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.
Snacks and Food Business In India (Case Study)