India Food Technology Market Size & Outlook, 2023-2030

The food technology market in India is expected to reach a projected revenue of US$ 27,272.5 million by 2030. A compound annual growth rate of 14% is expected of India food technology market from 2024 to 2030.
Revenue, 2023 (US$M)
$10,910.5
Forecast, 2030 (US$M)
$27,272.5
CAGR, 2024 - 2030
14%
Report Coverage
India

India food technology market highlights

  • The India food technology market generated a revenue of USD 10,910.5 million in 2023 and is expected to reach USD 27,272.5 million by 2030.
  • The India market is expected to grow at a CAGR of 14% from 2024 to 2030.
  • In terms of segment, hardware was the largest revenue generating component in 2023.
  • Software is the most lucrative component segment registering the fastest growth during the forecast period.


Food technology market data book summary

Market revenue in 2023USD 10,910.5 million
Market revenue in 2030USD 27,272.5 million
Growth rate14% (CAGR from 2023 to 2030)
Largest segmentHardware
Fastest growing segmentSoftware
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHardware, Software, Services
Key market players worldwideDelivery Hero SE ADR, HelloFresh SE Bearer Shares, Swiggy, Flytrex, Miso Robotics, Carlisle Companies Inc, Lunchbox Technologies, Lex Nimble Solutions, Trax, Cubiq Foods


Other key industry trends

  • In terms of revenue, India accounted for 5.9% of the global food technology market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, India food technology market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 27,272.5 million by 2030.

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Food Technology Market Companies

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India food technology market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food technology market will help companies and investors design strategic landscapes.


Hardware was the largest segment with a revenue share of 41.88% in 2023. Horizon Databook has segmented the India food technology market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.


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Target buyers of India food technology market databook

  • Our clientele includes a mix of food technology market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of country-level data and insights on the India food technology market , including forecasts for subscribers. This country databook contains high-level insights into India food technology market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India food technology market size, by component, 2018-2030 (US$M)

India Food Technology Market Outlook Share, 2023 & 2030 (US$M)

India food technology market size, by component, 2018-2030 (US$M)

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