India's food market: $600 bn estimate; 7% CAGR -- from primary producer to high-value global processing powerhouse
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓India’s food market is worth $600 billion and grows at a 7% rate.
- ✓Experts said India is moving from a primary producer to a global processing powerhouse.
- ✓The government wants to double exports beyond the $53 billion benchmark.
Story at a Glance
- Category
- MARKET
- Reported By
- mint
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- 3 Minute(s)
- Market Focus
- India Economy
Experts said India was moving from a primary producer to a high-value global processing powerhouse to double agri-food exports beyond the current US$53 billion benchmark through value addition and market access unlocked by the India-EU Free Trade Agreement.
India's food market is estimated to be worth between $550 billion and $600 billion and is growing at an annual rate of 6-7 per cent, Devesh Deval, Joint Secretary at the Ministry of Food Processing Industries, reportedly said on Friday.
Speaking at the three-day inaugural function of Anuga Select India and Anuga FoodTec India 2026 organised by Koelnmesse, Deval said, according to PTI on Tuesday, that the government is focusing on increasing food processing levels and ensuring greater value reaches farmers, with effective implementation of its programmes and incentives aimed at strengthening the processing ecosystem.
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