According to the latest report by IMARC Group, titled “Indian Farming Market: Market Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” the The Indian farming market reached a value of INR 22,516 Billion in 2021. Looking forward, IMARC Group expects the market to reach INR 41,148.7 Billion by 2027, exhibiting a CAGR of 10.5% during 2022-2027. Farming refers to the activity of growing edible plants crops, planting seeds, and raising livestock. It has changed evolved gradually greatly over the past years as it. The sector has witnessed considerable technological developments and innovations. It It generates multiple employment opportunities for millions of people individuals and holds a considerable significant share in the Gross Domestic Product (GDP) of the country.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends:
The market in India is majorly driven by the growing global population rate across the country. This, coupled with the increasing demand for food, is significantly contributing to the market growth. Furthermore, considerable developments in farm mechanization, and irrigation techniques, are positively influencing the market growth. In line with this, the easy availability of credit to the farmers by macro-financial institutions is escalating also providing an impetus to the market growth. Moreover, the growing rising demand for organic farm products across the country due to the increasing health consciousness among individuals is propelling the demand for farming market growth. Additionally, the launch of various favorable schemes by the government of India (GOI) for the upgradation of the farming infrastructure such as Krishi UDAN 2.0, Dairy Sahakar, Pradhan Mantri Kisan Samman Nidhi Yojana (PM-Kisan), Production-Linked Incentive Scheme for Food Processing Industry (PLISFPI), among others, is further creating a positive outlook for the market.
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Indian Farming Market 2022-2027 Analysis and Segmentation:
Breakup by Crop Seasonality:
- Rabi
- Kharif
- Zaid
Breakup by Crop Type:
- Cereals
- Vegetables
- Fruits
- Plantation Crops
- Spices
- Pulses
- Others
Breakup by Application:
- Fresh Consumption
- Food Processing
- Healthcare
- Feed Industry
- Textiles
- Others
Breakup by Distribution Channel:
- Self Consumption
- Traditional Retail
- Business to Business
- Modern Retail
- Online
Breakup by Region:
- North India
- South India
- East India
- West India
Key Highlights of the Report:
- Market Performance 2016-2021
- Market Outlook 2022-2027
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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.
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