India Organic Food Market Size To Grow At A CAGR Of 22% Between 2023 And 2028
The ‘India Organic Food Market Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the India organic food market growth, assessing the market on the basis of its segments like product types, distribution channels, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): Around USD 1238 Million
- Forecast CAGR (2023-2028): 22%
- Forecast Market Size (2028): Nearly USD 4082 Million
The India organic food market development is progressing at a significant rate owing to the rising health awareness among consumers and growing incidences of food adulteration. In addition, the rapid development of the e-commerce sector provides lucrative growth opportunities to the market as consumers can avail a wide range of organic food products easily.
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Indian consumers are increasingly becoming health-conscious, which plays a major role in the India organic food market growth. Consumers are turning to organic food as a healthier option than traditional food as they do not contain preservatives, pesticides, and other artificial ingredients.
Given that organic food has several advantages for consumers, its demand is likely to increase over the forecast period. The high nutritional value of organic food is also significantly driving its demand among health-conscious consumers. Studies suggest that organic foods can contain more antioxidants than foods cultivated conventionally, making them healthier overall and more effective to avoid diseases like cancer.
Concerns regarding the safety of conventional food have grown recently, especially in relation to pesticide residues and chemical pollutants. This has propelled the popularity of organic food, making it more and more popular among consumers as a safer and better option.
Industry Definition and Major Segments
Fresh or processed foods that have been produced utilising organic farming practices are known as organic foods. Organic farming refers to the growing of plants without the use of artificial fertilisers, pesticides, growth regulators, or feed additives for livestock.
Although it is noteworthy that organic foods are not completely free of chemicals, but the residues are at much lower levels when compared to produce manufactured.
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The India organic food market, based on product type, can be divided into:
- Organic Beverages
- Organic Cereal and Food Grains
- Organic Meat, Poultry and Dairy
- Organic Spices and Pulses
- Organic Processed Food
- Organic Fruits and Vegetables
- Others
Based on distribution channel, the market can be segmented into:
- Supermarkets and Hypermarkets
- Speciality Stores
- Convenience Stores
- Online
- Others
The major regions in the market include:
- North India
- East and Central India
- West India
- South India
India Organic Food Market Trends
One of the key India organic food market trends include the introduction of favourable government initiatives aimed at encouraging organic farming. As part of such initiatives, organic agricultural clusters are established, organic farmers are given financial assistance, and numerous campaigns such as the Mission for Integrated Horticulture Development (MIDH), National Food Security Mission (NFSM), NMSA, and Rashtriya Krishi Vikas Yojana (RKVY) are introduced.
With rising disposable incomes, Indian consumers are willing to spend more on healthy and sustainably sourced food products, aiding the India organic food market development. Also, consumers are becoming more environmentally conscious and looking for more sustainable alternatives to reduce the environmental impact of conventional farming. Organic farming is perceived as a more environmentally friendly and sustainable method of producing food, thus surging the popularity of organic food products.
Key Market Players
The major players in the India organic food market report include Suminter India Organics Private Limited, Organic India Pvt. Ltd., Sresta Natural Bioproducts Pvt.Ltd., Pro Nature Organic Foods Pvt Ltd, Nature Bio-Foods Limited, Avadata Organics, Nourish Organic Foods Pvt. Ltd., Rattan Organic Foods Pvt. Ltd., Phalada Pure & Sure, and Mehrotra Consumer Products Pvt. Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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