FNB News – The international probiotics market was estimated to be valued round US$ 48.zero billion by way of income in 2019 and is predicted to develop at a CAGR of 6.8%

KPMG India sees that Government partnership with non-public gamers via applicable PPP fashions could also be thought-about to make sure a sooner scale up of high quality infrastructure within the meals processing sector. The pandemic has given rise to a brand new regular with sustainable meals chains, rising choice for wholesome meals and localised meals provide with elevated commerce boundaries.

Hence a focussed method with collaboration from various stakeholders is required for catalytic development of the business. An inter-ministerial committee led by MoFPI and consisting of assorted ministries could also be constituted to convey varied stakeholders collectively in a co-ordinated method, famous KPMG in its report titled, ‘Indian food processing  industry – growth opportunities post the Covid-19 pandemic’.

In the post Covid-19 era, there is likely to be a surge in non – tariff measures including stringent Sanitary and Phytosanitary Measures (SPSs) and Technical Barriers to Trade (TBT) by major economies to ensure food safety against transmitted chemicals and diseases.

Significant shift from non-sustainable food systems to environmentally sustainable food systems across the entire value chain for food processing will be seen.

Demand for foods perceived to be healthy such as organic food and related products is likely to increase significantly. Adoption of traceability in food products is likely to witness a steep rise. Localisation of food supply is likely to gain prominence as an emerging and increasingly credible concept.

Recognising the essence of food security and shortages, adoption of Information and Communication Technologies (ICTs) such as Artificial Intelligence (AI) and Big Data to improve on-farm handling, post-harvest, storage and transportation processes is likely to gain traction in future. Resilience  needs to be strengthened from production of traditional crops to storage, transportation, processing and preparation.

Food processing industry is one of the mainstays of the global economy with a value addition of $ 1.7 trillion. The Indian processed food market is expected to grow to US$ 470 billion by 2025 from $ 263 billion last year.

The post Covid-19 world looks promising for India’s meals processing business and gives the nation with a possibility to calibrate its technique and gears as much as seize new markets.

The business is predicted to maneuver in the direction of an organised construction. PM FME Scheme is offering impetus to this by formalising the unorganised micro gamers in meals processing business.

There is critical potential for enhancing exports from India to the highest 10 meals importing nations of the world the place India has a restricted presence. Major segments of potential embrace fisheries, meat and marine and dairy.

Government of India can help the exporters by negotiating Free Trade Agreements (FTAs), decreasing Non-tariff boundaries (NTBs) and expeditious implementation of Remission of Duties and Taxes on Exported Products (RoDTEP) scheme.

Production Linked Scheme (PLI) Scheme is more likely to encourage gamers in meals processing business to reinforce their processing capacities and meet the demand for rising challenges. To improve competitiveness and meet the hygiene wants at a scale, the gamers specifically MSMEs would require prime quality testing and certification infrastructure.

A coordinated method is the necessity of hour bearing in mind alternatives in regional choice in home market, exports and high quality administration techniques. National Single Window Clearance System and Project Development Cell are a step within the path for a coordinated method.

Inter-Ministerial Body led by MoFPI and with participation from APEDA, MPEDA, FSSAI supported by a Food Processing Council can show to be a catalyst for business improvement at section/product degree, tapping worth added exports and addressing points and challenges.

LEAVE A REPLY

Please enter your comment!
Please enter your name here