Most of the economically growing countries in Asia have low level of processed food as compared to western countries, but due to positive market forces, its all set to boom.
The Indian food processing industry is basically export oriented. Although domestic consumption of processed food is low, it is fast picking up with rising income levels & changing consumer behaviour.
In 2004, the market recorded total sales of $157Bn. Therefore, processed food in China is expected to grow appreciably. The growth rate would be 7 percent during 2004-09.
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