Future of Organic Food Market in India

As India maintains its pace towards correct growth and development, we have a tendency to area unit going back to the roots. There has been a small steady however abrupt rise within the use of the organic product. The demand for organic food in India is rising the quickest because of the various blessings of such food. The Indian government is systematically operating towards promoting and widening the Organic foodstuff through the National Project on Organic Farming (NPOF) theme. Launched in Gregorian calendar month 2004 with Associate in Nursing initial outlay of Rs.57 crore, the theme continues to be continued considerably increased budget. the govt is disbursal crores of rupees on organic farming promotion to sustain the most important growing business in India.

organic food

Organic Food

As the international demand for organic food is soaring, seen as a healthier and higher possibility for each the folks and therefore the surroundings, it's making a boom for tiny producers. the employment of pesticides, preservatives and alternative additives on fully grown food, has, for many years, been seen as debatable by a growing minority. it's been earlier involved and proven; negative effects of pesticides on the surroundings further the health of the many folks, in some instances, that at the same time saw Associate in Nursing outright ban of such artificial chemicals. Majorly, a minority section of health and quality-aware fraternity is sentimental towards affirmative the naturally fully grown and organic food product further as for beauty products. Moreover, the rising quality of organic products has majorly expanded the supply organic food product in retail stores over the previous few years. With organic food changing into simply accessible. The market can witness exceptional growth.

The Indian economy has enjoyed fast growth in the organic market in recent years, consistent with recently revealed TechSci analysis report “India Organic foodstuff Forecast and Opportunities, 2020”, the organic foodstuff in India is projected to register growth at a CAGR of over twenty-fifth throughout 2015-20. shoppers in India are getting more and more health aware, which has resulted in an exceeding modification in their preferences. shoppers area unit selecting to like consumption of organic food rather than typical food, owing to its chemical-free production and preservation. the rise in domestic demand has enjoyed CAGR of 12 months from 2011 till last year, up from $80 million to Associate in Nursing expected $207 million.

However, the marketplace for organic food isn't, however, able to deal at such a giant live. several middle-class sections area unit selecting to accept pure organic food and area unit willing to pay a premium of 10-20% for an organic food product. whereas the potential and evaluated future growth can sure be at par with the high demand of the product, for the market to completely contribute to the economy, the organic foodstuff is, however, to be organized and authorized, for each the producers further because of the distributors.