Advantage India
Robust
Demand
* Processed food demand is surging, fuelled by urbanisation, higher incomes, changing lifestyles, and preference for convenience.
* India’s agriculture and fisheries exports grew from Rs. 2,49,264 crore (US$ 35.16 billion) in FY20 to Rs. 4,33,819 crore (US$ 51.23 billion) in FY25, recording 7.82% CAGR and reflecting strong demand growth.
* India targets Rs. 8,549 crore (US$ 1 billion) in turmeric exports by 2030, with the Turmeric Board supporting farmers, maintaining a 58-66% global market share.
*In FY25, India’s fresh fruit exports have grown over 18% in value to Rs. 9,977 crore (US$ 1,171.08 million) from FY24, reaching 85 countries.
Attractive
Opportunities
* India’s seaweed farming sector, valued at Rs. 200 crore (US$ 23.02 million), as of March 2025, is projected to grow to Rs. 3,277 crore (US$ 377.19 million) by 2035, potentially benefiting 1.6 million people.
* India can double maize production to 86 million tonnes by 2047, offering attractive opportunities through high-yield seeds and crop diversification.
*India is redirecting record rice stocks towards ethanol production to support its 20% blending target, manage surplus supplies, and strengthen the role of agriculture in clean energy.
Policy
Support
* The budget for Department of Agriculture and Farmers’ Welfare increased from Rs. 21,933.50 crore (US$ 2.53 billion) in 2013-14 to Rs. 1,27,290.16 crore (US$ 14.89 billion) in 2025-26, reflecting the government’s commitment to agricultural development.
* The Union Cabinet approved the Prime Minister Dhan-Dhaanya Krishi Yojana (PMDDKY) worth Rs. 24,000 crore (US$ 2.79 billion) from FY26 to boost farm productivity, irrigation, credit access, and post-harvest infrastructure for 1.7 crore farmers across 100 districts
Competitive
Advantage
* India has access to several natural resources that provides it a competitive advantage in the food processing sector. Due to its diverse agro-climatic conditions, it has a wide-ranging and large raw material base suitable for food processing industries.
* In India, agriculture is the primary source of livelihood for ~55% of the population.
Godrej Agrovet
Godrej Agrovet is part of Godrej Group, one of the largest Indian conglomerates. The company has interests in diversified agriculture-related businesses. It operates across five business verticals which include animal feed, crop protection, oil palm, dairy and poultry and processed foods. Animal feed is the largest business of the company, contributing over 51.1% of its revenues till the third quarter of FY24. It is one of the largest organized players in India’s compound animal feed market.
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Rallis India
Rallis, a Tata Enterprise, is a subsidiary of Tata Chemicals, with its business presence in the farm essentials vertical. It is one of India’s leading crop care companies. The company’s 6,000+ dealers and 70,000+ retailers reach a vast multitude of India's farmers covering more than 80% of India’s districts and exports to over 58 countries. Rallis is known for its deep understanding of Indian agriculture, sustained contact with farmers, quality agrochemicals, branding and marketing expertise and its strong product portfolio of comprehensive crop care solutions. Agricultural solutions from the company benefit more than five million farmers.
Read MoreBritannia Industries Ltd
Britannia is one of the leading food companies in India with a legacy of more than 100 years. Today, it is among the most trusted food brands in India. Its portfolio includes biscuits, bread, cakes, rusk, and dairy products including cheese, beverages, milk, and yoghurt. It is the largest brand in the organised bread market. The company has a reach across five million retail outlets and 50% of the Indian households through its range of products.
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