With the increasing capability of processing and storing food for long term usage, the food processing industry is booming in an effort to meet the demands to today’s fast paced life. The importance of processed food items in the consumer basket has increased globally over time. With higher income, urbanisation, demographic shifts, improved transportation and changed consumer perceptions regarding quality and safety, food consumption patterns have changed over the years. India has one of the largest working populations in the world.
With increasing disposable incomes, this segment can be regarded as the biggest consumer of processed foods in the country and it is expected to grow continuously during the next five years. India has made vast progress overtime in providing food security for its people and has become largely self-reliant in agriculture. Accordingly, the policy focus has shifted from attaining self-sufficiency to generating higher and stable income for the farming population. Recognising the immense potential of FPI in promoting inclusive growth, it has been identified as one of the key thrust areas under the ‘Make in India’ Programme.
According to the Food and Agriculture Organisation (FAO) data, items processed from crops accounted for more than half of total production of processed items in 2014 and its share increased from 52.6 per cent in 1990 to 58.4 per cent in 2014. Meat products at the second place accounted for 26.0 per cent of total processed food production, followed by milk products. Considering the growth of the market, several players have ventured into this market.
We studied this industry segment in-depth and have come up with the list of 10 Most Promising Food Processing Companies who have excelled in this field with their innovative approach. Having proven their dedication to quality and end-to-end addressal of customer requirements, these companies have stood out from the crowd.
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