Research On Global Markets
Syndicated Market Research Report
India’s food processing sector is witnessing significant growth in the wake of increased urbanization, shift in consumer preference toward branded items, organization of the retail sector, and government initiatives for developing food manufacturing infrastructure. Growing disposable income, coupled with increased discretionary spending is also driving the food processing industry in India, which is expected to expand almost 11.5% till 2023, according to a market research report. High growth segments of the market Within the food processing market in India, fruit and vegetable processing segment is deemed to be a high growth segment given India’s position as one of the largest producers of fruits and vegetables, of which only two percent are processed. The major processed items are fruit pulps, juices, Indian-style pickles, dehydrated vegetables, curried vegetables, dried fruits, and processed mushrooms. There is considerable opportunities in this segment, and major market players are moving in fast to make the most of the opportunities. Another segment that is expected to witness huge growth is the milling and baking segment. In India, almost 90% of grains produced are processed, with wheat being the most processed grain for deriving wheat flour. Milling of rice and other pulses form the remainder of the grain processing sector. However, grain processing is mostly carried out in an unorganized manner; thereby showcasing significant opportunities for the market players to conduct grain processing in an organized way. Also, thanks to India’s market leading position in dairy production, demand for dairy products is growing at a rapid pace when compared to the rate of production. With the influx of foreign dairy products like Western cheeses and yoghurts, the dairy products segment is touted to be one of the most promising sectors in the Indian processed food market. Browse our full report with Table of Contents: https://www.researchonglobalmarkets.com/food-processing-market-in-india-2018-2023.html Thanks to Indian government’s favorable initiatives, investing in the food processing sector in India has become easy, and this is attracting a number of players flocking the market to gain from the prevailing opportunities. Our related post: Major constraints faced by the Food Processing Market in India What are the key growth drivers of the Food Processing Market in India? Factors Contributing to the Growth of the Food Processing Market inIndia
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