date:Dec 15, 2015
The size of packaged food market in India is set to witness a quantum jump to US$50 billion by 2017 from the present level of US$32 billion growing by a CAGR of 35 per cent on the back of increasing popularity and demand for ready-to-eat food, snacks as such food is convenient and gaining consumer confidence, according to a recent ASSOCHAM survey.
Average rate of annual spending on packaged food by Indian households has increased by 32.5 per cent during the years 2010 to 2015 while the growth