India's food processing market to hit $600 bn by 2030: Report

India's processed food market is expected to nearly double to $600 billion by 2030 from around $300 billion in 2023, according to a joint report by FICCI and Deloitte. Demand for packaged foods is being fuelled by urbanisation, the rise of nuclear families and expanding digital access. Nutritional and functional food categories are growing at 15-20% annually.