According to the latest report by IMARC Group, titled “India Organic Food Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021-2026”, India Organic Food Market has reached a value of 815 million US dollars in 2020. Going forward, IMARC Group expects the market to grow at a CAGR of around 24% during 2021-2026.
As the novel coronavirus (COVID-19) crisis sweeps the world, we are continually monitoring changes in markets, as well as consumer buying behaviors around the world – our estimates on the latest market trends and values. forecasts after examining the impact of this pandemic. These observations will be incorporated into the report.
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Organic food products refer to agricultural and poultry products obtained using methods that comply with the various standards of organic farming. These items are largely produced without the use of synthetic pesticides, herbicides, insecticides, fertilizers, preservatives, genetically modified organisms (GMOs) and growth hormones. This not only helps deliver fresh, chemical-free products to end users, but also reduces pollution, improves soil fertility and minimizes soil erosion. These practices use recycled resources which further contribute to promoting ecological balance.
Market trends and drivers:
The Indian organic food market is primarily driven by the growing awareness among the masses of the many health benefits offered by consuming organic food. These products are rich in essential nutrients and antioxidants which are widely consumed to boost immunity. Coupled with the growing awareness of health care among the masses, this is giving a boost to the growth of the market. Rapid urbanization, swelling disposable income levels and increasing consumer spending capacity, especially on health and wellness products, are also major growth factors.
The market is further stimulated by the increasing initiatives undertaken by the Indian government to promote organic farming practices among farmers. The government provides assistance to farmers who adopt organic farming through many government programs, including the National Mission for Food Security (NFSM), the Mission for Integrated Horticulture Development (MIDH), the National Mission for Sustainable Agriculture (NMSA) and Rashtriya Krishi. Vikas Yojana (RKVY). Several public and private organizations also organize food exhibitions and festivals with the aim of providing budding organic food entrepreneurs with a platform to connect with consumers as well as retailers, thus creating many growth opportunities for new entrants. Another key factor contributing to the overall growth of the market is the substantial increase in foreign direct investment (FDI) in the food processing sector.
Competitive Analysis and Segmentation of India Organic Food Market 2021-2026:
Competitive landscape with key players:
The competitive landscape of the Indian organic food market has been studied in the report along with the detailed profiles of the major players operating in the market.
Some of these key players include:
Conscient Food Private Limited
Nature Pearls Pvt. Ltd.
Organic India Private Limited
Nature Bio-Food Limited
EcoFarms (India) Ltd.
Mehrotra Consumer Products Pvt. Ltd.
Feed Organic Foods Pvt Ltd
Phalada Agro Research Foundations Pvt. Ltd.
Suminter India Organics Private Limited
Key market segmentation:
The report has segmented the Indian organic food market on the basis of product types, distribution channel and region.
Market breakdown by type of product:
Cereals and organic food grains
Organic meat, poultry and dairy products
Organic spices and pulses
Organic processed foods
Organic fruits and vegetables
Market breakdown by distribution channel:
Supermarkets and hypermarkets
Market breakdown by region:
West and Central India
Explore the full report with table of contents and list of figures: https://www.imarcgroup.com/indian-organic-food-market
Highlights of the report:
Market performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market drivers and success factors
The impact of COVID-19 on the market
Value chain analysis
Complete mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
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