India's packaged food industry could touch $30 billion by 2015: ASSOCHAM

摘要

GROWING at a compound annual growth rate (CAGR) of about 15 to 20 per cent annually, the Indian packaged food industry is likely to touch $30 billion by 2015 from the current level of $15 billion including snack foods, ready-to-eat foods, healthy and functional foods. This was revealed by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) in an industry-specific analysis. Factors that have fuelled this industry's growth are the arrival of food multinationals; rising popularity of quick-service restaurants; modern retail trade; technological advancement; changing urban lifestyles and so on, the report said.