Agricultural press review in India from May 8 to 14, 2021

Published 2021년 5월 18일

Tridge summary

A KPMG report forecasts that India's agribusiness market could grow to $535 billion by 2025, up from $263 billion in 2020, with potential growth in the organized food service market and increased exports of grains, processed fruits and vegetables, and sugar. The report also emphasizes the need for storage and supply chain infrastructure improvements, and sees potential for innovation in health-focused food products. Meanwhile, the organized food service market is expected to grow at an average annual rate of 10.5% to reach $37 billion by 2020-25, driven by mid-sized cities and western QSRs. Additionally, India's exports of food products increased by 25% to a record $19.96 billion in 2020-21, led by rice exports.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Post-pandemic growth opportunities in the Indian food industry; growth in the organized food service market; increased exports of grains, processed fruits and vegetables, and sugar; Organized Credit for Marginalized Farmers Post-pandemic Growth Opportunities in India's Agribusiness Industry According to a KPMG report, India's agribusiness market could reach $ 535 billion by 2025, up from $ 263 billion in 2020. With the pandemic that restricts mobility and forces people to work from home, mid-sized cities could follow the trend of metropolitan areas by consuming more processed food products in the years to come. Acceptability of processed food products has increased, with customers favoring products that are hygienically guaranteed, readily available and have a long shelf life. Although the Indian food processing industry is changing rapidly, the growth is concentrated in a few segments. There is room for diversification within the segments. In 2017-18, processing capacity was ...

Source: Tresor National - Economie