As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The Indian exotic vegetables market is being driven by government policies like 100% foreign direct investment in trading in the region. The exotic produce industry in India is growing by 15% to 20% per year. Out of the total market, vegetables accounted for over half the market share. In India, the domestic demand for fruits and vegetables is high as the country has a large vegan and vegetarian population. The country is one of the leading producers of fruits and vegetables. The thriving foodservice sector in the region is providing further impetus to the industry, resulting in the increased interest of farmers in producing good quality yield. In the region, the market is, however, majorly dominated by unorganised sector and is highly fragmented. The region exports nearly 5,000 million tons of fruits and vegetables to Italy, along with other regions.
The developing retail sector and the growing e-commerce sector is aiding the growth of the market in the region. In August 2018, Godrej Nature's Basket, a key player in the industry, announced that as the company closed its last financial year at Rs 3.5 billion, it aims to close FY19 at Rs 4.5-5 billion with the support from new collaborations, and further touch Rs 10 billion by FY20. The company presently has 32 stores across Mumbai, Pune, and Bengaluru, and as part of its expansion strategy, plans to add another 12-15 own stores in these cities, further adding another 12 stores under Magsons, Goa's retail chain, through the collaboration. Moreover, the global players are shifting their consumer base from mature to emerging markets witnessing the various growth opportunities in such regions. In August 2019, Amazon India, a subsidiary of Amazon.com, Inc. (NASDAQ: AMZN) launched the Amazon Fresh Store through its e-retail platform, Amazon.in., where customers can get their daily essentials delivered to their homes within a span of two hours at time slots that are convenient to them. The company, in January 2020, announced its plan to build large delivery hubs for Amazon Fresh in India. Such developments are expected to further aid the growth of the exotic vegetables industry in the region over the forecast period.
Market Breakup by Variety, Sector, Distribution Channel, Major Indian Vegetable Producing States, and Major Indian Vegetable Consuming States:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the Indian exotic vegetables market are Shreenath Agro Tech Pvt Ltd, Lawrencedale Agro Processing India Pvt Ltd., Nisarg Nirman Agro Products Pvt. Ltd., S. P. Vegetables, Anusayafresh, Green Earth Fresh Produce (P) Ltd., Reliance Retail, Big Basket, and Natures Basket Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.