Agriculture - India
- India
- Gross production value in Agriculture market is projected to amount to €483.70bn in 2025. An annual growth rate of 3.04% is expected (CAGR 2025-2029), resulting in gross production value of €545.20bn in 2029.
- The import value in Agriculture market is projected to amount to €8,865.0m in 2025. An annual growth rate of 4.84% is expected (CAGR 2025–2029).
- The export value in Agriculture market is projected to amount to €11,640.0m in 2025. An annual growth rate of 4.85% is expected (CAGR 2025–2029).
Key regions: United States, Brazil, Germany, Italy, Spain
Analyst Opinion
The Agriculture market in India is experiencing considerable growth, influenced by factors such as fluctuating weather patterns, evolving consumer preferences, and increased competition among producers. Sustainable practices and technology adoption are crucial for future expansion.
Customer preferences: Consumers in India are increasingly prioritizing organic and sustainably sourced agricultural products, reflecting a growing awareness of health and environmental issues. This shift is particularly pronounced among urban millennials and Gen Z, who favor brands that emphasize ethical farming practices. Additionally, the rise of e-commerce platforms has made it easier for consumers to access fresh produce directly from farmers, fostering a preference for transparency in sourcing. As lifestyles become more health-conscious, there is a notable demand for plant-based and nutritious food options, reshaping the agricultural landscape.
Trends in the market: In India, the Agriculture Market is experiencing a surge in demand for organic and sustainably sourced products, driven by a heightened consumer focus on health and environmental sustainability. Urban millennials and Gen Z are leading this trend, favoring brands that prioritize ethical farming practices. The expansion of e-commerce platforms is facilitating direct access to fresh produce from farmers, enhancing transparency in sourcing. As health-conscious lifestyles gain prominence, there is a growing preference for plant-based and nutritious food options, reshaping industry dynamics and presenting new opportunities for stakeholders to innovate and adapt.
Local special circumstances: In India, the Agriculture Market is uniquely shaped by diverse climatic zones and rich biodiversity, allowing for a wide array of crops and traditional farming practices. The cultural significance of local produce, combined with festivals celebrating harvests, fosters a deep connection between consumers and farmers. Regulatory support for organic farming, alongside initiatives promoting sustainable practices, further enhances market dynamics. Additionally, the rise of community-supported agriculture models reflects a shift towards localized sourcing, empowering farmers and meeting urban consumers’ demand for fresh, organic products.
Underlying macroeconomic factors: The Agriculture Market in India is significantly influenced by macroeconomic factors such as national economic health, global commodity prices, and agricultural policies. The country's economic growth, driven by rural development initiatives and infrastructure investments, enhances farmers' access to markets and technology. Fluctuations in global commodity prices impact domestic crop profitability, while favorable fiscal policies encourage investments in sustainable agriculture. Additionally, changing consumer preferences for organic and locally sourced products are shaping demand dynamics. Overall, these factors collectively drive the performance and resilience of the agriculture sector, making it a vital component of India's economy.
Methodology
Data coverage:
The data encompasses B2B. Figures are based on the value of gross production in the agriculture market, which values of production are calculated by multiplying gross production by output prices at the farm gate.Modeling approach:
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use resources from the Statista platform as well as annual financial reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting agriculture products due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.Visión general
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