| | AUGUST 20218THE CHANGING FACE OF PROCESSED FOOD INDUSTRY IN INDIA By Kamil Qureshi, Director, HMA Agro IndustriesT he Indian food industry is a collective of businesses that supply food energy consumed by the world population. The Indian grocery and food market is the world's sixth-largest, with retail contributing 70 percent of the sales. India's food sector has emerged as a high-profit and high-growth sector due to its potential for value and particularly within the food processing industry. In today's time, India's culinary tradition has been evolving constantly and with urbanization, a proliferation of fast food outlets, more working women, and rising incomes, the acceptance of ready-to-eat or processed food is increasing especially amongst the urban middle class. For about 32 percent of the country's total food market, our Indian food processing industry has accounted, one of the largest industries in India and is ranked fifth in terms of production, consumption, export, and expected growth.The demand for processed or packaged or ready-to-eat items has increased. The Indian gourmet food market is currently valued at US$ 1.3 billion and is growing at a Compound VANTAGE POINT
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