Discuss the opportunities in the key segments of food processing sector in India.
• Introduce food processing industry as a sunrise sector
• Discuss the opportunities under key segments of food processing sector like Fisheries, fruit and vegetables, Milk, etc.
• Conclude Appropriately.
The Indian food processing industry contributes 1.49% to the total Gross Domestic Product (GDP) of the economy. It has been accorded the status of priority sector by the Government of India and is often termed as the “sunrise sector” considering its huge potential. With varied geographic and climatic profile which allows cultivation of a variety of crops, India provides many natural advantages for this industry to grow.
Opportunities in the key segments of food processing industry in India:
- Fruits and Vegetables:
- India is the world’s 2nd largest producer of fruits and vegetables.
- Presently 10% of the products in this segment are processed. It is expected that the processing will grow to 25% by 2025.
- Opportunities exist in making preserved, candied fruits and vegetables, juices, jams, jellies, soups, powders, dehydrated vegetables and ready-to-eat curries..
- India is the third largest producer of fish and second largest inland fish producer.
- It is an entirely export oriented segment thus providing a lot of scope in international market.
- Meat and Poultry:
- India is the largest producer of buffalo meat and second largest producer of goat meat. Eggs and broilers are leading the growth in this segment.
- Only 1-2% of the raw meat is converted into value added products.
- Huge opportunities exist in making egg powder, cut meats, sausages and other value added products.
- Milk & Dairy:
- India is the largest producer of milk and milk products.
- India shelters the maximum number of cows and buffaloes across the world.
- Opportunities exist in dairy processing for liquid milk, curd, flavoured yoghurt, processed cheese, cottage cheese, Swiss cheese, blue cheese, ice cream and milk-based sweets.
- Grains and Cereals:
- India is a self-sufficient country in terms of grain production. However, large amounts of grain are wasted in India, including an estimated 21 million tonnes of wheat every year.
- One of the major reasons for the wastage is that India is currently only processing 10 per cent of its food.
- There is huge potential in milling of food grains like rice, wheat and pulses.
- Consumer Foods:
- It is the fastest growing segment in India and includes packaged food (snacks, chips, bakery foods etc.), aerated soft drinks, packaged drinking water, alcoholic beverages.
- The segment is growing at approximately 6-7% annually.
Food processing industry serves as a vital link between the agriculture and manufacturing sectors of the economy and thus, to explore the opportunity available in various segments, successful implementation of government policies like SAMPADA yojana can turn out to be a boon.
Subjects : Economy