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Written by Deepakmishra » Updated on: September 24th, 2024
Indian Farming Market Overview
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 9.1% (2024-2032)
The Indian farming market is diverse, driven by agriculture innovations, sustainable practices, and increasing demand for organic and processed products. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 9.1% from 2024 to 2032.
The Indian farming market is experiencing substantial growth, owing to various key factors, such as increasing government backing and technological improvements. Besides this, initiatives of government bodies, including the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), and subsidies for machinery and infrastructure improvements have helped farmers enhance productivity and profitability.
Additionally, growing awareness of sustainable farming practices, such as organic farming and precision agriculture, is reshaping the Indian farming market. In line with these factors, the use of technology, including drones, sensors, and data analytics, is enabling farmers to monitor crop health, manage resources efficiently, and increase yields. Moreover, rising demand for food due to population growth has prompted investments in agricultural innovations and supply chain improvements, further fueling market expansion.
Another key driver for the growth of the Indian farming market is the shift towards modern retail and e-commerce platforms, which are providing farmers with better access to markets and consumers. The popularity of organic and healthy food products is boosting demand for fresh produce, dairy, and grains from India’s agricultural sector. In addition, farm mechanization and the rise of agritech startups are supporting small and medium-scale farmers with solutions for irrigation, weather forecasting, and pest control.
Furthermore, the adoption of digital platforms for direct sales and government schemes like e-NAM (National Agriculture Market) are improving market transparency and reducing intermediaries, ensuring farmers receive fairer prices for their produce. These developments, combined with evolving consumer preferences for locally sourced and organic food, are expected to drive the Indian farming market in the coming years.
The report has segmented the market into the following categories:
Breakup by Crop Seasonality:
Breakup by Crop Type:
Breakup by Application:
Breakup by Distribution Channel:
Breakup by Region:
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
Key highlights of the Report:
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.
IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
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