The snacks and food industry in India is a large and growing sector that offers a wide range of opportunities for entrepreneurs and businesses. Here are some key points about the snacks and food industry in India:
- The food and beverage industry in India is expected to grow at a CAGR of 10.9% from 2021-2026.
- The snacks segment is a significant part of the Indian food industry, with a wide range of local and regional snacks available.
How To Start a Snacks and Food Business In India?
- Traditional Indian snacks, such as samosas, pakoras, and bhel puri, are popular among consumers and are available from street vendors and small shops.
- The packaged snacks industry in India has grown rapidly in recent years, driven by changing consumer preferences and increasing urbanization.
- The Indian government has set up the Food Safety and Standards Authority of India (FSSAI) to regulate the safety and quality of food products.
- The snacks and food industry in India faces several challenges, including supply chain disruptions, food safety concerns, and changing consumer preferences.
- The COVID-19 pandemic has had a significant impact on the food industry in India, with many businesses facing challenges due to supply chain disruptions and reduced demand.
- The snacks and food industry in India offers many opportunities for entrepreneurs to start small businesses, such as food trucks, snack bars, and catering services.
- E-commerce platforms have made it easier for small and medium-sized businesses to reach customers across India, providing new opportunities for growth.
- The snacks and food industry in India is expected to continue growing in the coming years, driven by factors such as changing consumer preferences, increasing disposable income, and growing urbanization.