*Indian food processing market size reached US$ 307.2 billion in 2022 and is expected to reach US$ 547.3 billion by 2028, exhibiting a growth rate (CAGR) of 9.5% during 2023-2028.
*In Q4 FY25, rural markets continued to outperform urban markets in the Fast-Moving Consumer Goods (FMCG) sector, with leading players such as Dabur, Marico, and AWL Agri Business (formerly Adani Wilmar) highlighting stronger rural demand, particularly in food categories.
*As per CRISIL, India's dairy industry is projected to experience a healthy revenue growth of 13-14% in FY25, driven by strong consumer demand and increased raw milk supply.
*Increased rural consumption presents an opportunity for expanding distribution networks in tier-2 and tier-3 cities.
*The quick commerce market could reach between US$ 25 billion and US$ 55 billion by 2030, driven by an increase in high-frequency, high-value users.
*P&G views India as a profitable market driving mid-single-digit growth, supported by local production and R&D. P&G's India business crossed Rs. 17,094 crore (US$ 2 billion) in sales in FY24, competing with Hindustan Unilever while maintaining market leadership in sanitary napkins and shaving razors.
*FMCG giants are gearing up to capitalise on the heating Indian pet food market, driven by the rise in pet ownership and disposable income of owners.
*The Union Budget 2025-26 provides a strong push to consumer spending, particularly benefiting the FMCG industry. The increase in disposable income, rural development focus, and MSME support create an ideal environment for growth.
*Union Budget 2023-24 has allocated US$ 976 million for PLI schemes that aims to reduce import costs, improve the cost competitiveness of domestically produced goods, increase domestic capacity, and promote exports.
*Union budget 2023-24 focuses on reviving rural demand by boosting disposable income, allocation to farms and higher fund allocation on rural infrastructure, connectivity, and mobility to create long-term jobs.
*Amul will set up the world's largest curd plant in Kolkata, West Bengal, with an investment of Rs. 600 crore (US$ 68.6 million), processing 10 lakh kilograms (KG) daily.
*Varun Beverages announced of investing Rs. 3,500 crores (US$ 421.69 million) to setup manufacturing plants, while generating 1,500 employment opportunities.
*In January 2023, ITC has announced plans to acquire 100% of Sproutlife Foods over a period of three to four years.
*Reliance Industries is focusing its FMCG strategy on India’s 600 million value-conscious consumers and aims to strengthen partnerships with local kirana stores by offering higher trade margins.
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