Agriculture Industry in India Share, Trends, Statistics and Analysis 2024-2032

Agriculture Industry - India

Market Statistics

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 10.5% (2024-2032)

Market Size in 2023: INR 90,215.8 Billion

Market Size in 2032: INR 227,059.9 Billion

The agriculture industry in India plays a vital role in the economy, supporting livelihoods, driving exports, and contributing significantly to GDP through crop production, livestock, and agro-based industries. According to the latest report by IMARC Group, the market 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.

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Agriculture Industry in India Trends and Drivers:

• Integration of Advanced Technologies

  • Advanced technologies and sustainable farming practices are boosting growth.
  • Precision farming techniques like GPS, remote sensing, and data analytics optimize crop yields and resource management.

• Government Initiatives

  • Programs like Pradhan Mantri Krishi Sinchai Yojana (PMKSY) enhance irrigation infrastructure.
  • Pradhan Mantri Fasal Bima Yojana offers crop insurance, reducing risks and increasing productivity.

• Shift Toward Organic Farming

  • Rising demand for organic products due to health-conscious consumers.
  • Growing use of biofertilizers and biopesticides.

• Agritech Startups Revolutionizing the Sector

  • Startups provide mobile-based platforms for market information, digital marketplaces, and AI-driven crop advisory services.
  • Government’s Digital India initiative supports rural connectivity and digital literacy.

• Improved Supply Chain and Cold Storage Expansion

  • Expansion of cold storage facilities helps reduce post-harvest losses.
  • Better supply chain logistics ensure improved prices for farmers.

• Exploration of Blockchain Technology

  • Blockchain is being explored for traceability and transparency in the supply chain.
  • Anticipated to drive the agriculture industry over the forecasted period.

Agriculture Industry in India Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest agriculture industry in India share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.

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

Note: 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 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.

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