By 2020 it is expected that 35 per cent of India's population will be in urban areas by 2020 totalling to 52 crores compared to the current urban population of 34 crores.
Experts also said that food start-ups would continue to thrive for five years and the popular one will be Zomato, Quinto, ChefHost, MeDine, Momoe, DineOut, BigBasket, HalfTeaSpoon, Eatlo and Fresh Menu.
According to the report, the food delivery segment is growing at a fast pace and constituted 17 per cent of the overall "other online services" that stood at Rs 2,025 crore in 2014.
Lately, the Food Safety and Standards Authority of India (FSSAI) has reduced permitted trans-fats content in edible fats and oils in the country from 10 to 5 per cent.
And in some cases, healthy foods contain more chemicals than processed sweets. In an example, a banana is shown containing more than 50 chemicals from riboflavin to histidine.
According to the Japanese financial services firm, the next logical step for FSSAI would be to tighten the labelling, packaging and testing norms for the entire sector, which in turn is positive for the consumer.
The report also focuses on how to improve 'Ease of Doing Business' in the food and beverages sector and make it more attractive for both Indian and foreign investors.
Global food giants such as Mars, Mondelez, PepsiCo and Kraft Foods have also been supplying their food items and are among the major food additives consumers in India.
Race Together is not a solution, Schultz acknowledged, "It is an opportunity to begin to re-examine how we can create a more empathetic and inclusive society- one conversation at a time."