In recent years, India has witnessed a significant surge in the consumption of processed foods, reflecting changing lifestyles and urbanization. According to recent report, the processed food market in India is experiencing robust growth, with a projected CAGR of 9.5% from 2023 to 2028.
Factors contributing to this shift include the increasing influence of Western dietary patterns, a rise in dual-income households, and the convenience offered by processed foods in fast-paced urban settings. Ready-to-eat meals, packaged snacks, and convenience foods are gaining popularity, reshaping traditional eating habits.
As per the National Sample Survey (NSS), urban households in India are spending around 32% of their food budget on processed and packaged foods, showcasing a notable shift in consumer behaviour. India’s rising processed food consumption signals a lucrative market, presenting substantial opportunities for food processing companies eyeing sustained growth.
