7 Reasons Why Indian Food Export Companies Are Booming
Indian food export companies are making a mark in the global market with their high-quality products, diverse offerings, and competitive prices. Here are some of the reasons why Indian food export companies are booming and how they can help you grow your business.
1. India is a major producer of agricultural commodities and spices.
India is one of the largest producers of agricultural commodities such as rice, wheat, pulses, oilseeds, fruits, vegetables, and spices. India accounts for about 25% of the world’s spice production and exports. India also has a rich and varied cuisine that reflects its cultural diversity and regional specialties.
2. Indian food export companies offer a wide range of products and services.
Indian food export companies offer a wide range of products and services to cater to the different needs and preferences of the global consumers. Whether you are looking for grains, cereals, pulses, spices, fruits, vegetables, oilseeds, floriculture, herbs, or processed foods, you can find them all from Indian food export companies. Some of the popular products exported by Indian food export companies are basmati rice, tea, coffee, cashew nuts, mangoes, pickles, sauces, snacks, ready-to-eat meals, and more.
3. Indian food export companies follow international quality standards and certifications.
Indian food export companies follow international quality standards and certifications to ensure that their products are safe, hygienic, and authentic. Indian food export companies undergo quality assurance tests and inspections by various agencies such as APEDA, FSSAI, ISO, HACCP, BRC, HALAL, KOSHER, etc. Indian food export companies also comply with the regulations and requirements of the importing countries.
4. Indian food export companies offer competitive prices and value for money.
Indian food export companies offer competitive prices and value for money to their customers. This is because of the low cost of labor and raw materials in India, as well as the economies of scale achieved by the large-scale production and export of food products. Indian food export companies also offer discounts, incentives, and flexible payment terms to their customers.
5. Indian food export companies have a global presence and network.
Indian food export companies have a global presence and network that enables them to reach out to customers across different continents and regions. Indian food export companies have offices, warehouses, distributors, agents, and representatives in various countries such as the USA, Canada, Europe, Middle East, Africa, Asia-Pacific, etc. Indian food export companies also participate in various trade fairs, exhibitions, seminars, and conferences to showcase their products and services.
6. Indian food export companies provide market analysis and up-to-date information.
Indian food export companies provide market analysis and up-to-date information to their customers to help them make informed decisions. Indian food export companies conduct regular research and surveys on the market trends, consumer behavior, preferences, demand-supply gap, competition analysis, etc. Indian food export companies also update their database with the latest information on the market regulations, policies, tariffs, quotas, etc.
7. Indian food export companies offer reliable and trusted services.
Indian food export companies offer reliable and trusted services to their customers. Indian food export companies have a reputation for delivering high-quality products on time and in good condition. Indian food export companies also provide after-sales support and customer care to their customers. Indian food export companies maintain a long-term relationship with their customers based on trust and transparency.
If you are looking for a reliable partner to source your food products from India, contact Pisum Foods Services Pvt Ltd, one of the leading food export companies in India. Pisum Foods offers you various types of food export as well as spices export from India with best quality and affordable rates.
Indian Food Export Companies: A Statistical Analysis
India is one of the world’s largest producers and exporters of agricultural and processed food products. According to the Agricultural and Processed Food Products Export Development Authority (APEDA), India’s exports of these products rose by 13 percent in the nine months of the current Financial Year 2022-23 (April-December) in comparison with the corresponding period of FY 2021-22 . In this blog post, we will analyze some of the key trends and factors that have contributed to this growth and the challenges and opportunities that lie ahead for the Indian food export industry.
Basmati Rice: The Star Performer
Basmati rice is a premium variety of long-grained aromatic rice that is cultivated mainly in the northern states of India. It is highly valued in the international market for its quality, fragrance, and flavor. Basmati rice exports witnessed a growth of 40.26 percent in nine months of FY 2022-23 as its export increased from USD 2379 million (April-December 2021) to USD 3337 million (April-December 2022) . This remarkable performance can be attributed to several factors, such as:
- Increased demand from traditional markets like Iran, Saudi Arabia, Iraq, and UAE, as well as new markets like Australia, Canada, and the US.
- Improved production and productivity due to favorable weather conditions, adoption of high-yielding varieties, and better farm practices.
- Enhanced quality assurance and traceability systems implemented by APEDA and other agencies to ensure compliance with the standards and regulations of importing countries.
- Competitive pricing and branding strategies adopted by Indian exporters to differentiate their products from other origins.
Processed Fruits and Vegetables: The Emerging Segment
Processed fruits and vegetables (F&V) include products like juices, jams, pickles, sauces, dried fruits, frozen fruits, etc. that undergo various processes like washing, peeling, slicing, drying, freezing, canning, etc. to increase their shelf life and value addition. Processed F&V exports jumped to USD 1472 million in nine months of the current fiscal from USD 1129 million in the corresponding months of the previous year, registering a growth of 30.36 percent . Some of the factors that have driven this growth are:
- Rising demand for healthy, convenient, and ready-to-eat products in the global market due to changing lifestyles and preferences of consumers.
- Increased availability and affordability of raw materials, processing technologies, packaging materials, and cold chain infrastructure in India.
- Diversification of product portfolio and market reach by Indian exporters to cater to different segments and regions.
- Government support and incentives for promoting exports of processed F&V under various schemes like Production Linked Incentive Scheme for Food Processing Industry (PLISFPI), Mega Food Park Scheme, etc.
Challenges and Opportunities for the Future
The Indian food export industry has shown resilience and dynamism in the face of the COVID-19 pandemic and other challenges like trade barriers, quality issues, logistics constraints, etc. However, there is still a lot of scope for improvement and expansion in this sector. Some of the challenges and opportunities for the future are:
- Enhancing the competitiveness and sustainability of the sector by adopting best practices in production, processing, packaging, marketing, etc. and ensuring compliance with environmental, social, and ethical standards.
- Exploring new avenues and niches for exports like plant-based foods, organic foods, ethnic foods, functional foods, etc. that have high potential in the global market. According to a report by Good Food Institute India (GFI India), the potential export market value in India is highest for plant-based meat with over 68 billion Indian rupees in 2030 .
- Leveraging digital technologies and platforms like e-commerce, blockchain, artificial intelligence, etc. to enhance efficiency, transparency, traceability, and customer engagement in the sector.
- Strengthening collaboration and partnership among various stakeholders like farmers, processors, exporters, government agencies, research institutions, etc. to create a conducive ecosystem for innovation and growth in the sector.
References:
http://fortune.com/global500/list/
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=25720069
https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1897723
https://www.ibef.org/industry/indian-food-industry/showcase
https://www.statista.com/statistics/1347204/india-plant-based-food-estimated-export-market-value/
https://www.trade.gov/country-commercial-guides/india-food-and-agriculture-value-chain
https://pisumfoods.com/
https://www.ibef.org/industry/indian-food-industry/showcase
https://businessconnectindia.in/top-10-food-companies-in-india-2021/
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