Food Processing Industry: Role in Agricultural Growth

The food processing industry involves a wide range of activities related to the transformation and preparation of raw food materials into consumable and marketable food products.

India’s Food Processing Industry: Present Status

  • The Indian food processing industry has grown rapidly with an average annual growth rate of 8.3% in the past 5 years.
  • With a market size of US$ 866 billion in 2022, the food industry will play a vital role in the economy's growth.
  • The domestic food market is projected to grow by over 47% between 2022 and 2027, reaching US$ 1,274 billion.
  • In 2023, the food market will ....
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Indian Economy