India's food processing industry spurs FMCG fresher jobs hiring; rising to 32 percent in H2FY24

The food processing industry, which is expected to double its size by 2025-26, will drive the hiring in the FMCG (Fast-Moving Consumer Goods) sector, as the second half of 2024 witnessed a sharp rise in the hiring intent for freshers, rising to 32 percent, according to a report by TeamLease EdTech.

- AGENCIES

The intent for freshers hiring in the first half of 2024 stood at 27 percent, as per the report.

This increase is propelled by a deeper market penetration into rural and semi-urban markets on the back of rapid growth of India's food processing industry, projected to double from USD 263 billion in 2019-20 to USD 535 billion by 2025-26, with a CAGR of 12.6 percent.

The report adds that the key product segments like dairy, RTE (Ready-to-Eat) foods, frozen meat, and snacks are creating job roles in supply chain and market research.