Indian Food and Beverages Market Summary 

Indian Food and Beverages Market had a value of USD 437.63 Billion in 2024 and expected it to hit USD 875.03 Billion by 2030, with a CAGR of 12.5 % during the forecast period.

Indian Food and Beverages Market Trends and Analytical Insights -

• North Indian Food and Beverages Market was the largest revenue generating region market in year 2024.

• In 2024, By Product Type, Dairy Product segment dominated the Indian Food and Beverages Market, accounted for 26.6% market shares.

• Leading Key players for Indian Food and Beverages Market in 2024 was ITC Limited, Hindustan Unilever Limited (HUL), Nestlé India Limited, Britannia Industries Limited and Varun Beverages Limited.

Market Size & Forecast

• Market Size 2024: USD 437.63 Billion

• Projected Market Size 2030: USD 875.03 Billion

• CAGR (2024-2030): 12.5%

• North India: Dominating Region in 2024

Indian Food and Beverages Market Overview

Indian Food and Beverages Market was the country’s one of the most vibrant consumer sectors, which was the integration of agriculture, manufacturing, and services. In 2024, the Indian food service segment, which entails restaurants, cafés, cloud kitchens, and quick-service formats, was worth USD 50.99 billion, indicating the swift rise of cities and changing consumption patterns in Indian Food and Beverages Industry. The food processing ecosystem, which covers packaged foods, beverages, and value-added agri-products, had a Gross Value Added (GVA) of about ₹2.24 lakh crore for the financial year 2023-24, showing its strong multiplier effect on employment, supply chains, and rural linkages.

The Indian Food and Beverages Market was a key part of both the manufacturing and agricultural output of India, making a total contribution of 8.8 % to manufacturing GVA and 8.39 % to agriculture GVA in 2024. From a structural perspective, food processing accounts for nearly 32 % of India’s total food market thereby making it a major link between farm produce and consumer demand. The Indian Food and Beverages Industry was also adding to India’s trade carrier, where agricultural and processed food exports have reached USD 48.15 billion in the financial year 2024. The continuous government effort in Indian Food and Beverages Market was also successful as it was encouraging capacity expansion, the use of new technology, and the process of formalisation along the entire value chain through 100 % FDI allowance and production-linked incentives.

Within the India Beverage market, for drinks (both alcoholic and non-alcoholic) was approximately USD 39.3 billion in 2024. The trend of consumption in Indian Food and Beverages Market, which was based on the consciousness of health and youth-centric usage, was pushing up the demand for juices, dairy beverages, energy drinks, and premium carbonated options. The innovation in functional formulations, premium packaging, and cold-chain logistics was revolutionizing the market. At the same time, the increase in people's disposable incomes, the digital delivery ecosystems, and the expanding organised retail formats are providing the stability of double-digit growth potential. Together, the Indian Food and Beverages Market scenery was transitioning from a scattered traditional base to a modern, innovation-driven consumer ecosystem.

This extensive analysis by Jadhavar Business Intelligence Pvt Ltd provides consumers with a complete and actionable picture of the Indian Food and Beverages Market, including market size, share, trends, and growth estimates from 2024 to 2030. It provides a complete overview of important locations and countries by Type and Distribution Channel. Clients receive comprehensive market dynamics, business tool analysis (PORTER and PESTLE), a Technology roadmap, and regulatory updates. The study also includes country-specific projections, competitive benchmarking, Company profiles, and M&A activity, all of which aid in strategic planning, market entry analysis, and competitor positioning.

Indian Food and Beverages Market Dynamic’s

Indian Food and Beverages Market saw continuous growth in 2024, which was mainly fueled by consumption rise and structural changes within the sector. Consequently, the industry was responsible for over 48 million jobs and made a contribution of nearly 10% to India's GDP, thus showcasing its economic importance. On the other hand, the Indian Food and Beverages Market faced inefficiencies nearly 35 % of perishables' food production were thrown away owing to the insufficient cold-chain capacity.

In parallel, urban consumers, who now form more than 36% of the population, were a major factor in the growth of the premium and functional products market, which in turn led value-added food sales to go beyond 18% year-on-year. At the same time, the cost of raw materials and packaging for the industry escalated by 15%, which put companies under pressure to review their sourcing and pricing strategies in Indian Food and Beverages Industry. Further, the contraction of traceability standards by FSSAI has not only led to an acceleration in digital quality tracking throughout the supply chain but also been a significant factor in the reform of Indian Food and Beverages Market sector in terms of efficiency and competitiveness at the global level.

In 2024, Indian Food and Beverages Market had been a growing field with wide-ranging opportunities, these was the main factors that ruled the scene the adoption of technology, the changing pattern of consumption, and the positive measures taken by the government. The fast growth of organized retail and e-commerce, expected to go beyond USD 100 billion by 2025, has significantly contributed to the creation of new distribution channels for packaged and premium food brands. The implementation of Mega Food Parks and 100% FDI in food processing had the main opportunity for the huge investments made in the areas of automation, cold-chain, and value-added production. The adoption of green and digital technologies in Indian Food and Beverages Industry has been a major factor behind the change in the pattern of India’s F&B landscape in 2024 from a volume-driven to a value-creation-led growth model, which in turn has made it appeal to both the domestic and the international investors.

