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Indian food industry has come a long way since the time of Independence in 1947. From a ship to mouth existence, India has emerged as a food basket for the world. Driven by technologies, innovations and exports focus, India is today the 2nd largest country in terms of food production, processing, and consumption. India is today the largest producer of F&V, milk, sugar, pulses, spices, oilseeds etc. During the last two decades, the food consumption pattern has significantly changed and that led to the growth of a gigantic size food processing industry.
Today the size of Indian food retail market is valued over $800 billion with a growth rate of 11% AGCR. With the rapid growth of the Indian economy, a shift is also being seen in the consumption pattern of the country, from cereals to more varied, processed and nutritious diet of fruits and vegetables, milk, fish, meat and poultry products.
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India’s Food Processing sector is identified as sunrise sector with projected size $535 billion by 2025-26. India's food ecosystem offers huge opportunities for investments with stimulating growth in the food retail sector, favorable economic policies, and attractive fiscal incentives. The sector, however, needs technologies, investments and global partnerships to unlock its full potential.
The Indian food and grocery market is the world’s sixth largest, with retail contributing 70 per cent of the sales. The Indian food processing industry accounts for 32% of the country’s total food market, one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth. It contributes around 8.80% and 8.39% of Gross Value Added (GVA) in Manufacturing and Agriculture respectively, 13% of India’s exports and 6% of total industrial investment.
To harness colossal opportunities for investments in India’s food ecosystem which will stimulate growth in the food retail sector, lead to favourable economic policies and attractive fiscal incentives.
To provide unique opportunity for interaction amongst top leaders of ace food processing and retail companies, key stakeholders namely government officials, experts, industry CEOs, traders, FPOs, entrepreneurs, startups, developmental agencies and institutions to catalyse growth, innovations and entrepreneurships.
To showcase India as an investment destination and the massive opportunities in its food economy and exploring investments, technologies, marketing and collaborations.
To provide platform to the states, institutions, officials, experts, industries and international bodies to showcase scope and opportunities, vast resource base of India, latest products, advanced technologies, food processing models, logistics, post-harvest management, global best practices and to connect with farmers and Food processing & Retailing startups.
To facilitate global companies for exploring opportunities for food sourcing, business and investments, JVs, technical and marketing collaborations, exports and partnerships and signing of MoUs towards finding business partners, expanding business, increased value addition, trade and food processing sector.
To provide exposure, enrich knowledge and formulating progressive policy inputs through the technical seminars, international conferences, business dialogues and interactions among the Indian and global industry leaders, exhibitors, experts, farmers, entrepreneurs, industries and business CEOs.
India Food 2024 would be comprised of an international exhibition, India Food Business Summit, CEOs Panel Discussions and Food Business Awards on the theme of Technology and Innovations.
ICFA is the apex food and agriculture chamber in India, working on business, policy and development agenda and serving as global platform for trade facilitation, partnerships, technology and business services for food and agro industries. The chamber is approved by the Ministry of Commerce, Government of India, and works closely on policy and trade issues with the Ministry of Agriculture, Ministry of Food Processing, APEDA and several national and international organisations. A proactive approach helps ICFA in discerning critical challenges along with creating opportunities for development, value addition and international trade to accelerate growth in food and agriculture sector globally. With its 21 industry Working Groups and sector specific Business Councils, ICFA represents the interests of key stakeholders at the national level and through its international platforms and partnerships, ICFA facilitates India’s global engagement in food and agriculture sector. The Chamber organises a series of events and conferences on diverse subjects, with its flagship event, AgroWorld, that brings the world or agriculture on one platform, since 2018. For enhanced sustainability, food safety and quality standards, ICFA has taken up the Agriculture Stewardship Program by launching Healthy Food Initiative program and Good Agriculture Practices (GAP) project. In a short period of two years, the Chamber has signed up MoUs with the University of California, University of Maryland, Michigan State University, Iowa State University, Western Australia University, German Agribusiness Alliance, Borlaug Institute for South Asia, African Asian Rural Development Organization, WTC and IFPRI etc.
Ms. Ayati Singh, Business Manager
+91- 9311770523
ayati.singh@icfa.org.in
Ms. Shailja Goswami, Senior Manager
+91- 8448698321
shailja.goswami@icfa.org.in
