From skyrocketing projections of a trillion-dollar market fueled by a young, dynamic population to impressive stats like producing 22% of the world's milk, India's food and beverage industry is not just growing—it's exploding with flavor and opportunity.
Key Takeaways
- India's food and beverage market was valued at USD 491 billion in 2023 and is projected to reach USD 1,344 billion by 2033, growing at a CAGR of 10.6%
- The organized food processing sector in India contributes about 10% to the total food market, valued at approximately USD 49 billion in FY2023
- India's F&B industry is expected to grow at 17% annually, making it the world's fastest-growing market by 2025
- India produces 112 million tonnes of fruits annually, with 2% processed into F&B products
- Wheat production in India reached 112 million tonnes in 2023/24 season, key for F&B milling
- Rice production hit 135 million tonnes in FY2023/24, milled for packaged foods
- Urban India consumes 40% of packaged F&B products, 60% from Tier 2/3 cities in 2023
- Per capita F&B spend USD 150 in 2023, up 10% from 2022
- 65% of Indians consume packaged snacks weekly, average 2 packs per week in 2023
- India's F&B exports reached USD 11.7 billion in FY2023/24, up 13.1% YoY
- Rice exports from India 16.5 million tonnes worth USD 11 billion in FY2023/24
- Marine products exports USD 7.8 billion in FY2023/24, USA top destination
- F&B FDI inflows USD 12.5 billion cumulative till 2023
- 140 food parks operational in India as of 2023, investment INR 10,000 crore
- Private equity investments in F&B startups USD 2.5 billion in 2023
India's food and beverage industry is vast, fast-growing, and full of future potential.
Consumption Patterns
- Urban India consumes 40% of packaged F&B products, 60% from Tier 2/3 cities in 2023
- Per capita F&B spend USD 150 in 2023, up 10% from 2022
- 65% of Indians consume packaged snacks weekly, average 2 packs per week in 2023
- Non-alcoholic beverage consumption 25 litres per capita annually in 2023
- Dairy consumption 428 grams per capita per day in FY2023
- Tea consumption 1.2 kg per capita yearly, 80% black tea in 2023
- Ready-to-eat meals consumed by 25% urban households weekly in 2023
- Health drinks consumption up 18% YoY, 40% among millennials in 2023
- Ice cream per capita consumption 200 ml annually in 2023
- Bottled water consumption 20 litres per capita in urban areas 2023
- Organic food consumption 5% of total F&B spend in metros, 2023 data
- QSR visits average 2.5 per month per urban consumer in 2023
- Plant-based milk consumption grew 30% to 50 million litres in 2023
- Confectionery consumption 2.5 kg per capita annually, 2023
- Edible oil household consumption 19 kg per capita yearly
- Bakery products consumption 3.5 kg per capita in urban India 2023
- Alcoholic beverages per capita 4.9 litres pure alcohol in 2023
- Fruit juice consumption 2.5 litres per capita annually, up 12%
- Pet food consumption USD 200 per pet annually in urban homes 2023
- Coffee consumption 100 grams per capita, urban 300g, 2023
- Processed meat consumption 2 kg per capita in metros, 2023
- Nutraceuticals daily intake 20% of adults in 2023 survey
- Sugar consumption 20 kg per capita annually, 2023
- Frozen food household penetration 15% in Tier 1 cities 2023
- Snack food consumption frequency 4 times/week average, 2023
Consumption Patterns Interpretation
India’s food and beverage scene reveals a nation snacking with disciplined fervor, sipping its way toward wellness, and treating its pets better than some people treat themselves, all while urban tastes steadily percolate into smaller cities.
