Food retail in India(USD 150 bn by 2025): Food processing, distribution, cold storage
Food Retail in India to touch USD 150 bn by 2025: KPMG
Press Trust Of India
New Delhi, December 07, 2010
"Evolution of innovative food processing capacity, emergence of organised retail and change in consumption patterns along with fast changing demographics and habits is fuelling the next growth trajectory for the food industry in India," KPMG said in a statement.
Driven by the growth of organised retail coupled with changing consumer habits, food retail sector in India is set to be more than double to USD 150 billion (around Rs 6,70,870 crore) by 2025, according to a report by KPMG. The country's food retail sector, which is currently estimated at USD 70 billion (around Rs 3,13,137 crore) will be more than double in the next fifteen years, the global audit and advisory firm KPMG said.
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