The food and beverages sector is one of the most important pillars of India’s economy. The industry comprises a wide range of sub-sectors such as agriculture, horticulture, animal husbandry, fisheries, processed food, beverages, tobacco etc. The sector has shown significant growth in recent years and is expected to continue growing at a healthy pace in the coming years.

This sector is one of the largest employers in the country, employing millions of people. Presently, the food and beverages sector accounts for 3% of India’s GDP and is estimated to be 75% of India’s retail industry. This sector is expected to grow at a 14.2% CAGR from 2022 to 2024 to become a USD 1.25 Billion industry by 2024. The rise in local brands and global investments will fuel the growth of this sector.

The food and beverages sector is governed by many laws and regulations, including the Food Safety and Standards Act, 2006, the Prevention of Food Adulteration Act, 1954, the Essential Commodities Act, 1955 etc. This helps in standardizing the manufacturing and processing setups. Food safety is given the utmost importance, and hence there is no compromise allowed in using the best quality machines.

The food and beverages sector in India has immense growth potential. The industry is expected to benefit from the growing population and rising income levels. Additionally, the government’s initiatives such as Make in India and Digital India are also likely to boost the sector’s growth. Furthermore, a new wave of healthy food consumption, especially in urban cities, creates a separate market space for related brands. Going forward, India will be leapfrogging ahead in this sector as the demand keeps pulling the supply and more manufacturing units are set up.