17 New Mega Food Parks Sanctioned………………….
Total 42 Mega Food Parks have been sanctioned by GOI……
Total food production in India is likely to double in the next 10 years….
Food Preservatives Market is expected to reach USD 2,560 million by 2020…………….
Global Food Retail market expected to reach an estimated value of USD 8,541.9 billion in 2020………
Global Frozen Food Market Value Will Reach $156.4B By 2020…….
Food &Dairy Processing Equipments markets is expected to grow in double digit …………………….
Accounting for about 32 per cent of the country's total food market, the food processing industry is one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth. The total food production in India is likely to double in the next 10 years with the country's domestic food market estimated to reach US$ 258 billion by 2015.
The food processing industry forms an important segment of the Indian economy in terms of contribution to GDP, employment and investment, and is a major driver in the country's growth in the near future. This industry contributes as much as 9-10 per cent of GDP in agriculture and manufacturing sector
The Indian food industry stood around Rs 247,680 crore (US$ 39.03 billion) in 2013 and is expected to grow at a rate of 11 per cent to touch Rs 408,040 crore (US$ 64.31 billion) by 2018.
Indian agricultural and processed food exports during April-May 2014 stood at US$ 3,813.63 million, according to data released by the Agricultural and Processed Food Products Export Development Authority (APEDA).
The Indian dairy industry has grown considerably post the white revolution and reports suggest that with current growth rate of approximately 3 per cent-4 per cent, it is thought to grow to 185 million tone and become a US$ 24 billion organised industry by 2020 and US$ 140 billion overall including the unorganised sector.
With this background, ASSOCHAM organizing 7th International Summit in concurrent with Food Trade Expo for increasing visibility of Indian processed food, Agro & Dairy market targeting international marketplace and prepare for investments.