SPURring growth: Driving innovation and unlocking opportunities in the Indian food processing sector
Deloitte-FICCI report
The report explores key themes that are shaping India's food processing and agriculture sectors, with insights into policy reforms. It provides a comprehensive analysis and a strategic perspective on trends likely to shape the sector’s future trajectory, including technological advancements, evolving market dynamics and a growing focus on sustainable development.
Read the press release here
India’s food processing sector
The food processing sector is vital to India’s economy, contributing ~7.7 percent to the total manufacturing GVA. It plays a significant role in the country’s employment landscape, directly and indirectly generating ~7 million jobs.
Forces shaping the Indian food processing market
Future outlook
While India’s food processing sector grows rapidly, there is considerable potential for even faster expansion by aligning more closely with changing consumer trends, exploring rural market opportunities and transitioning towards value-added agricultural exports.
A few suggestive recommendations to help drive the next growth phase in the food processing sector are:
