Report Wire - India’s meals processing sector grows 11% in 5 years

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India’s meals processing sector grows 11% in 5 years

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India's food processing sector grows 11% in five years

By Express News Service

CHENNAI: India has an enormous potential within the meals processing sector that must be tapped, an business report stated on Friday. According to the report on India’s meals processing business launched by the Confederation of Indian Industries (CII) at FoodProfessional, a meals processing expertise exhibition, the business noticed an 11% development between Financial Years 2015 and 2020.

“It (India) has performed better than Brazil, US and China as of 2021 in terms of growth. But there is immense potential to unlock. India processes only 30% of its total meat production compared to Brazil (50% -60%) and the US (almost 90%). In fruits, India processes 5% of its production, compared to Brazil (35-40%) and the US (about 20%),” the report reads.

Quality inconsistency, fragmented agriculture manufacturing, demand-supply mismatch, low penetration of expertise, and provide chain points like the supply of chilly storage and warehousing amenities are the foremost boundaries to the expansion of the business.

The presence of pesticide residues and lack of expertise on coverage necessities for world markets affect meals processing exports, the report finds. Tamil Nadu is likely one of the main exporters within the marine, rice, dairy and cereal segments, R Sakkarapani, Tamil Nadu Minister for Food and Civil Supplies, stated addressing the occasion.

CHENNAI: India has an enormous potential within the meals processing sector that must be tapped, an business report stated on Friday. According to the report on India’s meals processing business launched by the Confederation of Indian Industries (CII) at FoodProfessional, a meals processing expertise exhibition, the business noticed an 11% development between Financial Years 2015 and 2020.

“It (India) has performed better than Brazil, US and China as of 2021 in terms of growth. But there is immense potential to unlock. India processes only 30% of its total meat production compared to Brazil (50% -60%) and the US (almost 90%). In fruits, India processes 5% of its production, compared to Brazil (35-40%) and the US (about 20%),” the report reads.

Quality inconsistency, fragmented agriculture manufacturing, demand-supply mismatch, low penetration of expertise, and provide chain points like the supply of chilly storage and warehousing amenities are the foremost boundaries to the expansion of the business.

The presence of pesticide residues and lack of expertise on coverage necessities for world markets affect meals processing exports, the report finds. Tamil Nadu is likely one of the main exporters within the marine, rice, dairy and cereal segments, R Sakkarapani, Tamil Nadu Minister for Food and Civil Supplies, stated addressing the occasion.