Friday, 15 January, 2021, 12 : 00 PM [IST]
Dr Prakash Kondekar
Indiaâs Food Processing Industry contributes 13 to 14 per cent of Total GDP. To maintain a balance between the demands to cost, to produce high-quality food that is safe and nutritious can be a challenge. The market size of the food and beverages industry across the nation was estimated to be around US$46 billion in 2020.
Agro food processing remains an investment opportunity in Europe.These continued investment in areas like, biotechnological-agriculture, agricultural-robotics, organic foods etc. Farming market is expected to reach $7.8 billion by 2022, registering a CAGR of 14.9 per cent during the forecast period 2016 â 2022.
The sudden and significant spread of Coronavirus has thrown food industry into a state of flux, due to fluctuating demand for food supplies.The challenges are numerous. Current situation needs global food system, to change. Before Covid-19 struck, that 50 per cent of food production was at risk due to climate change. Also, 20 per cent of agricultural land was classified as degraded and was expected 70 per cent increase in food demand by 2050.Truth is that now fewer than 60 harvests left to get this right, based on FAOâs estimates on soil degradation.