India is one of the world’s largest consumers of tea with approximately 70-80% of the tea produced consumed by the domestic market. The tea industry in India is tremendously growing attributed to strong geographical indications, heavy investment in tea processing units, continuous innovation, and market expansion.
India’s nutraceutical industry is expected to grow at a 10.3% growth rate during 2020-2026. The key factors that accelerate the growth of the market in the country are rising per capita income, awareness related to health, high prevalence of chronic diseases, and easy availability of nutraceuticals.
Agriculture is the primary source of livelihood for more than 50% of people in India. The food industry in India is poised for huge growth and is increasing its contribution to world food trade each year owing to its immense potential for value addition, particularly within the food processing industry.