Organic Food Market in India to Witness CAGR 25% Till 2021: TechSci Research Report
NEW YORK, September 20, 2016 /PRNewswire/ --
Increasing land area under organic cultivation, rising use of bio fertilizers and implementation of favorable policies for increasing production of organic products to drive India organic food market through 2021
According to TechSci Research report, "India Organic Food Market By Product Type, Competition Forecast and Opportunities, 2011 - 2021", India organic food market is anticipated to grow at a CAGR of over 25% during 2016-2021, due to increasing use of synthetic chemical fertilizers and pesticides in non-organic products that lead to various health issues such as cancer, obesity and birth defects. Consumers are opting for organic food products, on account of growing health consciousness. Moreover, the government is making efforts to increase adoption of organic food, by the way of launching various policies and expanding land area under organic cultivation over the next five years.
Browse 20 market data Tables and 19 Figures spread through 119 Pages and an in-depth TOC on
"India Organic Food Market"
Organic pulses and food grains dominated demand for organic food in the country in 2015 and the segment is anticipated to continue dominating the market through 2021. The westerns states in the country dominated the demand for organic food on account of high disposable income and changing lifestyle. However, other states in the country are also anticipated to contribute to the growth of the organic food market in the country, on account of increasing population of high net worth individuals which has already crossed 236 thousand in 2015.
Few of the leading players operating in organic food market in India includes Organic India, Conscious Food, EcoFarms India, Morarka Organic Foods and Sresta Natural Bio products.
Figure: India Percentage of HNWI's Consuming Organic Food, By City, 2014-2015
Cities Percentage of HNWI Mumbai 65% Delhi-NCR 61% Bangalore 58% Ahmedabad 55% Hyderabad 52% Chandigarh 51% Indore 50%
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"India is a country with high agricultural biodiversity and favorable agro-climatic conditions, which are conducive for organic agriculture. A number of farmers are adopting organic agricultural practices in order to get better monetary yields from their output. Moreover, Indian organic food manufacturers have been focusing on improving quality of organic food over the last few years which is anticipated to strengthen consumers' trust in organic food products in the country. In addition, the leading players in the market are also using various media platforms to popularize organic food products in the country and this is anticipated to propel demand for organic food products in the coming years.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Organic Food Market By Product Type, Competition Forecast and Opportunities, 2011 - 2021" has evaluated the future growth potential of India organic food market and provides statistics and information on market structure, size, share, forecast and future growth potential of organic food market in India. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses emerging trends along with essential drivers, challenges and opportunities in the India organic food market.
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