Investments & Employment
- F&B FDI inflows USD 12.5 billion cumulative till 2023
- 140 food parks operational in India as of 2023, investment INR 10,000 crore
- Private equity investments in F&B startups USD 2.5 billion in 2023
- Employment in food processing sector 7.5 million direct jobs in FY2023
- QSR chains invested USD 1 billion in expansion 2023, 2,000 new outlets
- Government schemes like PMKSY allocated INR 6,000 crore for F&B infra till 2023
- 1,200 cold chain projects approved, investment INR 90,000 crore by 2023
- F&B sector attracted USD 1.2 billion FDI in FY2023/24
- Dairy cooperatives employ 1 million farmers, investment INR 50,000 crore assets
- E-commerce F&B platforms raised USD 800 million VC in 2023
- Mega food park investments INR 5,000 crore operationalized by 2023
- Beverages sector FDI 100% automatic route, USD 500 million inflows 2023
- 500,000 MSMEs in food processing, employ 2 million, investment INR 2 lakh crore
- Cloud kitchen investments USD 400 million in 2023, 5,000 units
- Nutraceutical investments USD 300 million PE/VC in FY2023
- Organic F&B venture funding USD 150 million in 2023
- Food delivery platforms employ 2 million gig workers in 2023
- Alcohol industry capex INR 10,000 crore planned for 2024-25
- Bakery sector 50,000 units, employ 1.5 million, investment INR 50,000 crore
- Snack manufacturing employs 500,000, 5,000 plants operational 2023
- RTE food companies invested USD 200 million in capacity 2023
Investments & Employment Interpretation
India's food and beverage sector is a frothy, high-stakes kitchen where foreign money pours in to build the pantry, private equity fuels the experimental chefs, and every new outlet, cold chain, and cloud kitchen is a place setting for millions of hungry job seekers.
Market Size & Growth
- India's food and beverage market was valued at USD 491 billion in 2023 and is projected to reach USD 1,344 billion by 2033, growing at a CAGR of 10.6%
- The organized food processing sector in India contributes about 10% to the total food market, valued at approximately USD 49 billion in FY2023
- India's F&B industry is expected to grow at 17% annually, making it the world's fastest-growing market by 2025
- The beverage segment of India's F&B market reached USD 15.5 billion in 2022, with a projected CAGR of 8.2% until 2028
- Food services market in India stood at USD 64 billion in 2023, expected to hit USD 81 billion by 2028 at CAGR 4.8%
- India's packaged food market size was INR 3.5 lakh crore in 2023, growing at 13% YoY
- The non-alcoholic beverages market in India is valued at USD 12 billion in 2024, projected to USD 20 billion by 2030
- India's dairy industry, part of F&B, processes 22% of global milk production at 230 million tonnes annually
- Quick service restaurants (QSR) segment valued at USD 2.8 billion in 2023, expected CAGR 20% to 2028
- India's confectionery market size reached USD 4.5 billion in FY2023, with 12% CAGR forecast
- The food delivery market in India hit USD 10 billion in 2023 GMV, growing 20% YoY
- India's edible oils market valued at USD 25 billion in 2023, CAGR 7% to 2029
- Bakery products market in India at USD 9.2 billion in 2023, projected to USD 15 billion by 2030
- India's meat and poultry processing market size USD 4 billion in 2023, CAGR 8.5%
- Snack foods market in India valued at USD 11 billion in 2023, expected 14% CAGR
- India's fruit processing industry output at 1.2 million tonnes in FY2023, market value USD 2.5 billion
- Ready-to-eat food market in India USD 1.8 billion in 2023, CAGR 16% to 2029
- India's organic food market size USD 1.36 billion in 2023, projected CAGR 20%
- Alcoholic beverages market revenue USD 18 billion in 2023, CAGR 6.5% forecast
- India's frozen food market at USD 1.5 billion in FY2023, 15% YoY growth
- Health and wellness food segment USD 8 billion in 2023, CAGR 12%
- India's spices market export value USD 4 billion in FY2023, domestic market USD 10 billion
- Pet food market in India USD 500 million in 2023, CAGR 25%
- India's tea market size USD 5.5 billion in 2023, with 4% volume growth
- Coffee consumption market USD 1.2 billion in 2023, CAGR 9%
- India's sugar production 35 million tonnes in MY2023/24, market value USD 15 billion
- Processed vegetable market USD 2 billion in 2023, CAGR 10%
- India's F&B e-commerce sales USD 5 billion in 2023, 25% growth
- Cloud kitchen market USD 1 billion in 2023, projected USD 3 billion by 2028
- India's nutraceuticals market USD 4 billion in FY2023, CAGR 13%
Market Size & Growth Interpretation
India's food and beverage industry is expanding with the ravenous metabolism of a growing giant, where even the organized sector's current 10% slice of this half-trillion-dollar feast is just waking up to its own potential.
