India a big trade mart for the food industry
The Indian food industry is hailed as the sunshine industry of India. The current market size of Indian food market is around US$ 182 billion, and as per latest reports, the Indian food industry comprises nearly two thirds of the total Indian retail market.
Growing economy, surplus food, shift in consumer consumption pattern, have put the Indian food industry on the fast track.
According to consultancy firm McKinsey & Co, the retail food sector in India in 2008 was worth US$ 70 billion, which will reportedly scale up to around US$ 150 billion by 2025. The world food industry would grow to US$400 billion from US$ 175 billion. This means, India’s food industry will form a major part of the world food industry.
RNCOS, an industry research firm, sometime back had released a new market research report titled “Indian Food, Beverages