Press Release

India Organic Food Market to Witness 23% CAGR

Increasing awareness about the benefits of organic food, rising disposable income and favorable government policies to drive India organic food market through 2023

According to a report released by TechSci Research, ‘India Organic Food Market By Product Type, Competition Forecast & Opportunities, 2013 – 2023’, the organic food market in India is forecast to exhibit a CAGR of more than 23% during 2018-2023. The market is anticipated to witness tremendous growth due to growing consumer consciousness towards healthy and natural food products coupled with rising availability of a variety of organic food products to choose from through retail as well as online channels. Suminter India Organics Private Limited, Nature Bio-Foods Limited, Organic India Private Limited, Sresta Natural Bioproducts Pvt. Ltd., Phalada Agro Research Foundations Pvt. Ltd. and Mehrotra Consumer Products Pvt. Ltd. are some of the major players operating in India organic food market.

Browse 46 market data Tables and Figures spread through 94 Pages and an in-depth TOC on"India Organic Food Market"

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With Cancer and even birth defects being linked to the consumption of food containing residues of chemicals (Fertilizers, Pesticides, Fungicides, Weedicides, etc.), consumer inclination towards organic food products is on the rise. In a survey conducted by TechSci Research, growing health awareness among consumers about the harmful effects of these chemicals is among the most important factors driving India organic food market. Increasing willingness to spend more on healthier food products, rising consumer awareness and inclination, especially of the youth, towards organic food and expanding urban population are anticipated to drive demand for organic food products in India through 2023. In 201, western and southern regions were the leading demand generating regions in India organic food market. Also, these regions are expected to experience huge demand for organic food throughout the forecast period, owing to rising population, changing lifestyles and increasing adoption of organic food by consumers of all age groups.

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“Rising awareness about health benefits associated with organic food products, increasing average household annual spending on food & beverages, rapid urbanization and greater accessibility of these products are anticipated to fuel the sales of organic food products across India in the coming years. Changing consumer preferences, improving supply chain network and implementation of initiatives to encourage farmers to switch to organic farming would also contribute towards the growth of the country’s organic food market over 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 & Opportunities, 2013 – 2023 has evaluated the future growth potential of India organic food market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in India organic food market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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Increasing awareness about the benefits of organic food, rising disposable income and favorable government policies to drive India organic food market through 2023

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