New Delhi, June 25 -- The Indian food processing industry is projected to grow at a compound annual growth rate (CAGR) of 12.5 per cent from 2023 till 2030, to USD 700 billion from USD 389 billion in 2025, according to a report by RUBIX.

The report further adds that this expansion was attributed towards a combination factors such as proactive government initiatives, evolving consumer lifestyles, and a wave of product innovations across the sector.

Additionally, India's robust agricultural foundation provides a strong base for this growth, with the country being the largest producer of milk, millets, pulses, and rice globally.

The food processing industry's contribution to India's economy is substantial, accounting for approximately 8.8...