Make In India

Food & Allied Sectors Overview

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India’s Food & Allied Sectors are valued at $307 billion in 2023 and are expected to grow to $700 billion by 2030. This sector includes food processing, packaging, and allied industries that cater to both domestic and export markets.

Why Invest in the Food & Allied Sectors

  • Growing Market: Rising consumer demand for processed and packaged foods is expected to nearly double the market size by 2030.
  • Government Support: Initiatives such as the Pradhan Mantri Kisan Sampada Yojana and favorable FDI policies create a supportive investment environment.
  • Export Opportunities: Enhanced quality standards and global branding position India as a major food export hub.

Incentives & Schemes

  • Pradhan Mantri Kisan Sampada Yojana: Focused on establishing mega food parks, improving cold chain infrastructure, and integrating value chains to boost efficiency.
  • FDI-Friendly Policies: Attractive foreign direct investment regulations encourage modern technology adoption and expansion in food processing.
  • Subsidies & Tax Benefits: Various state and central government incentives—including low-interest loans and tax breaks—support sector modernization and growth.

Key Highlights

  • High Growth: The sector is projected to grow at an estimated CAGR of 10-12% between 2023 and 2030.
  • Employment Generation: The industry supports over 100 million jobs (direct and indirect), significantly impacting rural and urban economies.
  • Technological Advancements: Innovations in processing, packaging, and distribution are enhancing efficiency and product quality.

Food & Allied Sector Data

Category Details
Market Size (2023) $307 billion
Projected Market Size (2030) $700 billion
CAGR 10-12%
Food Processing Units Over 25,000 units
Exports Value (FY 2023) Around $60 billion
Employment Over 100 million jobs
Major Government Initiative PM Kisan Sampada Yojana
FDI Inflow Significant and growing
Infrastructure Developments Rapid expansion of food parks
Technological Adoption Advanced digital and processing tech

Latest Figures and Progress

  • Sector Growth: Valued at $307 billion in 2023, the market is on track to nearly double by 2030, reflecting robust demand and investor confidence.
  • Export Surge: Food exports have reached an estimated $60 billion in FY 2023, underlining India’s growing competitiveness in global markets.
  • Infrastructure Developments: Government-backed initiatives are rapidly expanding mega food parks and cold chain facilities, enhancing supply chain efficiency.

India’s Food & Allied Sectors offer compelling investment opportunities, driven by strong policy support, a burgeoning consumer base, and significant export potential.