Agriculture Industry in India to Reach INR 236,603.2 Billion by 2033, Impelled by Escalating Demand for Agricultural Products

February 12, 2025 | Agriculture

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IMARC Group’s latest report, titled “Agriculture Industry in India Report by Subsectors (Farming, Agriculture Equipment, Fertilizers, Pesticides, Warehousing, Cold Chains, Food Processing, Dairy Market, Floriculture, Apiculture, Sericulture, Seeds, Fisheries, Poultry, Animal Husbandry, Animal Feed, Bio-Agriculture Market) 2025-2033,” finds that the agriculture industry in India reached a value of INR 99,689.0 Billion in 2024. The agriculture industry in India represents the most important sector of the Indian economy and the largest source of livelihood and employment for the majority of the country’s population. It is mainly involved in cleaning, processing, storing, and packaging various products obtained from agricultural production. It includes dairies, growing crops, raising fish and animals, and logging wood. It also comprises businesses that support agriculture practices by producing seeds, fertilizers, pesticides, and farming equipment. Besides this, the agriculture industry in India includes warehousing, cold chain, food processing, fisheries, poultry, animal husbandry, and sericulture.

Agriculture Industry in India Trends:

In India, the escalating demand for agricultural products due to the expanding population, rapid urbanization, and elevating income levels represents the primary factor driving the market growth. Additionally, the government of India is introducing supportive initiatives, such as offering credit facilities for farmers, crop insurance schemes, and lucrative incentives for the movement of agriculture products by air transport to improve the overall production and agricultural infrastructure. In line with this, the rising penetration of the organized food retail sector across the country that offers a wide range of products directly or indirectly related to the agriculture industry is positively influencing the market growth. Furthermore, the shifting consumer inclination toward organic agricultural products and the increasing usage of agrochemicals and high-yielding seeds are other major growth-inducing factors. Besides this, recent technological advancements, such as the surging usage of drones and robots, artificial intelligence (AI), blockchain, remote sensing, and geographic information system (GIS) technologies, for monitoring, crop stress detection, and pathogen detection, have propelled the market growth. Other factors, including modernization and mechanization of the agriculture sector, rapid digitization, easy loan facilities, rising adoption of contract farming, and increasing exports, are also creating a favorable market outlook. Looking forward, IMARC Group expects the market value to reach INR 236,603.2 Billion by 2033, expanding at a CAGR of 10.08% during 2025-2033.

Market Summary:

Based on the subsectors, the market has been segmented into farming, agriculture equipment, fertilizers, pesticides, warehousing, cold chains, food processing, dairy market, floriculture, apiculture, sericulture, seeds, fisheries, poultry, animal husbandry, animal feed, and bio-agriculture market.
The competitive landscape of the market has also been examined, with some of the key players being DuPont India, Rallis India Limited (Tata Chemicals Limited), Nuziveedu Seeds Limited, Godrej Agrovet Limited, Nestle India Limited, Advanta Seeds, Parle Products Pvt. Ltd., Britannia Industries Limited, and IFFCO.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	INR Billion
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Subsectors
Subsectors Covered	Farming, Agriculture Equipment, Fertilizers, Pesticides, Warehousing, Cold Chains, Food Processing, Dairy Market, Floriculture, Apiculture, Sericulture, Seeds, Fisheries, Poultry, Animal Husbandry, Animal Feed, and Bio-agriculture Market
Companies Covered	DuPont India, Rallis India Limited (Tata Chemicals Limited), Nuziveedu Seeds Limited, Godrej Agrovet Limited, Nestle India Limited, Advanta Seeds, Parle Products Pvt. Ltd., Britannia Industries Limited and IFFCO
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Agriculture Industry in India to Reach INR 236,603.2 Billion by 2033, Impelled by Escalating Demand for Agricultural Products

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