Agriculture Industry in India Report 2024: Industry to Reach US$ 227,059.9 Billion by 2032 at a 10.5% CAGR

IMARC Group, a leading market research company, has recently releases report titled “Agriculture Industry in India Report by Subsectors (Farming, Agriculture Equipment, Fertilizers, Pesticides, Warehousing, Cold Chains, Food Processing, Dairy Market, Floriculture, Apiculture, Sericulture, Seeds, Fisheries, Poultry, Animal Husbandry, Animal Feed, Bio-Agriculture Market) 2024-2032.” The study provides a detailed analysis of the industry, including the agriculture industry in India size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Agriculture Industry in India?

The agriculture industry in India size reached INR 90,215.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach INR 227,059.9 Billion by 2032, exhibiting a growth rate (CAGR) of 10.5% during 2024-2032.

Agriculture Industry In India Overview:

The robust efforts by government authorities to boost agricultural productivity and ensure food security are the factors responsible for the growth of the agriculture industry in India. Additionally, the market is propelling due to key initiatives such as the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), and the implementation of modern farming techniques is significantly enhancing crop yield as well as the income of the farmers.

Besides this, the integration of digital technologies, like precision farming, and the use of drones and IoT for monitoring crop health are further transforming the agricultural landscape. The expansion of irrigation facilities and better access to credit and insurance are also pivotal in supporting the sector. Moreover, the rising demand for organic and sustainably produced food is pushing farmers to adopt eco-friendly practices, thus driving the market.

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Agriculture Industry In India Trends:

Another notable trend in the Indian agriculture industry is the increasing focus on value-added products and agribusiness. In addition to this, the shift from traditional farming to agribusiness models is fostering the growth of food processing units, cold storage facilities, and supply chain logistics. This development is crucial in reducing post-harvest losses and ensuring better price realization for farmers, which is acting as another growth-inducing factor.

Furthermore, the growth of e-commerce services and the rising popularity of direct-to-consumer models are enabling farmers to reach a broader market, thus enhancing their profitability. The adoption of contract farming and the establishment of farmer-producer organizations (FPOs) are also contributing to growth by providing better market linkages and collective bargaining power, which is anticipated to drive the agriculture industry in India over the forecasted period.

Agriculture Industry In India Segmentation:

Breakup by Subsectors:

• Farming

• Agriculture Equipment

• Fertilizers

• Pesticides

• Warehousing

• Cold Chains

• Food Processing

• Dairy Market

• Floriculture

• Apiculture

• Sericulture

• Seeds

• Fisheries

• Poultry

• Animal Husbandry

• Animal Feed

• Bio-Agriculture Market

Competitive Landscape:

The report has provided a comprehensive analysis of the competitive landscape in the agriculture industry in India. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

• DuPont India

• Rallis India Limited (Tata Chemicals Limited)

• Nuziveedu Seeds Limited

• Godrej Agrovet Limited

• Nestle India Limited

• Advanta Seeds

• Parle Products Pvt. Ltd.

• Britannia Industries Limited

• IFFCO

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Key Highlights of the Report:

• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• Market Trends

• Market Drivers and Success Factors

• Impact of COVID-19

• Value Chain Analysis

• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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