Goyal Salt expands product portfolio with launch of black salt
The major destination of RTE export as per 2020-21 data is U.S.A (18.73%)
India’s export of final consumer food products such as Ready to Eat (RTE), Ready to Cook (RTC) and Ready to Serve (RTS) under the Agricultural and Processed Food Products Export Development Authority (APEDA) basket has registered a significant growth in the last one decade.
With the Ministry of Commerce & Industry laying thrust on value addition of products for exports, the food products under the RTE category have registered an Compound Annual Growth Rate (CAGR) of 12 per cent in the last one decade and the share of RTE in APEDA export has increased from 2.1 per cent to 5 per cent during the same period.
The export of products under RTE, RTC and RTS segment have registered an CAGR of 10.4 per cent from 2011-12 to 2020-21. India exported more than $ 2.14 billion worth of final food products in 2020-21. Since final food products are time saving and readily available, the demand for food items under the categories of RTE, RTC and RTS has increased manifold in recent years.
The products covered under RTE category, includes Biscuits & Confectionery, Jaggery, Breakfast Cereals, Wafers, Indian Sweets and Snacks, Pan Masala & Betal Nuts etc. The Biscuits and Confectionery and Indian Sweets and Snacks constitute a major share of 89% in the RTE export in 2020-21.
The major destination of RTE export as per 2020-21 data are U.S.A (18.73%), U.A.E (8.64%), Nepal (5%), Canada (4.77%), Sri Lanka (4.47%), Australia (4.2%), Sudan (2.95%), U.K (2.88%), Nigeria (2.38%), Singapore (2.01%).