Project Report For
The project report for Namkeen or Snacks is as follows.
The Indian food market is on the verge of big production, increasing its addition to international trade in food previous year. In India, the food market has evolved as a rising-growth and elevated-profit market due to its enormous capacity for added value, especially in the food processing industry. This represents about 32% of the India’s overall produce food market. The Indian government has played an important role in the development and growth of the food industry. The Government, via the Ministry of Food Processing Industries (MoFPI), is ensuring every initiative to promote investment in industry.
The Indian food industry is the 6th biggest in the world, accounting for 70% of country sales. The Indian food manufacturing sector contributes for 32% of the nation’s total food market, one of India ‘s major businesses, and is rated fifth in reference of production , consumption, export and projected expansion.
Market potential & Strategy
The Indian food industry is among the quickest increasing sectors of the Indian industry. Inside the food industry alone, RTE, like Namkeen & Mithia, accounts for the largest share. This category has the most economic benefit, not only in financial terms, but rather to attach shelf life to the commodity or to ensure that it reaches from Farm to Fork.
Namkeen usage is massive in the western and northern regions of India, as well as the southern states also increased their consumption levels. The pattern too has moved from conventional approaches to the use of new technology. As food categories are increasing in India, a range of food manufacturers are catching the market for salty snacks.
Approximately 1,000 snack products are sold in India, covering different tastes, styles, textures, aromas, bases, sizes , shapes and fillings. Many 300 types of savouries are distributed in this nation and the total demand for snack items (including sweetmeat) is projected at Rs.25 000 crore. The branded category is just the at a rate of 25% per year, while the industry as a whole is rising at a rate of 7%.
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