Production Statistics
- India produces 112 million tonnes of fruits annually, with 2% processed into F&B products
- Wheat production in India reached 112 million tonnes in 2023/24 season, key for F&B milling
- Rice production hit 135 million tonnes in FY2023/24, milled for packaged foods
- Milk production 230.58 million tonnes in FY2023, 88% of Asia's total
- India produced 39 million tonnes of vegetables in 2023, 10% processed
- Poultry meat production 4.8 million tonnes in 2023, up 8% YoY
- Sugar production 33.5 million tonnes in 2023/24, 5% above previous year
- Edible oil production 11 million tonnes in FY2023, 70% from domestic sources
- Tea production 1.37 billion kg in 2023, highest ever
- Coffee production 3.75 lakh tonnes in 2023/24, Arabica 35%
- Spices production 10.9 million tonnes in FY2023, 12% global share
- Cashew production 7.8 lakh tonnes in 2023, Kerala leads with 30%
- Fruit pulp processing capacity 1.5 million tonnes annually in 2023
- Packaged milk processing 25% of total production, 57 million tonnes in 2023
- Flour milling capacity 120 million tonnes per year in India as of 2023
- Ready-to-cook food production 1.2 million tonnes in FY2023
- Snack pellets production 1.5 lakh tonnes annually by top firms in 2023
- Ice cream production 500 million litres in summer 2023
- Bottled water production 12 billion litres in FY2023
- Fruit juice concentrate production 2 lakh tonnes in 2023
- Bakery products output 4 million tonnes in 2023
- Processed meat products 0.8 million tonnes in FY2023
- Organic produce 2.8 million tonnes in 2023, 2.8% of total agri output
- Branded staples production grew 15% to 5 million tonnes in 2023
- Malt production for beer 2.5 million tonnes in FY2023
- Frozen ready meals production 0.5 million tonnes in 2023
- 70% of India's 300 million tonnes annual food grain production is milled locally for F&B
Production Statistics Interpretation
India's F&B sector is a titan of raw potential, with mountains of fruit, oceans of milk, and rivers of grain, yet it sits patiently at the basecamp of processing, inviting a hungry world to join the ascent toward value-added summits.
Trade (Exports/Imports)
- India's F&B exports reached USD 11.7 billion in FY2023/24, up 13.1% YoY
- Rice exports from India 16.5 million tonnes worth USD 11 billion in FY2023/24
- Marine products exports USD 7.8 billion in FY2023/24, USA top destination
- Spices exports USD 4.46 billion in FY2023/24, growth 13%
- Buffalo meat exports 1.3 million tonnes USD 3.2 billion in 2023
- Tea exports 254 million kg worth USD 837 million in FY2023/24
- Processed fruits and vegetables exports USD 2.1 billion in FY2023
- Sugar exports 6.5 million tonnes USD 3.5 billion in 2023/24
- Cashew exports USD 0.45 billion in FY2023, Vietnam key market
- Coffee exports 1.25 lakh tonnes USD 1.4 billion in 2023/24
- Dairy products exports USD 0.2 billion in FY2023, SMP major
- Groundnuts exports USD 0.8 billion in FY2023/24
- Basmati rice exports USD 5.2 billion, 4.8 million tonnes in 2023/24
- Mango pulp exports 50,000 tonnes USD 50 million in FY2023
- Gherkins exports USD 300 million, 1.8 lakh tonnes in 2023
- Alcoholic beverages exports USD 100 million in FY2023
- Organic products exports USD 1.2 billion in FY2023
- Ready-to-eat food exports USD 500 million in 2023, USA 40%
- Snack foods exports USD 1 billion in FY2023/24
- India imported USD 25 billion edible oils in FY2023/24, 70% palm oil
- Pulses imports 2.5 million tonnes USD 2.2 billion in 2023/24
- Apple imports 3 lakh tonnes USD 400 million in FY2023
- Dairy imports negligible at USD 50 million, mostly SMP in 2023
- Wine imports USD 150 million in FY2023
Trade (Exports/Imports) Interpretation
India's F&B sector is a formidable, flavor-packed export juggernaut, shipping mountains of rice and oceans of fish, yet it humbly sends out giant edible-oil cheques and yearns for foreign apples, all while quietly sipping imported wine.
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