At present, food has moved beyond its basic purpose of satisfying one’s hunger. It has got an entrepreneurial spark and has developed into a food business. Different cuisines that are prevalent across the globe can now partake in the upcoming small food businesses. To gain traction, restaurateurs and food entrepreneurs come up with authentic cuisines that serve a glimpse of different cultures and food practices.
According to IBEF, “ The food industry, which is currently valued at US$ 39.71 billion is expected to grow at a Compounded Annual Growth Rate (CAGR) of 11 per cent to US$65.4 billion by 2018. Food and grocery account for around 31 per cent of India’s consumption basket.”
As the food segment shows a promising surge, aspiring entrepreneurs can set foot into this industry and start their venture. Some of the lucrative food businesses are:
1. Fitness Meal Prep Business
In today’s time, people have become health conscious and switched to healthy food. Moreover, they have joined gyms and engrossed themselves in physical activities. Besides exercising, they have adopted the healthy and less-calorie diet.