India Organic Food Market to Grow at 21.19% During 2024-2032, Spurred by Growing Health Consciousness Among Consumers

May 17, 2021 | Food & Beverages

According to the latest report by IMARC Group, titled "India Organic Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," the India organic food market is expected to exhibit a CAGR of 21.19% during 2024-2032. Organic food products refer to the agricultural produce and poultry products that are obtained by methods that comply with the various standards of organic farming. These items are largely produced without the usage of synthetic pesticides, herbicides, insecticides, fertilizers, preservatives, genetically modified organisms (GMOs) and growth hormones. This assists in not only offering fresh and chemical-free produce to end users but also aids in reducing pollution, improving soil fertility and minimizing soil erosion. These practices employ cycled resources that further help in promoting ecological balance.

India Organic Food Market Trends:

The market in India is primarily driven by the growing awareness among the masses regarding the numerous health benefits offered by the consumption of organic food. These products are rich in essential nutrients and antioxidants that are widely consumed to boost immunity. Coupled with the rising health consciousness among the masses, this is providing a thrust to the market growth. Rapid urbanization, inflating disposable income levels and the increasing consumer expenditure capacities, especially on health and wellness products, are also acting as major growth-inducing factors. The market is further driven by the growing initiatives undertaken by the Government of India to promote organic farming practices among farmers. The government is providing aid to the farmers who are adopting organic farming through numerous government schemes, including the National Food Security Mission (NFSM), Mission for Integrated Development of Horticulture (MIDH), National Mission for Sustainable Agriculture (NMSA), and Rashtriya Krishi Vikas Yojana (RKVY). Several public and private organizations are also organizing expos and food festivals in an attempt to provide budding organic food entrepreneurs a platform to connect with consumers as well as retailers, thereby creating numerous growth opportunities for new entrants. The substantial increase in foreign direct investment (FDI) in the food processing sector is another key factor contributing to the overall market growth.

Market Summary:

Based on the product type, the market has been divided into organic beverages, cereal and food grains, meat, poultry and dairy, spices and pulses, processed food, fruits and vegetables, and other products.
On the basis of the distribution channel, the market has been classified into supermarkets and hypermarkets, specialty stores, convenience stores, online, and others.
On the geographical front, the market has been segmented into North India, West and Central India, South India, and East India.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Suminter India Organics, Nature Bio Foods Limited, ORGANIC INDIA Pvt. Ltd., Sresta Natural Bioproducts Pvt.Ltd, Phalada Agro Research Foundations Pvt. Ltd., Mehrotra Consumer Products, Pvt. Ltd, Morarka Organic Foods Pvt. Ltd, Nature Pearls Pvt. Ltd, Conscious Food Private Limited, Nourish Organics Foods Pvt Ltd, Mother Earth, EcoFarms (India) Ltd, and ElWorld Agro & Organic Foods Pvt. Ltd.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Segment Coverage	Product Type, Distribution Channel, Region
Region Covered	North India, West and Central India, South India, East India
Companies Covered	Suminter India Organics Private Limited, Nature Bio-Foods Limited, Organic India Private Limited, Sresta Natural Bioproducts Pvt.Ltd, Phalada Agro Research Foundations Pvt.Ltd, ElWorld Agro & Organic Foods Pvt. Ltd., Mother Earth, Mehrotra Consumer Products Pvt.Ltd, Morarka Organic Foods Pvt.Ltd, Nature Pearls Pvt.Ltd, Conscious Food Private Limited, Nourish Organics Foods Pvt Ltd and EcoFarms (India) Ltd.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2299 Five User License: US$ 3399 Corporate License: US$ 4499
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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India Organic Food Market to Grow at 21.19% During 2024-2032, Spurred by Growing Health Consciousness Among Consumers

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