Advantage India
Growing
Demand
* India's food processing sector's market size is estimated to more than double to Rs. 60,40,300 crore (US$ 700 billion) in 2030 from Rs. 26,49,103 crore (US$ 307 billion) in 2023, driven by growing demand for processed products, according to industry body PHDCCI.
* The food processing sector has grown substantially, averaging an annual growth rate of around 7.3%, during 2015-2022. The sector has contributed 10.54% of the Gross Value Added (GVA) in Manufacturing and 11.57% of GVA in Agriculture sector in 2020-21.
Competitive
Advantage
* India is the largest producer of milk and spices and one of the leading producers of fruits and vegetables, poultry, and meat.
* India has access to several natural resources that provides it with a competitive advantage in the food processing sector.
* Due to its diverse agro-climatic conditions, it has a wide-ranging and large raw material base suitable for food processing industries.
Government
support
* The Ministry of Food Processing Industries (MoFPI) has implemented schemes like Pradhan Mantri Kisan SAMPADA Yojana (PMKSY), PM Formalisation of Micro food processing Enterprises (PMFME) Scheme and Production Linked Incentive Scheme for Food Processing Industry (PLISFPI) offering financial, technical, and business aids to establish food processing enterprises.
* Food processing units qualify for complete profit exemption in the first five years and 100% FDI is permitted in the food processing sector.
Opportunities
* The growing consumption of food is expected to reach US$ 1.2 trillion by 2025-26, owing to urbanization and changing consumption patterns.
* According to the Viksit Bharat@2047 report, India's food processing sector will grow significantly, reaching US$ 1,100 billion by FY35, US$ 1,500 billion by FY40, US$ 1,900 billion by FY45, and US$ 2,150 billion by FY47.
* The food processing industry has received Rs. 85,343 crore (US$ 12.96 billion) in FDI equity inflows from April 2000-September 2024.
Indian Broiler Group
Indian Broiler (IB) Group began it’s journey in 1985 and has evolved into a diversified industry giant with a presence in the Poultry, FMCG, Solvent, Livestock feed, Specialized Pet Food and Hospitality segments. IB group headquarters are located at Rajnandgaon, Chhattisgarh. The company has focused on research and development, advanced technologies and built a competent workforce to impart excellence in its business offerings. The group has improved the lives of rural poultry farmers and underprivileged children, women, and youth, through a slew of socio-economic initiatives.
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Jubilant FoodWorks Limited
Jubilant FoodWorks Limited is India’s largest foodservice company and is part of the Jubilant Bhartia Group. Incorporated in 1995, the company holds the exclusive master franchise rights from Domino’s Pizza Inc. to develop and operate the Domino’s Pizza brand in India, Sri Lanka, Bangladesh, and Nepal. In India, it has a strong and extensive network of 1,928 Domino’s stores across 407 cities. The company also has exclusive rights to develop and operate Popeyes restaurants in India, Bangladesh, Nepal and Bhutan and Dunkin’ restaurants in India. It currently operates 32 Popeyes restaurants in 10 cities and 25 Dunkin’ restaurants across eight cities. ‘Hong’s Kitchen’ is the first owned-restaurant brand of the company operating in the Chinese cuisine segment which now has 22 restaurants across four cities. The consolidated net profit of the company reached Rs. 43.2 crore (US$ 5 million) in Q3 FY25.
Read MoreBritannia
Britannia is one of the leading food companies in India with a legacy of more than 100 years. Today, it is among the most trusted food brands in India. Its portfolio includes biscuits, bread, cakes, rusk, and dairy products including cheese, beverages, milk, and yoghurt. It is the largest brand in the organised bread market. The company has a reach across five million retail outlets and 50% of the Indian households through its range of products. The consolidated net profit of the company reached Rs. 582 crore (US$ 67.40 million) in Q3 FY25.
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