Brief
India’s food market valued at up to $600 billion, growing 6‑7% CAGR
Officials said the sector could double agri‑food exports after the India‑EU free‑trade deal.
By Felo News Desk · Published
India’s food market is estimated at US$550‑600 billion and expanding at a 6‑7% compound annual growth rate, experts said on Friday.
What happened
At the Anuga Select India and Anuga FoodTec India 2026 exhibitions in Mumbai’s Bombay Exhibition Centre (Sept 29‑Oct 1), officials highlighted the market’s size and growth drivers.
What the reports add
Devesh Deval, Joint Secretary of the Ministry of Food Processing Industries, said economic growth and urbanisation underpin the expansion. Martina Englhardt‑Kopf, Germany’s vice‑minister of food and agriculture, linked the India‑EU free‑trade agreement to a market of two billion people and liberalised trade covering 99.3% of EU and 96.6% of India’s trade value. Milind Dixit, MD of Koelnmesse’s India & SAARC region, noted the sector reached about US$382 billion in FY 2025 and could approach US$689 billion by FY 2034, with processed food now over 20% of agricultural exports.
Key facts
- India’s food market is valued at US$550‑600 billion. (deccanchronicle.com)
- The sector is growing at a 6‑7% CAGR. (deccanchronicle.com)
- Processed food accounts for more than 20% of India’s agricultural exports. (deccanchronicle.com)
- The India‑EU free‑trade agreement covers 99.3% of EU and 96.6% of India’s trade value. (deccanchronicle.com)
Sources
- [1] deccanchronicle.com — originally reported as “India’s Food Market Estimated At US$550–600 Billion, Growing At 6–7% CAGR”
