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Demand for food ingredients in India may rise 6.7% till 2029
Food & Beverages Processing
|October 2022
The demand for food ingredients and high-quality T packaging has gone up in the post-pandemic time in India said, industry executives.
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The India food ingredients market, currently estimated at $1584.08 million, is projected to grow at a CAGR of 6.7% till 2029, said analysts at a food ingredient, packaging & processing industry show called Fi India & ProPak India.
Increasing use of food ingredients coupled with growing ready-to-eat and convenience foods has led to the surge in demand, they added. The COVID-19 pandemic accelerated a significant shift in food habits, including consumer buying preferences, consumption patterns, and overall behaviour. Greater awareness of the possible health problems related to foods has led to the growth of demand for health and wellness products and ingredients, they further said.
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