INTRODUCTION TO FOOD TECHNOLOGY
FOOD SCIENCE VS FOOD TECHNOLOGY
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Detailed explanation-1: -India' s food market is ranked 6th in the world, with 70% of sales and 5th in production, consumption, and export. India exports 13% of its overall manufacturing output and 6% of its industrial investment.
Detailed explanation-2: -What are the 5 largest food companies in India? The largest food companies in India are Amul, Hindustan Unilever, Vadilal, Parle and Britannia.
Detailed explanation-3: -Market Overview 2023-2028: The India food processing market size reached INR 25, 455 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 45, 345 Billion by 2028, exhibiting a growth rate (CAGR) of 9.5% during 2023-2028.
Detailed explanation-4: -It makes up around 3% of India’s GDP and nearly 2/3 of the country’s whole retail market. It is predicted that the income in the food and beverage sector will expand at a CAGR of 14.2% between 2020 and 2024. By 2024, a USD 1, 264 million market volume is also anticipated.