(Food-Beverage-News.Com, September 04, 2024 ) Indian Food and Beverages Market size was valued at USD 332 Bn in 2023 and the total Indian Food and Beverages revenue is expected to grow at a CAGR of 11.05% from 2024 to 2030, reaching nearly USD 691.47 Bn by 2030.
The Indian food and beverage market is showing rapid growth. Abundance of raw materials, higher disposable income, changing lifestyle due to rapid urbanization could be some of the key factors. India is a major producer of various agricultural products globally, which supports the markets growth. The Indian government is increasing the export potential through Agri-Export Zones, mega food parks, and cold chains. Products like breakfast cereals, pasta, and bakery items are in high demand domestically as well as internationally. Food Safety and Standards Authority of India (FSSAI) is investing in food testing infrastructure, further boosting India's potential as a significant player in the global food and beverage market.
Maximize Market Research is leading Food & Beverages research firm, has also published the following reports:
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