India Organic Food Market Forecast and Opportunities 2024

*As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

India Organic Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The Indian organic food market reached a value of US$ 704 Million in 2018. Organic food is the product of an agricultural system that avoids the application of man-made fertilisers, pesticides; growth regulators and livestock feed additives. Organic food gives consumers the assurance that toxic pesticides, synthetic fertilizers, genetically modified organisms (GMOs) are not used in the food production, and the livestock has not been given antibiotics or growth hormones. Moreover, organic food also insures that strict organic cultivation standards have been adhered to with respect to impact on soil, water, and air support environmental protection.

Idian organic Food Market

The market for organic food is currently exhibiting strong growth in India. A major factor driving the demand of organic food is the rising levels of health awareness in the country. Indian consumers have started giving attention to the nutrient content and the quality of the food they eat, thereby leading to a rising demand of organic food. Moreover, driven by factors such as strong economic growth, urbanization, and rising income levels, the consumer expenditure on health and wellness products have increased significantly. Additionally, the demand of organic food in India is also being catalysed by the strong support of the government. The Indian government is promoting organic farming by providing financial Support to farmers who are adopting organic farming under various government schemes such as Mission for Integrated Development of Horticulture (MIDH), National Food Security Mission (NFSM), National Mission for Sustainable Agriculture (NMSA), Rashtriya Krishi Vikas Yojana (RKVY) etc. Looking forward, we expect the Indian organic food market to grow at a CAGR of 20% reaching a value of US$ 2,091 Million by 2024.

Report Scope:

Historical, Current and Future Market Trends
Market Breakup by Region
- North India
- West and Central India
- South India
- East India
Market Breakup by Product Type
- Organic Beverages
- Organic Cereal and Food Grains
- Organic Meat, Poultry and Dairy
- Organic Spices and Pulses
- Organic Processed Food
- Organic Fruits and Vegetables
- Others
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Online
- Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Suminter India Organics Private Limited, Nature Bio-Foods Limited, Organic India Private Limited, 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, ElWorld Agro & Organic Foods Pvt. Ltd., etc.

Key Questions Answered in This Report:

How has the Indian organic food market performed so far and how will it perform in the coming years?
What are the key regional markets in the Indian organic food industry?
What is the breakup of the Indian organic food market on the basis of product type?
What is the breakup of the Indian organic food market on the basis of distribution channel?
What are the various stages in the value chain of the Indian organic food industry?
What are the key driving factors and challenges in the Indian organic food industry?
What is the structure of the Indian organic food industry and who are the key players?
What is the degree of competition in the Indian organic food industry?
What are the profit margins in the Indian organic food industry?

Report Coverage:

Base Year Considered: 2018
Historical Data Coverage: 2013-2018
Market Forecast: 2019-2024
Currency: US$
Geography Covered: India
Segments Covered: product type, distribution channel and region

This report provides a deep insight into the Indian organic food market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for organic food manufacturers, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian organic food market in any manner.

Report Customization: Although IMARC has tried to cover everything in the organic food market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20 man hours of free customization for each report.