The total food production in India is likely to double in the next 10 years with the country's domestic food market estimated to reach US$ 258 billion in FY 2015 with the burgeoning population.The Indian food and grocery market is the world's sixth largest, with retail contributing 70 per cent of the sales. It is projected to grow at the rate of 104 per cent, touching US$ 482 billion by 2020.
The Indian food processing industry accounts for 14 per cent of manufacturing GDP, 13 per cent of India's exports and six per cent of total industrial investment. Indian food service industry is expected to reach US$ 78 billion by 2018.
The Indian food market is currently valued at US$ 1.3 billion and is growing at a CAGR of 20 per cent. Indian food brands are increasingly finding prime shelf space in retail chains in India and abroad.
The online food ordering business in India is just growing. The overall food ordering business in 2014 was estimated to be around Rs 5,000-6,000 crore (US$ 800.19-960.12 million).India's Exports of processed food increased at a CAGR of 34.6 per cent to US$ 22.4 billion. Main export destinations for food products have been the Middle East and Southeast Asia.