Indian Agriculture Market is Expected to Grow at a CAGR of 4.9% in the Forecast Period of 2024-2032.

The India agriculture market is rapidly rising due to increased consumer demand. India, after the United States and China, is one of the world's leading agricultural producers in terms of value. India, with a major share of the world's population, is the second-largest populated country. The demand for different agricultural commodities has increased dramatically with an increasing population. This development has resulted in the adoption of improved technologies and methods to meet the diverse food needs of individuals in dairy, fishing, and livestock. In the last few decades, there have been a number of changes in the agricultural sector in India. These include increased participation of the organised sector, development of contract agriculture, mechanised agriculture, easy lending facilities, growing exports, rising adoption of agrochemicals and high return seeds, and the increasing role of the private sector in manufacturing, branding, and marketing.

In May 2020, Corteva Inc (NYSE: CTVA), the erstwhile agriculture division of DuPont, one of the key players in the industry, introduced a new seed brand, especially for corn farmers in India. The brand is known as Brevant™ seeds. This would help the farmers increase the output, while also driving the growth of the overall market in India.

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Market Analysis by Sector and Region:

• The sectors in the market can be divided into farming, agricultural equipment, fertilisers, pesticides, warehousing, cold chains, dairy, floriculture, apiculture, sericulture, seeds, fisheries, poultry, animal husbandry, animal feed, and bio-agriculture.

• Regionally, the market is segmented into North India, East and Central India, West India, and South India.

Key Findings of the Report:

• India's sustained economic growth has contributed to a rise in per capita income, leading to an increase in the agricultural products' consumer base, thus, driving the Indian agriculture market.

• The Indian agriculture market is majorly being driven by the increased food demand by the growing population of the country.

• Various innovations and programmes, such as Kisan credit cards and microfinance, are driving the growth of the industry due to the easy accessibility of credit in rural areas for farmers.

• The organised food retail sector has expanded in India, offering a varied range of products directly or indirectly linked to agriculture, which is further aiding the growth of the market. 

Key Offerings of the Report:

• The EMR report gives an overview of the Indian agriculture market for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the sectors and regions of agriculture in India.

• It assesses the market dynamics by covering the key demand and price indicators, along with analysing the market based on SWOT and Porter's Five Forces models.  

The key players in the Indian agriculture market include Nuziveedu Seeds Limited, UPL Ltd (Advanta Seeds), LEMKEN India, Beri Udyog Pvt Ltd., Deccan Farm Equipments Pvt. Ltd, India Agrovision Implements Pvt. Ltd, RSR Retail Pvt. Ltd, Chambal Fertilisers and Chemicals Limited, Coromandel International Limited, Dhanuka Agritech Ltd, BASF SE, and DuPont de Nemours, Inc., among others. The report by EMR covers the market shares, capacity, and latest development of these key players like mergers and acquisitions, plant turnarounds, and capacity expansions.

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