any further details let's get started:-

About Food Industry:-

To mention a few, the food business in India includes fisheries, plantations, fruits and vegetables, and confectionary. India's food sector has expanded in recent years, and its share of world sugar output in 2022 is estimated to reach 15%, with over 32 million tonnes.

Details about the Indian food industry: 

India is the world's second largest food producer, and it has the potential to become the world's largest food producer. Milk and milk products, plantations, alcoholic drinks, vegetables and fruits, fisheries, poultry and meat, grain processing, chocolates and confectionery are all part of India's food industry.

In 1998, India's food industry shipped items valued around US$ 5.8 billion, while global food exports were US$ 438 billion. This demonstrates that, despite being one of the world's largest food producers, India accounted for just 1.5% of worldwide food commerce in 1998.

The government is attempting to encourage increased investment in the food processing industry through the Ministry of Food Processing Industries (MoFPI). It has approved joint venture (JV) applications, overseas partnerships, industrial licences, and units that are 100% export focused. The Indian food processing sector accounts for 32% of the total food market in the nation. It accounts for around 8.80 and 8.39% of GVA in Manufacturing and Agriculture, respectively, and accounts for 13% of India's exports and 6% of aggregate industrial investment.

Reasons for the Food Industry's Growth

• The food business in India has benefited from increased urbanisation.
• The majority of women in the nation work because their families have extra money that they spend on food.
• As the country's level of life has grown, there has been an increase in demand for food.
• Supermarkets and shopping complexes have sprouted up across the country, making grocery shopping a delightful experience.
• As the organised food sector has great potential and a promising future, online food delivery firms such as FoodPanda, Zomato, TinyOwl, and Swiggy expand growth through partnerships. The online meal delivery market grew 150% year on year in 2016, with an estimated Gross Merchandise Value (GMV) of US$ 300 million.
• In a relaxed setting, customers may choose, inspect, and pick up their favourite foods. This, too, has contributed to an increase in the sale of food goods in the country.

Food-related major corporations:-

When it comes to packaging, canning, and thermal processing, companies in the food sector are today well prepared with updated food processing skills, equipment, and current technology.

• Nestle India Pvt. Ltd.
• Kelloggs
•  Britannia India
• Kissan Cadbury India Ltd. is an Indian confectionery company.
• MTR Foods Inc.
• Hindustan Unilever Ltd.
•  Kohinoor Foods Ltd.
• Parle Agro 
• ITC-Agro 
• Godrej Foods
• LT Foods 
• Coca-Cola Ltd
• Soya Amul Ruchi

Zones for agriculture experts

• Punjab
• Gujarat
• West Bengal
• Uttaranchal 
• Assam
• Karnataka

Conclusion:-

• It accounts for around 18% of India's manufacturing output and 5% of overall industrial investment.
• Food accounts for over 52% of the Indian household budget, and the proportion of processed food entering the market is likely to grow fast.
• The consumer food category is the most important in terms of foreign investment and the number of joint ventures/foreign collaborations.
• A total of Rs. 20,870 million in foreign investment has been proposed.