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What is the scope of the Organic Food Industry in India?

Feb 28th 2020 at 2:14 AM

In recent years, India has experienced tremendous growth in the organic food industry. Organic foods refer to products produced in livestock without the application of fertilizers, pesticides, growth regulators and man-made antibiotics. In addition, organic foods ensure compliance with strict agricultural standards with respect to the impact on soil, water and air.

Factors that drive growth in the organic food industry.

The key factors driving the demand for organic food in India are the awareness of the health of the younger generation and the millenary, high disposable income, growing popularity and strong economic growth. Indian consumers have begun to pay attention to the nutritional content and quality of the food they eat, which leads to greater spending on organic products for health and well-being. In addition, the growth of the Indian organic food industry is accelerating with strong government support.

The role of the government in the organic food industry.

The government of India provides financial assistance under various schemes to farmers who adopt organic agriculture. Some projects include the National Organic Agriculture Program (NPOF), the National Horticulture Mission (NHM), the National Soil Health and Fertility Management Program (NPMSH and F) and more. "Agri-Udan" is another value-added initiative of the Government of India that aims to bring more land to organic agriculture. Several agricultural technology companies have come forward to help the government improve the Indian organic food industry using technologies such as AI, Machine Learning, Big Data and more.

Lawsuit against the supply of organic food in India

The organic food industry in India is still in the nascent stage. There is an increase in demand from buyers, but the supply is low. There are three main reasons for this.

Place First, organic products are priced higher. This hinders market penetration.

The second reason behind the shortage of organic food is that organic chains of organic farming are not established for national consumers.

Third, the lack of knowledge about organic products among potential customers leads to a shortage.

Next reach of the Indian organic food industry

The trend of careful eating is back, as a large number of consumers choose to adopt a lifestyle completely free of chemicals and move to a natural and organic diet. This change is mainly observed because many health experts, NGOs and organic food manufacturers have created awareness.

Currently, the Indian organic food industry, which is about Rs 6,000 million, is expected to grow at a compound annual rate of 25%, which will reach $ 2,091 million in 2024. With this in mind, many new Organic brands that follow traditional processing techniques are entering the market every day. The organic food industry is expected to grow at a compound annual rate of 25 percent over the next three years. This statistic has provided great scope and opportunity for new companies to enter the organic food business and work together to grow the industry.

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