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"
https://www.techsciresearch.com/report/india-organic-food-market/1761.html
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
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Serving 700 global clients with more than 600 premium market research studies,
TechSci Research is serving clients across 11 different industrial verticals.
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