India Organic Food Market Insight, Forecast 2022-2028

1. India Organic Food Market, By Product Type Trend Analysis, Competitive Market Share & Forecast, 2022-2028

2. India Organic Food Market- Industry Trends & Forecast Report 2028 A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the India organic food market was worth USD 1,013.4 million in the year 2021. It is estimated to grow at a CAGR of 19.90%, earning revenue of around USD 3594.0 million by the end of 2028. The India organic food market is flourishing at a high rate owing to the increasing health consciousness among consumers along with changing lifestyles. Due to this, Indian consumers are increasingly focusing on the nutritional value of the food they are consuming and its impact on their health. Furthermore, increasing launches of a wide range of organic food products along with the rising popularity of online sales channels are also providing lucrative growth opportunities to the India organic food market.

3. Growth Drivers Launch of Wide Range of Organic Food Products With growing potential and demand for organic food within the Indian market, the companies are launching an extensive variety of products to cater to customers’ nutritional desires and tastes and to take advantage of marketplace possibilities. For instance, Amul recently announced it will be entering the organic food market by launching organic “atta”, rice, honey, chocolates, and potato products. The increasing product launches are improving consumer access to organic food, driving the overall market growth. Sample Copy: https://www.blueweaveconsulting.com/report/india-organic-food-market/report-sample

4. Restraints  High Cost Of Organic Food The price of organic food is one of the major constraints for the growth of the market since India is a highly price-sensitive market. Organic food is costlier than regular food products. This is because the elimination of chemical fertilizers decreases the production output several fold. Along with this, the price of organic food also carries other factors such as environmental enhancement and protection costs. This limits the adoption of organic food among high and upper-middle-income groups, negatively impacting the market growth.

5. Impact of COVID-19 The India organic food market registered significant growth post the COVID-19 pandemic outbreak in the country. The global pandemic raised health concerns among Indian consumers as well as consciousness towards what they are consuming. Furthermore, the pandemic also spurred the demand for sustainability to avoid further damage by the food industry to the environment. As a result, organic food brands are increasingly launching their products in the Indian market to establish themselves as leading players, which is anticipated to drive the market growth in the forecast period.

6. Regional Insights Geographically, the India organic food market is segmented into North India, South India, East India, And West India. West India dominates the India organic food market owing to the rapid consumer shift and increasing availability of these products in urban cities such as Mumbai, Pune, etc. Following west, South India also covers substantial market share with states like Andhra Pradesh, Karnataka, etc., which are pulling the demand for organic food owing to the presence of a large younger working-class population in this region.

7. Competitive Landscape The leading market players of the India organic food market are Suminter India Organics Private Limited, Nature Bio-Foods Limited, Organic India Private Limited, Sresta Natural BioproductsPvt.Ltd, Phalada Agro Research Foundations Pvt.Ltd, ElWorld Agro, Mother Earth, Mehrotra Consumer Products Pvt. Ltd, Morarka Organic Foods Pvt. Ltd, Nature Pearls Pvt.Ltd, Conscious Food Private Limited, Nourish Organics Foods Pvt Ltd, EcoFarms (India) Ltd, and other prominent players.

8. Recent Development In October 2021, Organic India, a multinational genuine organic products company, announced the expansion of its product portfolio by entering the staples segment with grocery items including organic Basmati rice, Dalia, pulses, etc.

9. Key Players Suminter India Organics Private Limited, Nature Bio-Foods Limited, Organic India Private Limited, Sresta Natural BioproductsPvt.Ltd, Phalada Agro Research Foundations Pvt.Ltd, ElWorld Agro, Mother Earth, Mehrotra Consumer Products Pvt. Ltd, Morarka Organic Foods Pvt. Ltd, Nature Pearls Pvt.Ltd, Conscious Food Private Limited, Nourish Organics Foods Pvt Ltd, EcoFarms (India) Ltd, and other prominent players.

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