DUBLIN, Ireland--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/research/bbfc3d/indian_food_proces)
has announced the addition of the "Indian Food Processing Industry
2008" report to their offering.
The 'Indian Food Processing Industry' report covers an overview of
the global food processing industry along with the position of the
Indian food processing industry in the global scenario. The report
lays out the dynamics of the industry, market segments, the size and
growth along with the challenges and opportunities. This will
facilitate the client in understanding the potential opportunities of
the growing Indian food processing industry.
About the Industry:
During the period 2006-07, the Indian food processing industry
witnessed growth from 7% to 13.1%. As a result it is hailed as the
'sunshine industry' in India. The food processing industry has emerged
as one of the major drivers of economic growth and is expected to
continue in future. Growing economy, surplus food and a shift in the
consumption pattern, from cereals to more varied and nutritious diet
of fruit and vegetables, milk, fish, meat and poultry products, has
been the key factors behind the growth of the sector. At present, the
industry is seeking for investments to create necessary
infrastructure, state-of-the-art-technology and expand production
facilities to match the international quality and standards.
Additionally, Indian Government's proactive measures like de-licensing
of the sector, several duty and tax relief, financial assistance for
infrastructure building and setting up of food processing units is
expected to benefit the sector.
Research Methodology Used:
-Information Sources
The information has been gathered from authentic and reliable
sources like Government Agencies, Trade associations, Trade journals,
Industry portals Newspapers, White papers and Books. The data is also
sourced from paid databases.
-Analysis Method
The methods of Historical Trend Analysis, Ratio Analysis, and
Cause and Effect Analysis have been used.
Prospective Target Audience:
-Players from the PE/VC industry
-Consulting firms (looking for aggregated information that
validates their own findings)
-In-house strategy teams of companies that operate in the
individual industry sectors or that seek to enter these sectors.
Scope of the report:
-The report covers an overview of the global food processing
industry along with the position of the Indian food processing
industry in the global scenario.
-The report will focus on the dynamics of the industry, the market
segments, the growth of the sectors in India and what are the
challenges and opportunities that the industry is facing. On the
competitive landscape, the report lays out the major food processing
companies that functions within the Indian industry and the strategies
these companies are following to capture the major chunk of the market
share.
-The concluding part of the report covers the drivers of the
industry and the future prospects of the food processing industry in
India.
Green revolution has transformed India from a land of shortage to
a land of surplus. India is presently the world's second largest
producer of food, and has the potential of being the biggest with
developing food and agricultural sector. Growing economy, surplus food
and changing lifestyle has shifted the consumption pattern, from
cereals to more varied and nutritious diet of fruit and vegetables,
milk, fish, meat and poultry products. This gradual progression has
given rise to the food processing industry in India. The food
processing sector in the country with its vast potential has emerged
as one of the major drivers of economic growth and is often hailed as
a sunrise industry.
Interestingly, the fact is while the country's GDP growth rate had
increased from 3.5% in 2002-03 to 9% in 2006-07; the food processing
sector has grown from 7% to 13.1% during the same period. However,
market experts are of the opinion that in future, the food products is
going to contribute majorly towards India's GDP growth.
India's food processing sector primarily covers fruit and
vegetables; meat and poultry; dairy products, alcoholic beverages,
fisheries, plantation, grain processing and other consumer product
groups like confectionery, chocolates and cocoa products, Soya-based
products, mineral water, high protein foods etc.
India presently accounts for less than 1.5% of international food
trade, which indicates that both investors and exporters are yet to
gain more from the Indian food processing industry. The industry
requires about Rs 29,000 crore in investment over the next five years
to create necessary infrastructure, state-of-the-art-technology and
expand production facilities to match the international quality and
standards. To promote the sector, the Indian government had taken
several steps such as de-licensing of the sector, several duty and tax
relief, financial assistance for infrastructure building and setting
up of food processing units.
It is expected that in future bulk investments and modern food
processing technologies are going to turn the fortune for Indian food
processing industry. The sub-sectors such as soft-drink bottling,
confectionery manufacture, fishing, aquaculture, grain-milling and
grain-based products, meat and poultry processing, alcoholic
beverages, milk processing, tomato paste, fast-food, ready-to-eat
breakfast cereals, food additives, flavours, etc. will become the
driving force behind the Indian food processing industry.
For more information visit
http://www.researchandmarkets.com/research/bbfc3d/indian_food_proces
Research and Markets
Laura Wood, Senior Manager
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716
press@researchandmarkets.com
Copyright Business Wire 2008
