New Delhi: There has been significant jump in the number of Indians staying outside their homes for study and job. With their busy schedule they prefer to eat packaged food. Assessing the big market size, many multinational food giants are eying the Indian market.

Indian packaged food industry is likely to double to USD 30 billion by 2015, on the back of arrival of multinationals in the sector and modern retail trade, industry body Assocham said today.
At present, the market size of the sector stands at USD 15 billion, it said.
The main categories of packaged food are bakery products, canned/dried processed food, processed dairy products, frozen ready-to-eat foods, diet snacks, processed meat and pro-biotic drinks.
"Growing at a CAGR of about 15 to 20 percent annually, Indian packaged food industry is likely to touch USD 30 billion by 2015," it said.
Some key players in this industry are Hindustan Unilever, Nestle, PepsiCo and Haldiram, it added.
"Strong desire among consumers to maintain a healthy lifestyle is driving the functional foods and beverages market," the chamber said.