India’s $600 billion food market grows at 7% CAGR, food processing given importance: Official

Stating that protein was particularly relevant given India’s large vegetarian population, the official said there was a need to meet growing protein requirements.India’s food market, estimated at $550–$600 billion is growing at 6–7% CAGR, supported by economic growth and urbanisation, Devesh Deval, Joint Secretary, Ministry of Food Processing Industries said.