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India Organic Food Market, Forecast and Opportunities 2026

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 FY2026. https://bit.ly/3lJL9aF

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India Organic Food Market, Forecast and Opportunities 2026

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  1. FY2016 – FY2026 INDIA ORGANIC FOOD MARKET FORECAST AND OPPORTUNITIES Published: February 2021 www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

  2. Scope of Report Product of Interest (POI): Organic Food India organic food market is expected to grow at a double digit CAGR until 2026, on account of favorable government policies supporting organic farming coupled with increasing land area under organic cultivation. Online availability of organic food products and shifting consumer preferences towards healthier food options are major factors boosting demand for organic food products in India. Market Segmentation Year Range PRODUCT TYPE REGION Organic Beverages North • • Organic Cereal and Food South • • Review Period Grains East • FY2016 – FY2019 Organic Meat, Poultry and West • • Dairy Base Year Organic Spices and Pulses • FY2020 DISTRIBUTION CHANNEL Organic Processed Food • Modern Retail Channel Organic Fruits and • • Estimated Year Traditional Retail Vegetables • FY2021 Channel Other Organic Food • E-Commerce Products • Forecast Period Institutional/Direct • FY2022 – FY2026 Sales 2

  3. Scope of Report Product of Interest (POI): Organic Food Organic Food Products Segmentation Fruits & Vegetables - All Segments Meat, Poultry & Dairy Products - Adults & Infants Organic Food Products Organic without the use of pesticides, synthetic fertilizers, sewage sludge and GMOs. Environment friendly methods are used to produce them. food products are grown Processed Food - Youth Bread & Bakery - All Segments Beverages - All Segments Organic Meat, Poultry and Dairy Products Organic Fruits & Vegetables Organic Beverages Other Organic Food Products Organic Bread & Bakery Organic Processed Food Products 3

  4. Table of Contents S. No. Contents 1. 2. 3. 4. 5. 6. Product Overview: Organic Food Research Methodology Impact of COVID-19 on India Organic Food Market Executive Summary Voice of Customer India Organic Food Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value 6.2. Market Share & Forecast By Product Type (Organic Beverages, Organic Cereal and Food Grains, Organic Meat, Poultry & Dairy, Organic Spices & Pulses, Organic Processed Food, Organic Fruits and Vegetables and Other Organic Food Products) 6.2.1. By Distribution Channel (Modern Retail Channel, Traditional Retail Channel, E-commerce, Institutional/Direct Sales) 6.2.2. 6.2.3. By Company 6.2.4. By Region 6.3. Product Market Map, By Product Type India Organic Fruits and Vegetables Market Outlook 7. 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Distribution Channel 7.3. Pricing Analysis 8. India Organic Spices and Pulses Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Distribution Channel 8.3. Pricing Analysis 4

  5. Table of Contents S. No. Contents 9. India Organic Cereal and Food Grains Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value 9.2. Market Share & Forecast 9.2.1. By Distribution Channel 9.3. Pricing Analysis 10. India Organic Beverages Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value 10.2. Market Share & Forecast 10.2.1. By Distribution Channel 10.3. Pricing Analysis 11. India Organic Processed Food Market Outlook 11.1. Market Size & Forecast 11.1.1. By Value 11.2. Market Share & Forecast 11.2.1. By Distribution Channel 11.3. Pricing Analysis 12. India Organic Meat, Poultry and Dairy Market Outlook 12.1. Market Size & Forecast 12.1.1. By Value 12.2. Market Share & Forecast 12.2.1. By Distribution Channel 12.3. Pricing Analysis 5

  6. Table of Contents S. No. Contents 13. India Other Organic Food Market Outlook 13.1. Market Size & Forecast 13.1.1. By Value 13.2. Pricing Analysis 14. Market Dynamics 14.1. Drivers 14.2. Challenges 15. Market Trends and Developments 16. Policy and Regulatory Landscape 17. India Economic Profile 18. Competitive Landscape 18.1. Suminter India Organics Private Limited 18.2. Nature Bio-Foods Limited 18.3. Organic India Private Limited 18.4. Sresta Natural Bioproducts Pvt. Ltd. 18.5. Phalada Agro Research Foundations Pvt. Ltd. 18.6. Mehrotra Consumer Products Pvt. Ltd. 18.7. Morarka Organic Foods Pvt., Ltd. 18.8. Nature Pearls Pvt Ltd 18.9. Conscious Food Private Limited 18.10. Nourish Organics Foods Pvt. Ltd. 19. Strategic Recommendations 20. About Us & Disclaimer 6

  7. RESEARCH METHODOLOGY RESEARCH METHODOLOGY 7 © TechSci Research

  8. Research Methodology Data Data Data Analysis Market Profiling Developing List of Respondents Formulating Questionnaire Collection Validation In-depth research conducted determine top players in the India organic food market, overall market size segmental size. secondary The scrutinized using MS- Excel, statistical tools and proprietary to obtain and quantitative insights about India organic market. data was Data obtained as a result primary secondary research validated through rigorous triangulation. TechSci conducted interviews industry and players for collection verification. In conduct experts’ interviews, TechSci formulated detailed discussion guide. order to List players industry specialists developed. of industry was to of with industry and and experts industry data internal database qualitative was was a and and market the food Primary Research Desk Research Company Analysis Recent Developments Market Changing Aspects/Dynamics Government Policies Conclusion ✓ ✓ Market Participants Key Strengths ✓ ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews ✓ Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations ✓ Regulatory Body ✓ Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 8

