Ingredient Innovation Key Drivers in Food Innovation & Renovation

摘要

The food processing industry is one of the fastest growing and an important contributor to Indian economy. It is one of the largest industries in India and ranks fifth in terms of production, consumption and exports. The contribution of food processing industry to GDP has been growing faster when compared with the agriculture and allied sector. As per livemint.com, India's food and beverages (F&B) industry will expand at an average annual pace of 24% to reach Rs.3.8 trillion by 2017. As per Ministryfor Statistics and Programme Implementation, Food, Beverage & Tobacco industry contributed 2.8% of total GVP of India in 2014-15.