The milk processing market in India will increase at a CAGR of 20.5 percent, according to market intelligence firm, Netscribes.
India ranks among the top five markets in Asia Pacific in terms of beer volume sold, according to market research agency Research and Markets.
India is now one of the world’s fastest growing chocolate confectionery markets, with sales growing by 13 percent between 2015 and 2016, according to Mintel.
Indonesia is among the fastest growing processed meat and poultry markets globally with a CAGR of 26.7 percent, followed by India at 22 percent.
Takasago, a Japanese flavour and fragrance company, opened its research and development as well as manufacturing plant at One Hub in Chennai with an investment of US$10 million.
A large potential market for all domestic and international companies, the market will likely be worth INR61 trillion (US$895 million) by 2020, according to a government report.
To meet the increasing demand for high quality coding solutions throughout the region, the coding and marking specialist has appointed a number of new distributors.