Food industry is one of the biggest and most diversified businesses in the world.
It is the source for the supply of nourishment for the whole world.
It is on the edge of growth and more and more contribution to the world.
In India people have the keen love for foodstuff, whether it’s a party, weekend or a holiday Indians need an excuse to have eminent meal, which is reason for booming growth of this sector due to such high potential demand from the audience.
Through the ministry of food-processing Industries(MOFPI) the government of India is trying to encourage and grow this industry with the help of more and more investments.
The proposals for joint ventures, industrial licenses and foreign collaborations have been approved and being supported by the govt.
“Food-technology is the science that compact with all technique and activities involved in preserving, processing and manufacturing the food stuff”.
Breakthrough discovery in the technology.
One of the most famous early food research were of Louis Pasteur.
His researched on the spoilage of beer and found out the ways how to avoid this in early 1864. In addition, he also researched for the production of souring of milk, vinegar and rum.
Pasteurization method was developed and named after him. He became the pioneer into preventive vaccines and medicines and bacteriology due to his discoveries and research into food technology.
But modern production of the industry is defined by sophisticated technologies. These include
Food Processing Industry Analysis
It is the world sixth largest market in the world. It has also provided one of the highest rate of employment in the country with approximately 13 million people who working directly in the business.
- 70% of the sales being generated from retail itself.
- This industry occupies about 32% of the entire food market.
- 14% of the country’s GDP is grabbed just from this industries manufacturing and 13% of its exports.
- Statistical growth has been analyzed to about 250 billion USD in 2020 from estimated 197 USD at present.
- It has been ranked fifth in terms of consumption, growth and production.
- About 8.90 per cent of Gross Value Added(GVA) in Agriculture and Manufacturing respectively.
Top 10 Food Industries in India:-
- Rasna International
- Pepsico India Holdings
- Usher Agro
- Cadbury India
- MTR Foods
- Priya Foods
Top 10 biggest online food delivery apps worldwide: –
- Grub Hub
- Order Up
Online delivery system in India has seen a significant rise in mainly metropolitan cities like Noida, Gurgaon, Mumbai, Delhi and Hyderabad. It is now just click away to have the meal you desire with the apps from these companies: –
- Food Panda
- Just Eat
- Tasty Khana
- Travel Khana
- Domino’s Pizza
- Food Mingo
- Times City
Biggest fast-food and Beverage Companies in the world: –
- General Mills
- Associated British Foods plc
- Tyson Foods
- Archer Danields Midland Company
- Mondelez International