New Delhi, July 16 -- India's food processing sector is entering a value-led growth phase with the potential to become a USD 600 billion industry by 2030, driven by higher value addition, innovation, technology adoption and export-led growth, according to a FICCI-Deloitte report.

The report said the sector is moving away from a supply-led, volume-driven model towards a consumer-centric and value-focused growth engine. It noted that while India has strong demand fundamentals, the next phase of growth will depend on expanding food processing, strengthening value-added manufacturing, encouraging innovation, widening distribution channels and improving export competitiveness.

Highlighting the long-term opportunity, the report said, "India's...