Health-consciousness & increased awareness driving soy growth in India Introduction Processed food industry is the fifth largest industry in India in terms of production, consumption and exports and is considered as a sunrise industry. It accounts for almost one-third of the country’s total food market and plays a vital role in the Indian economic growth as it is a crucial link between agriculture and industry. The Indian food processing industry is growing at more than 10% CAGR for the last five years and continues to grow. Growing urbanisation, growing middle class, increasing disposable income, emerging organised food retail, and changing lifestyles and food consumption patterns are the drivers of this growth. In fact, rapid transformation in the lifestyle of Indians has resulted in increase in the demand for processed and convenience food. Read full article @ hifso.blogspot.in/
Posted on: Mon, 02 Sep 2013 09:24:42 +0000
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