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Agriculture Industry in India

Agriculture Industry in India 2023: Size, Share, Industry Overview, Growth Factors and Forecast to 2028

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IMARC Group, a leading market research company, has recently releases report titled “Agriculture Industry in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The agriculture industry in India size reached INR 80,550 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 158,991 Billion by 2028, exhibiting a growth rate (CAGR) of 12.2% during 2023-2028.

The agriculture industry serves as the backbone of many economies, providing both sustenance and livelihoods. It encompasses a wide range of activities, including the cultivation of crops, livestock rearing, fisheries, and forestry. The industry is characterized by its dual nature, consisting of both traditional small-scale farming and modern large-scale operations that utilize advanced technologies for planting, irrigation, and harvesting. It is essential for food security, with staple crops like rice, wheat, and maize forming the bulk of production. In addition, commercial crops like cotton, sugarcane, and soybeans are also significant for economic development. Livestock farming, including poultry, cattle, and fisheries, adds another layer of complexity and diversity to the industry. Sustainable agriculture, featuring organic farming methods and environmentally friendly practices, is an emerging focus.

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Agriculture Industry in India Trends:

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The rising population of India and the corresponding food demand are key drivers in the expansion of the agriculture industry. Moreover, the growing export market for Indian agricultural products is another major growth-inducing factor. In addition to this, government subsidies and support for farmers are propelling the growth of the sector. Advances in agricultural technology, including improved irrigation systems and genetically modified crops, are also contributing to increased productivity. The focus on sustainable agriculture and organic farming is attracting consumers who are concerned about environmental impact and food quality, thereby boosting the industry. Furthermore, value-added products like processed foods are on the rise, due to the emerging middle class with higher disposable income. The integration of technology, including mobile apps for farmers and supply chain improvements, is helping the industry evolve and reach new markets. Other factors such as investment in research and development, diversification into agro-based industries, and initiatives to link farmers directly to markets are playing a significant role in shaping the future of the agriculture industry in India.

What is included in market segmentation?

The report has segmented the market into the following categories:

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

Who are the key players operating in the industry?

The report covers the major market players including:

The competitive landscape of the agriculture industry in India has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these Players Include:

  • DuPont India Private Limited
  • Rallis India Limited
  • Nuziveedu Seeds Limited
  • Godrej Agrovet Limited
  • Nestlé India Limited
  • Advanta (UPL Limited)
  • Monsanto Company
  • Parle Products Private Limited
  • Britannia Industries Limited
  • REI Agro Limited
  • Indian Farmers Fertiliser Cooperative (IFFCO) Limited

Browse full report with TOC & List of Figure: https://www.imarcgroup.com/agriculture-industry-in-india

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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