Introduction of the India Food Processing Equipment Market Report

Food processing equipment such as depositors, mixer, refrigeration, extruding machine, slicer and dicer, among others, is used to process various food products. The Ministry of food processing, the government of India, defined the food processing industry into dairy, fruit and vegetable processing, grain processing, meat and poultry processing, fisheries and consumer goods. It plays a crucial role in industry and is of enormous significance for Indian development. Agriculture and the Indian government adopted various policies for commercializing agriculture and developing the food preservation, processing, and packaging sectors. For instance, India is the 2nd largest in food production globally in FY 19.

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Market Dynamic

Key Drivers and Emerging Trends

India’s processing equipment market is driven by the rising spending of consumers on healthy and nutritional foods, the increasing number of working women population and the growing need for food safety in India. Moreover, the growing consumption of ready-to-eat and processed food will upsurge the demand for food processing equipment in India. Rising urbanization and increasing disposable income of the population will further propel the Indian food processing equipment market. For instance, the food processing share is 8.98 percent of gross value added by manufacturing in 2018-19 at 2011-12 prices.

The government of India has taken various initiatives to promote and develop the food processing industry in India. For example, MAKE IN INDIA programme identified food processing as one of the priority sectors under this programme. To attract investment, the Ministry of the food processing industry implemented various schemes for infrastructure development, technology up-gradation, and expansion of food processing industries such as Mega food parks under pardhan mantri kisan sampada yojana. In addition, the government adopted long-term strategies for creating proper infrastructure and increasing the processing capacity, such as providing financial support and fiscal incentives of common supply chain infrastructure to reduce the cost of investment.

FDI equity inflow to the food processing industry is increased from USD 505 Million in 2015-16 to USD 628 Million in 2018-19 in India. As per the Indian government policy, 100 percent FDI is allowed in food processing industries under the automatic route. This will create opportunities for the sector by expanding the food processing industry and increasing employment by more food processing units in India. For instance, the gross value of plant and machinery deployed in the food processing industry is expected to reach USD 51.19 Billion by 2024-25. However, major challenges faced by this sector include an inadequate link between processing and production, lack of focus on quality and safety standards and low capacity utilization.

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As per the survey of industries in 2016-17, the total number of factories registered for the food processing sector in India was 39,748, in which Andhra Pradesh reported the highest number of factories which represents 14.75 percent of the total registered factories in India.

India’s dairy market is the most prominent and fastest-growing market across the globe. India’s milk production is 176 MMT in FY 2019. Change in consumption patterns and the increase in disposable income and the growing health consciousness population will drive the dairy market in India. All these factors will support the growth of food processing equipment in India.

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Key questions answered in this research report:

• • At what pace is India Food Processing Equipment market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in India Food Processing Equipment market? What will be the impact of drivers and restraints in the future?
  • What are the various areas of India Food Processing Equipment market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

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Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Regional Coverage	India
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