Project Report For Food colour
Project report for Food Colour is follows.
Insights about the Natural Food Market in India In 2019, India’s natural food colour market is expected to be worth INR 5483.88 million.
By 2027, it is predicted to have grown at a CAGR of 3.90 per cent across the area, reaching INR 6880.57 million. It is attributable to the expanding population along with rising consumer awareness of health, which is expected to enhance the industry.
People are becoming more aware of the negative health impacts of synthetic food colours, which is increasing the demand for natural food colours. Artificially produced food Colors make meals look more appealing.
Brightly coloured meals pique the curiosity of consumers, particularly children. Children who are fed processed food-flavoured eatables are more likely to develop attention deficit or hyperactivity disorder.
Rising worries about the negative effects of synthetic colours are expected to propel the Indian natural food colours market at a significant rate over the estimated period of 2020-2027.
Food colouring remains in demand in the business as companies continue to entice clients with tempting food colouring. Food colouring plays a key part in the F&B industry, as customers continue to place a high value on it.
While synthetic colours are still in use, a link between synthetic food colouring and a variety of health problems has emerged, prompting consumers to question the additives’ quality, which is projected to boost the Indian industry.
Market Potential Of Food Colour
The industry received $709.72 Mn in FDI equity from April 2021 to March 2022. Additionally, $6 Bn in FDI has been received in the food processing industry overall between April 2014 and December 2022. By 2025, the Indian food processing industry could reach $470 billion.
Agriculture, gardening, plantations, dairy, animal husbandry, and aquaculture are all included in the vast industry of food processing. It also includes other sectors that produce edible goods using farming inputs.
The food processing industry has been identified by the Government of India (GoI) as a high-priority industry, and the GoI is presently promoting it through a number of tax breaks and incentives.
It is making numerous attempts to promote capital in the industry. Additionally, it is approving requests for industrial licenses, joint ventures (JV), international partnerships, and divisions focused on exports.
In addition, the government has launched Nivesh Bandhu, an investor-friendly portal that combines incentives and policies from the federal and state governments for all parties involved in the food manufacturing industry.
Project Report Sample On Food Colour
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