Project report for Instant and Precooked Food Mix Manufacturing

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Introduction

In India, The product with good taste as per the local demand is favourable for this project. Instant and precooked food products may cover the wide range of delicious Indian recipes, to give a taste of food which tastes just like fresh home cooked food. It is ready to help in the kitchen for authentic taste, a variety of choices in different Indian cuisines and high on convenience. Instant precooked foods involve Soups, Vegetable curries, Paneer gravies and various rice items. Frozen food covers a wide range of ready-to-serve food that requires no further cooking before they are ready for human consumption. Frozen ready-to-serve food is served by many food caterers, hotels, restaurants, fast food chains, food centres. They are also distributed to supermarkets for public consumption.

Instant foods are convenience foods which require minimal preparation, typically just adding water or milk. "Instant" food is requiring less than five minutes of preparation and "ultra-instant food" as requiring less than one minute. Instant foods are often dehydrated, freeze-dried, or condensed. Instant and precooked foods business is one of the fastest growing foods businesses in India. Foods business is today represented in multiple categories in the market - Staples, Spices, Ready-to-Eat, and Snack Foods, Bakery & confectionery and the newly introduced Juices & Beverages. Among them, instant and precooked foods is a new concept. One with the commitment to the health and safety to the highest levels of quality, safety and hygiene standards in manufacturing processes should start this type of product manufacturing units.

Market potential & Strategy

The Indian food and grocery market is the world’s sixth largest, with retail contributing 70 per cent of the sales. The Indian food processing industry accounts for 32 per cent of the country’s total food market, one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth. It contributes around 8.80 and 8.39 per cent of Gross Value Added (GVA) in Manufacturing and Agriculture respectively, 13 per cent of India’s exports and six per cent of total industrial investment. The Indian gourmet food market is currently valued at INR 94.71 billion and is growing at a Compound Annual Growth Rate (CAGR) of 20 per cent. India's organic food market is expected to increase by three times by 2028.

Instant and precooked foods items have a very good scope, as the young generation are working and have little or no knowledge of preparing foods at home. Both this, time and knowledge is the key factor for the success of marketing the Instant and precooked foods items. The domestic market for Instant and precooked food industry has estimated the growth rate of 25% and 40% in the metropolitan and town cities. As per industry estimates by the year 2020, Indian market for instant pre-cooked foods products will be more than INR 1000 Crores, with West India leading in buying, and Mumbai is the biggest market of processed foods valuing around INR 600 Crores.

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