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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Indian Agriculture Market Analysis
The rise in population has led farmers to implement improved technologies and methods in milk, fishery, and livestock to meet people's diverse food needs, which is propelling the Indian agriculture market. More than half of the population of India is also reliant on agricultural goods, which further fosters the market growth. India's GDP has increased steadily, resulting in an increase in the consumer's disposable incomes. This growth has powered both the producer as well as consumer demand in agriculture. Farmers have invested more in advanced farm infrastructure, including irrigation, quality seeds, machinery, fertilizers, stocks, cold storage, etc. The purchasing power of consumers has also increased, having a positive effect on the domestic demand for agricultural products.
Government aid plays a critical role in the development of the Indian agriculture sector since agriculture stays the primary livelihood of more than half of the overall population of India, making it the largest voting bench in the country. The Indian government provides farmers with subsidies for water, electricity, farm machinery, fertilizers, hybrid seed, and so on. The government has also exempted farm income in accordance with the Indian Income Tax Act, which means that farm operations' income is not taxable. This has further aided the growth of the agriculture market in India.
Indian Agriculture Market Report Snapshots
Indian Agriculture Market Size
Indian Agriculture Market Growth
Indian Agriculture Market Trends
Indian Agriculture Market Share
Indian Agriculture Market Analysis
Indian Agriculture Manufacturers
Indian Agriculture Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at USD 457.26 billion in 2023.
The market is projected to grow at a CAGR of 4.90% between 2024 and 2032.
The revenue generated from the Indian agriculture market is expected to reach USD 703.30 billion in 2032.
The market is categorised according to the sector, which farming, agricultural equipment, fertilisers, pesticides, warehousing, cold chains, dairy, floriculture, apiculture, sericulture, seeds, fisheries, poultry, animal husbandry, animal feed, and bio-agriculture.
The market key players are Nuziveedu Seeds Limited, UPL Ltd (Advanta Seeds), LEMKEN India, Beri Udyog Pvt Ltd., Deccan Farm Equipments Pvt. Ltd, India Agrovision Implements Pvt. Ltd, RSR Retail Pvt. Ltd, Chambal Fertilisers and Chemicals Limited, Coromandel International Limited, Dhanuka Agritech Ltd, BASF SE, and DuPont de Nemours, Inc. among others.
The market is broken down into north India, east and central India, west India, and south India.
Growing demand for organic and sustainable farming practices, technological advancements and increasing investment in aggrotech startups and innovations are the key trends propelling the market.
Climate change, fluctuating commodity prices, water scarcity and depletion of natural resources are hampering the industry.
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124