Research and Markets: Indian Organic Food Market Anticipated to Grow at a Significant CAGR of Around 19% During 2012-2017
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/nfm82g/india_organic) has announced the addition of the "India Organic Food Market Forecast & Opportunities, 2017" report to their offering.
“India Organic Food Market Forecast & Opportunities, 2017”
The Indian economy is still quite reliant on agriculture and it contributes nearly 14% of the country's gross domestic product and almost 60% of the population is dependent on agriculture. The trend of organic food that was initiated in the developed regions such as Europe and North America has expanded to developing countries like India and China. Europe and North America are the largest consumers of organic food, however, the organic food market in Asia is likely to account for the highest growth rate over the next five years. The concept of organic food is gaining widespread acceptability and the market is growing rapidly in countries like India and China. The growth in the organic food market of India can be attributed to the radically increasing awareness regarding organically grown products which is free from pesticides.
According to India Organic Food Market Forecast & Opportunities, 2017, Indian organic food market is anticipated to grow at a significant CAGR of around 19% during 2012-2017. In India, majority of the demand for organic foods is originating from Tier I cities such as Mumbai, Delhi, Chennai, Bangalore, Gurgaon and Pune. Companies are witnessing increase in sales as a result of increasing demand from metro cities and the entry of several new players in the organic food market offering an online channel for purchase. The major players in Indian organic food market are Conscious Foods, Sresta, Eco Farms, Organic India, Navdanya and Morarka Organic Foods. Organic food usually costs up to 20% to 30% more than conventional food items which is one of the major challenges in Indian market as majority of the consumers are quite price sensitive. However, at the same time increasing health consciousness and increasing disposable income among Indians is incessantly increasing the demand for organic food.
- Amira Foods Limited
- Conscious Food
- Eco Farms (India) Limited
- Morarka Organic Foods Limited
- Mps Food Products Limited
- Organic India Pvt. Ltd.
- Phalada Agro Research Private Limited
- Poabs Organic Estates
- Sresta Natural Bio Products Private Limited
For more information visit http://www.researchandmarkets.com/research/nfm82g/india_organic
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