Apeejay Institute of Hospitality, established in the year 2007, is committed to bridging the gap between academics and industry, by providing quality human resources and infrastructure to the hospitality business. This promise comes from a Group that has been closely associated, for almost fifty years, with both education and hospitality in the country-the Apeejay Surrendra Group. 
What is Food and Beverage Industry in India?
India has seen an increase in profits from the food and beverage industry in the last few years. This industry consists of about 3% of the total GDP of the country. Experts estimate that this industry will grow by 15% and earn around $1265 million by the year 2024.
Due to the increase in the use of online food apps, the food and beverage industry is growing every year. According to the latest study, the food and beverage industry is in high demand and many customers order food from online food delivery apps. This blog describes about food and beverage industry in the country and the latest developments in this industry.
Factors responsible for the growth of the food and beverage industry
Many factors contribute to the growth of the food and beverage industry in India such as:
- Growth in urbanization and development in urban areas
- Changing food habits and lifestyle of people
- Growing dependence of customers on online food apps
- Increase in new restaurants and food corners
Some other factors are also contributing to the growth of the food and beverage industry such as foreign investment in the restaurant industry. Many entrepreneurs are investing their funds in this industry every year to introduce new types of food items and beverages.
Recent market size of the Indian Food and beverage industry
The latest stats show that the Indian food and beverage industry is making huge profits day after day. This has led to the rise of the entry of foreign companies into the food and beverage industry.
It is estimated that the number of users in the food and beverage industry will be around 347 million by the year 2025. It is necessary to follow the recent trends in this industry if you want to grow your business in a few years.
Current trends that contribute to the food and beverage industry in India
Many trends are helping to grow the food and beverage industry in India such as:
1. Growing profits in the dairy industry
The Indian dairy industry has seen tremendous growth in the current times. The major reason for this growth is the increase in the use of milk products by the customers like frozen desserts and ice cream.
2. Increase in the use of packaged foods
Experts say that the consumption of packaged foods will increase in India in the next few years. The growth of e-commerce businesses and the economy are responsible for the growing demand for packaged foods.
3. Increase in the bakery industry
Indians are consuming more biscuits, cookies, and other baked items. The bakery market will earn around $882.24 million by the year 2024. Many foreign brands are collaborating with Indian companies to expand the bakery segment in the country.
Final words
These are some of the latest trends that help to grow the food and beverage industry in the country. Indian companies have to find some more unique ways to expand the food and beverage industry in the country. They can collaborate with several brands and get a higher ROI with unique tricks.