The Dublin-based market forecast agency, Research and Markets, has announced the addition of Indian Food Processing (2006) to its offering.

The Indian food processing market is one of the world’s largest in terms of production, consumption, and export and import potential. India is a major food producer, but now, because of recent reforms, it presents exciting opportunities for a investors across the globe.

Indian Food Processing (2006) helps clients analyse opportunities critical to the success of the food Processing industry in India. Presently, processed food accounts for merely 2% of the total food production in India, which is very low as compared to the levels of western countries. Taking market forces like rising income level and changing consumer behaviour because of rapid economic growth into consideration, it is expected to reach a growth rate of 10% in 2010 and 25% in 2020. Dairy products (milk and ethnic sweets, for instance) and packed and consumer food products provide immense opportunities for investment.

The reports key findings are:

1. The food processing industry is basically export oriented. Domestic consumption of processed food is low but is fast picking up with rising income levels and changing consumer behaviour due to economic growth.

2. The processed food industry provides competitive advantages over other countries because of an inexpensive workforce, government initiatives (tax holidays) and the easy availability of raw materials.

3. There’s an an untapped large consumer base, which is expanding because of rising income levels.

4. The food processing industry, presently at a low level compared with nations like the US, France and Malaysia, is all set to boom because of positive market forces.

The study also analyses the performance of key domestic players, including Dabur Foods, Godrej Industries, Hindustan Lever, Britannia Industries, ITC Limited and a host of top foreign players, including Nestle, PepsiCo and Cadbury.

For more information, visit http://www.researchandmarkets.com/reports/c42032