Indian FPM contract manufacturing market is expected to grow at a CAGR of around 6.4% during the forecast period. India FPM contract manufacturing is expected to rise significantly due to growing trend towards the food industry in the region. The food sector in India has been significantly emerging as a high-profit and high-growth sector as it holds high potential for value addition, primarily under the food processing industry. According to the India Brand Equity Foundation (IBEF), the food processing industry in India accounts for a total of 32% of India’s total food market. The food processing sector in India is ranked fifth in terms of export, manufacturing, consumption and expected growth.

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By the Ministry of Food Processing Industries (MoFPI), the government has been carried out efforts to boost investments in the business. The government has accepted proposals for joint ventures (JV), industrial licenses, international collaborations; and 100% export-oriented units. As per the Department of Industrial Policies and Promotion (DIPP), the Indian food processing sector has attracted FDI of nearly $7.5 billion during the period April 2000-March 2017. Moreover, the Indian online food ordering business is at the burgeoning stage due to the availability of food delivery companies such as Swiggy, TinyOwl, Zomato and FoodPanda. This organized food business is expected to witness remarkable growth in the future. According to the IBEF, the online food delivery industry rose at 150% year-on-year with an anticipated Gross Merchandise Value (GMV) of $300 million in 2016.

In addition, the Food Safety and Standards Authority of India (FSSAI) is planning to invest nearly $72.3 million for strengthening the infrastructure of food testing in India with the up-gradation of 59 current food testing laboratories and establishment of 62 novel mobile testing labs in India. It represents the government focus towards the quality of food products, which is a positive sign for the growth of FPM contract manufacturing as they provide expert food-related services to meet the quality standards, including Good Manufacturing Practices (GMP), ISO 22000, ISO 9000 and Good Hygienic Practices (GHP). Hence, such government initiatives and growth in the food processing industry is creating a significant opportunity for Indian FPM contract manufacturing market. 

Research Methodology

The market study of the Indian Food Processing and Manufacturing (FPM) Contract manufacturing market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Indian Food Processing and Manufacturing (FPM) Contract manufacturing Market Research and Analysis by Services

The Report Covers

• Comprehensive research methodology of the Indian Food Processing and Manufacturing (FPM) Contract manufacturing market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Indian Food Processing and Manufacturing (FPM) Contract manufacturing market.
• Insights about market determinants which are stimulating the Indian Food Processing and Manufacturing (FPM) Contract manufacturing market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.