Agriculture Industry in India Valuation to Reach INR 236,603.2 Billion by 2033 - Growing at a CAGR of 10.08%

Attributes and Key Statistics of the Agriculture Industry in India Report by IMARC Group:

Base Year: 2024

Forecast Years: 2025-2033

Historical Years: 2019-2024

Units: INR Billion

Market Size in 2024: INR 99,689.0 Billion

Market Forecast in 2033: INR 236,603.2 Billion

Market Compound Annual Growth Rate 2025-2033: 10.08%

As indicated in the latest market research report published by IMARC Group, titled “Agriculture Industry in India Report 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) 2025-2033,” this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.

Agriculture Industry in India Size & Future Growth Potential:

The agriculture industry in India was valued INR 99,689.0 Billion in 2024. By 2033, this figure is projected to reach around INR 236,603.2 Billion, with a compound annual growth rate (CAGR) of 10.08% over the forecast period (2025-2033).

Core Factors Driving Market Trends:

Transformative changes in the agricultural sector in India are driven by the incorporation of new technologies and changing consumer trends, leading to greater sustainability and efficiency in the future. The most important development is the adoption of precise farming through the use of IoT devices, remote sensing technologies, and artificial intelligence which help in increasing the harvest while using fewer resources. There is also greater focus on environment-friendly sustainable farming methods such as organic farming and biofertilizers as there is greater public environmental awareness policy-making. With the growing number of agri-tech startups, there has been a remarkable improvement in the older systems due to better supply chain management, enhanced access to markets, improved financing for smallholder farmers, and advanced logistics.

Also, agricultural trade has been modernized through digital platforms like e-NAM, which promotes the transparency and efficiency of centralized systems. Furthermore, the demand for high-value crops like fruits, vegetables, and spices has increased significantly, serving the domestic and international markets. All these developments are indicative of the strengthening and modernizing of agricultural infrastructure in India, bolstered by innovative and sustainable practices. The country is now able to use advanced technologies and eco-friendly practices that increase farming productivity and make monetary gains while retaining long-term viability, thus reinforcing India’s reputation as a world leader in agricultural innovation.

Agriculture Industry in India Scope and Growth:

The agriculture industry in India is an agriculture sector with so much room for improvement as it is critical in strengthening the economy and creating jobs for millions of people. The Indian agriculture industry has country's enormous cultivable land and its varied agro-climatic conditions which can help improve the production of high-value crops such as fruits, vegetables, and spices. Apart from the traditional crops, there is also a great potential in cultivation of horticulture which can help in dairy farming and other floriculture. In addition, the adoption of modern technology can dramatically increase effectiveness throughout the entire supply chain by reducing post-harvest losses during critical processes such as precision farming, monitoring through the internet of things, and AI-based crop management.

Moreover, other policies by the government like offering discounts on modern farming tools, spending money on irrigation construction, and the PM-KISAN scheme are beneficial towards farming progression. There is further agri business potential due to the increased demand in processed and organic foods as well as geo-specific foods which require progressive advanced technologies.There is also foreign and domestic private funding which is expanding innovation and green techniques to the agriculture sector. These new developments, together with increasingly health-conscious and provenance-oriented consumers, are rapidly shifting and transforming the industry's dynamics.

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By the IMARC Group, the Top Competitive Landscapes Operating in the Industry:

• 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

Agriculture Industry in India Forecast and 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 2025-2033 and historical data from 2019-2024 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

Farming is increasingly dominating the agriculture industry in India, playing a crucial role in food production, employment, and economic growth, impacting millions of farmers nationwide.

Key highlights of the Report:

• Historical Market Performance
• Future Market Projections
• Impact of COVID-19 on Market Dynamics
• Industry Competitive Analysis (Porter’s Five Forces)
• Market Dynamics and Growth Drivers
• SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
• Market Ecosystem and Value Creation Framework
• Competitive Positioning and Benchmarking Strategies

Major Advantages of the Report:

• This report provides market leaders and new entrants with accurate revenue estimates for the overall market and its key subsegments.
• Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.
• The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.

Note: Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.

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