India Organic Food Market to Grow at a CAGR of 22% During 2024-2032, Driven by Rising Health Consciousness

The Indian organic food market is expanding as consumers are placing increased attention on their health and well-being. Rising environmental concerns over harmful agricultural chemicals and their ill effects on people’s health are boosting the demand for organic foods and beverages. Rising awareness among consumers about organic ingredients and their health benefits is aiding the India organic food market demand. Strong economic growth, rapid urbanisation, rising income levels, and consumer expenditure on health and wellness are some of the primary factors propelling the market growth.

According to the Organics International Report 2021 by Financial Benchmarks India Pvt Ltd (FiBL) and IFOAM-Organics International, India leads Asia with 23 lakh hectares under organic farming. Governmental schemes and policies, such as the Capital Investment Subsidy Scheme (CISS) under Soil Health Management Scheme, the National Mission on Oilseeds and Oil Palm (NMOOP), and the National Food Security Mission (NFSM) to boost organic farming, also aid the market.

The wide availability of organic foods at supermarkets and online stores, such as Amazon.com, Inc. (NASDAQ: AMZN) and Vaer Organic supports the market growth. As these organic food options become more readily available through both physical and digital channels, it contributes to the overall expansion and diversification of the organic food market in India.

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Market Breakup by Product Type, Distribution Channels, and Region:

• The market is segmented based on product type into organic beverages, organic cereal and food grains, organic meat, poultry and dairy, organic spices and pulses, organic processed food, organic fruits and vegetables, and others.

• By distribution channels the market is segmented into supermarkets and hypermarkets, specialty stores, convenience stores, online, and others.

• Region-wise, the Indian market for organic food can be divided into North India, East and Central India, West India, and South India.

Key Findings of the Report:

• The organic food market in the country is booming due to consumers focusing on rising health and environmental concerns over the use of harmful synthetic fertilisers and pesticides.

• The steady rise of chronic diseases such as cancer, diabetes, and heart ailments has led to an increase in healthcare expenditure, and the rise in health-consciousness. Consequently, consumers are increasing their focus towards healthy foods and beverages, including organic options.

• Increasing purchasing power and disposable income, coupled with the growing social media influence also play a crucial role in the India organic food market growth.

• To sustain and accelerate the growth of the organic food sector in India, the Government of India has taken several initiatives. Supportive government schemes and policies, such as Paramparagat Krishi Vikas Yojana (PKVY), and Mission Organic Value Chain Development for North Eastern Region (MOVCDNER), aid the market.

Key Offerings of the Report:

• The EMR report gives an overview of the Indian market for organic food for the periods (2018-2023) and (2024-2032).

• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the product type, distribution channel, and major regions of organic food.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the India organic food market are Suminter India Organics Private Limited, Organic India Pvt. Ltd., Sresta Natural Bioproducts Pvt. Ltd, Pro Nature Organic Foods Pvt Ltd, Nature Bio-Foods Limited, Avadata Organics, Nourish Organic Foods Pvt. Ltd., Rattan Organic Foods Pvt. Ltd., Phalada Pure & Sure, Mehrotra Consumer Products Pvt. Ltd., and others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

Key Highlights of the Report

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