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. A Strong Supply Demand, Supply side advantages such as abundance in availability of raw material and manpower. Export opportunities and Proactive government policies opens to door of India as a lucrative destination for the food processing industry.

While India’s food and beverages market recorded a growth at a CAGR of 6.92% between 2017 -22, it is forecasted that this growth will see an increase to 9.94% from 2022-27.

According to MoFPI, As per an industrial estimate in the calendar year 2022, Asia Pacific emerged as the dominant region in global food & beverages market accounting to about 41.5% share of the global market and India’ food & beverages market stood as the third largest followed by China and Japan.

According to MoFPI, As per an industrial estimate in the calendar year 2022, Asia Pacific emerged as the dominant region in global food & beverages market accounting to about 41.5% share of the global market and India’ food & beverages market stood as the third largest followed by China and Japan.

The schemes like “PM Formalization of Micro food processing Enterprises (PMFME) Scheme.” with a budget allocation of INR 10,000 Crore aims to directly assist two lakh micro food processing units by providing credit-linked subsidies.

Some of the major decisions taken by the government of India to boost the sector include

• Sanctioning 37 food parks across the country under the Mega Food Parks Scheme
• Sanctioning 37 food parks across the country under the Mega Food Parks Scheme
• • 100% FDI allowed through government approval route for trading, including through e- commerce in respect of food products manufactured in India