Indian Food and Beverages Market Segment Analysis

Indian Food and Beverages Market is segmented into Product Type and Distribution Channel.

By Product Type,

Based on Product Type, The Indian Food and Beverages Market is segmented into Dairy Products, Fruits and Vegetables, Meat and Poultry, Bakery and Confectionery, Beverages (Alcoholic and Non-Alcoholic) and Other Types. In 2024, the Dairy Products segment accounted for share (26.6%) of the Indian Food and Beverages Market. This dominance was driven by dairy products were of great cultural and nutritional value in India, where milk, curd, butter, and ghee were used on a daily basis. Milk production was strong, the country likes a large number of cooperatives such as Amul, and the government engages in milk collection and processing, all of which contribute to a positive climate for the Indian Food and Beverages Industry. Moreover, the increasing requirement for the segment such as cheese, flavored milk, and probiotic yogurt, Etc. makes the dairy industry’s dominant position in the urban as well as rural markets even more solid.

By Distribution Channel,

Based on Distribution Channel, The Indian Food and Beverages Market is segmented into Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retail and Departmental Stores. In 2024, Supermarkets/Hypermarkets was dominated the Indian Food and Beverages Market, accounting for 37.7% of the overall Indian Food and Beverages Market. This Dominance attributed by in urban and semi-urban areas, supermarkets and hypermarkets supply an extensive range of products such as food, beverages, dairy, bakery, etc., which attract customers. As a result, these stores have become the go-to place for metro and mini-metro consumers. They are counted among the “organized retail” sector, which, driven by investment in the sector, has been witnessing a steady growth in supply chains, cold storage, and quality standards and also in promotions and loyalty programmes.

Indian Food and Beverages Market Region analysis

In 2024, the Indian Food and Beverages market was largely influenced by the region of North India. It contributed the highest share to the Indian Food and Beverages Market, mainly since of its heavy consumption of dairy, bakery, and packaged food products, which was supported by a dense urban population and a well-established retail infrastructure. Maharashtra and Gujarat led by West India, were just behind the leaders, that was, the North Indian states. The growth of organized retail and the food processing industries were the main drivers of this trend. The South India market showed good consumption of beverages and bakery items which can be attributed to the wide-ranging culinary preferences of the locals, while East India was slowly turning into a promising region, facilitated by the rapid urbanization and the gradual improvement of distribution networks.

Indian Food and Beverages Market Competitive Analysis

Hindustan Unilever Limited (HUL) has led the way, in 2024, to be the top player in the Indian Food and Beverages Market with the distribution was the main factor that no other competitor could match, having brand equity not just across value but also for the premium tiers, and the fast pace of their health-oriented and ready-to-eat formats innovation. ITC extensively utilises its scale and the variety of its portfolio (staples, snacks, FMCG supply chains); Nestle India appreciates dairy, culinary and infant nutrition category leadership; Britannia was the leading brand for biscuits and bakery; Varun Beverages was the biggest PepsiCo bottler in India; Tata Consumer was growing mainly by buying other companies and also through tea/coffee; Dabur was doing very well in the Ayurvedic/health foods segment; Parle Agro and Haldiram’s act as a duopoly in beverages and regional snacks respectively; AWL Agri (Adani Wilmar) was at the forefront of edible oils; Everest was the leader in spices; Mrs. Bectors and DS Group were specialized in the bakery and the diversified Indian Food and Beverages Industry respectively.

Indian Food and Beverages Market Scope:

Indian Food and Beverages Market Key Players –

1. ITC Limited

2. Hindustan Unilever Limited (HUL)

3. Nestlé India Limited

4. Britannia Industries Limited 

5. Varun Beverages Limited

6. Tata Consumer Products Limited

7. Dabur India Limited

8. Godrej Consumer Products (Food/Beverage arm)

9. AWL Agri Business (formerly Adani Wilmar)

10. Parle Agro

11. Haldiram’s (snacks, sweets, packaged foods + food service)

12. Mrs. Bectors Food Specialities

13. Everest Spices (spice products / ingredients)

14. Dharampal Satyapal Group (DS Group)

Frequently Ask Questions –

1)    Who are the major Key players of Indian Food and Beverages Market?

Ans - The Major Key players of Indian Food and Beverages Market are ITC Limited, Hindustan Unilever Limited (HUL), Nestlé India Limited, Britannia Industries Limited and Varun Beverages Limited.

2)     Which Region accounted highest share of the Indian Food and Beverages Market in 2024?

Ans – North India region accounted highest share of the Indian Food and Beverages Market.

3)     What was the market size of Indian Food and Beverages Market in 2024?

Ans - In 2024, market size of the Indian Food and Beverages Market was USD 437.63 Billion.

4)     Which Segment is expected to lead the market during forecast period?

Ans – Product Type Segment is the top segment hold the largest share in Indian Food and Beverages Market.

5)     What will be the market size of Indian Food and Beverages Market in 2030?

Ans - The market size of Indian Food and Beverages Market in 2030 will be USD 875.03 Billion.