History OF Food Processing Industry, Food Processing Industry In India, Segments Of FPI, Market Size, Compound Annual Growth Rate, Leading Companies, Challenges Faced By The Industry, Future of the industry.
2. History
• Started when crude processing incorporated fermenting, sun drying, preserving
with salt, and various types of cooking-steaming, roasting, etc.
• Salt-preservation was especially before the introduction of canning methods.
• Modern food processing technology developed in the 19th and 20th centuries
• Initially expensive and somewhat hazardous due to the lead used in cans.
• Pasteurization improved the quality of preserved foods and introduced the wine,
beer, and milk preservation.
3. Cont…
• During world war 2, industry grew with advances as spray dying, evaporation,
juice concentrates, freeze drying and the introduction of artificial sweeteners,
colouring agents, and chemical. Preservatives
• Food processing companies marketed their products especially towards middle-
class working wives and mothers.
• . Frozen foods found their success in sales of juice concentrates and "TV dinners".
4. Food Processing Industry In India
• Easy availability of raw materials, changing lifestyles and favourable fiscal policies has
given a considerable push to the industry’s growth.
• FPI serves as a vital link between the agriculture and manufacturing sectors of the
economy.
• Strengthening this link is critical, increasing shelf-life as well as by fortifying the
nutritive value of the food products.
• India has a competitive edge over other countries due to the wide variety of crops.
5. Cont…
• adequate government focus on the infrastructural support, research and development and
technological innovation in this sector
• The Government of India has been instrumental in the growth and development of the food
processing industry.
• The government through the Ministry of Food Processing Industries (MoFPI) is making all
efforts to encourage investments in the business.
• It has approved proposals for joint ventures (JV), foreign collaborations, industrial licenses
and 100 per cent export oriented units.
6. Segments Of FPI
1) Fruits and vegetables
1) Meat and poultry
3) Milk
4) Marine Products
5) Grain processing
6) Consumer Food
7. Market Size
• Indian food and grocery market is the world’s 6th largest
• One of the largest industries in India
• It accounts for 32% of the country’s total food market
• Good financial growth is expected
• The online food ordering business in India is in its beginning stage, yet witnessing
exponential growth
• With online food delivery players, the organised food business has a huge potential and a
promising future.
11. Challenges Faced By The Industry
• Supply side bottlenecks
• Infrastructure bottlenecks
• Deficiencies in the regulatory environment
• Lack of holistic approach
12. Future of the industry
• India is a country with interesting food culture, so this feature opens doors for the
industry.
• Worldwide production of food products is also continuously increasing:
Globalization has given us new opportunities.
• Major Opportunities in the industry are:
Untapped market with strong growth potential
Potential global outsourcing hub
Supply chain infrastructure and contact farming
13. Conclusion
• Industry has seen significant growth and changes
• Demand of food is never ending
• Increasing demand in value added product can be a boon for the industry
• MNC’s such as Nestle, Kissan, McCain etc have been successful by leveraging the
India-advantage
• Hence the industry has a dazzling future