India: Food Processing Ingredients
Link to report:
Despite the challenges delivered by COVID-19, the Indian food processing industry continues to expand rapidly. The sector has significant growth potential due to rising incomes and greater consumption of valueadded products, driven by major demographic changes, including rising urbanization and greater dual income households. Over the past year, the food processing sector adapted to new, COVID-19 spurred consumption trends, including increased demand for immunity-boosting foods and affordable packaged food item sizes. In response to COVID-19’s negative impact on the food processing sector, the Government of India introduced a variety of new support programs, most noticeably the Atmanirbhar Bharat (“Self-Reliant India”) campaign.