  9. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of India organic food market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as favorable government policies supporting organic farming coupled with increasing land area under organic cultivation. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in India organic food market. Methodology Followed for Calculation of Market Size: Market Size By Value : Market size, in terms of value & volume, for the year FY2020 was calculated based on information collected through • exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as organic food manufacturers, suppliers, channel partners, end users, industry experts and other industry participants. The team interviewed more than 30 organic food manufacturers & suppliers, 180 – 200 end users, and 15 – 20 industry experts and other value • chain stakeholders in the India organic food market to obtain the overall market size from FY2016 to FY2020. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during FY2016-FY2020. Respondents were asked about the current and future market growth rates, market shares by product type, by distribution channel, by region • and by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. 9

  10. Research Methodology Methodology Followed for Calculation of Market Shares: Market shares by product type, by distribution channel, by region and by company were calculated based on the responses received • through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of organic food market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in • SPSS/Tableau Software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India organic • food market, TechSci Research used various forecast techniques such as: Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis ✓ 10

  11. Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. Partial List of Companies Interviewed Key Secondary Sources ElWorld Agro & Organic Foods Pvt. Ltd. The Agricultural and Processed Food Products Export ▪ ▪ Suminter India Organics Private Limited Development Authority (APEDA) ▪ Nature Bio-Foods Limited World Bank ▪ ▪ Organic India Private Limited TechSci Research Proprietary Database & Knowledge ▪ ▪ Sresta Natural Bioproducts Pvt. Ltd. Repository ▪ Phalada Agro Research Foundations Pvt. Ltd. Company Annual Reports ▪ ▪ Mehrotra Consumer Products Pvt. Ltd. Industry Magazines ▪ ▪ Morarka Organic Foods Pvt., Ltd. Industry Reports ▪ ▪ Nature Pearls Pvt Ltd News Dailies ▪ ▪ Conscious Food Private Limited Credible Paid Databases ▪ ▪ Nourish Organics Foods Pvt Ltd. ▪ 11

  12. Industry Brief According to a report released by TechSci Research, ‘India Organic Food Market By Product Type (Organic Fruits and Vegetables, Organic Beverages, Organic Cereal & Food Grains, Organic Meat, Poultry & Dairy, Organic Spices & Pulses, Organic Processed Food & Other Organic Food Products), By Distribution Channel (Modern Retail Channel, Traditional Retail Channel, E-commerce, & Institutional/Direct Sales), By Region, Competition Forecast & Opportunities, FY2026’, the organic food market in India was valued at USD177.14 million in FY2020 and is projected to advance with a CAGR of 21.00% in the forecast period to reach USD553.87 million in FY2026. 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 the adoption of organic food, by the way of launching various policies and expanding land area under organic cultivation over the next five years. Moreover, 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. Moreover, the market for organic food products in India is highly unorganized. With rising cases of food adulteration across the country, the demand for organic food products has gone up significantly. Growing number of upper middle- class people are becoming increasingly concerned about the food quality and are willing to pay a premium of 10-20% for organic food products. 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, and Nourish Organics Foods Pvt. Ltd. are some of the major players operating in India organic food market. 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 the 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 the demand for organic food products in India through FY2026. In FY2020, 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. 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 the 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 the demand for organic food products in the coming years. “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, which 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. 12

  13. Sample Data India Organic Food Market Size, By Value (USD Million), FY'2016-FY'2026F CAGR (FY’2016-FY’2020) By Value: xx% CAGR (FY’2021E-FY’2026F) By Value: xx% FY'2016 FY'2017 FY'2018 FY'2019 FY'2020 FY'2021E FY'2022F FY'2023F FY'2024F FY'2025F FY'2026F India Organic Spices & Pulses Market Share, By Distribution Channel, By Value, FY'2016-FY'2026F FY'2016 FY'2017 FY'2018 FY'2019 FY'2020 FY'2021E FY'2022F FY'2023F FY'2024F FY'2025F FY'2026F 10% 10% 10% 10% 10% 10% Modern Retail Channel E-commerce 10% 10% 10% 10% 10% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% Traditional Retail Channel 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% Institutional/Direct Sales 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% India Organic Meat, Poultry & Dairy Market Size, By Value (USD Million), FY'2016-FY'2026F CAGR (FY’2021E-FY’2026F) By Value: xx% CAGR (FY’2016-FY’2020) By Value: xx% FY'2016 FY'2017 FY'2018 FY'2019 FY'2020 FY'2021E FY'2022F FY'2023F FY'2024F FY'2025F FY'2026F 13

  14. Strategic Recommendations Report Name: INDIA ORGANIC FOOD MARKET FORECAST AND OPPORTUNITIES FY2016 – FY2026 Report Price License Type Price Electronic Access - Single User License $2950 Electronic Access - Multi-User License $3750 Custom Research License $7500 To View Sample OR Purchase Report 14

  15. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving By Productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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