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What is the scope of organic products in India?

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What is the scope of organic products in India?

The Indian organic food industry currently sized at 6000 crores is expected to grow at a CAGR of 25\%, reaching a value of US$ 2,091 Million by 2024. With this in mind, a lot of newer organic brands that follow traditional processing techniques are entering the market every day.

How much profit is in organic farming?

“Through this land, I want to prove wrong all those who doubt the profitability of organic farming. With a bit of hard work and understanding of nature, any farmer can earn a minimum of Rs 10 lakh per annum.

What is the rank of India in organic farming?

As per the available statistics, India’s rank 8th in terms of World’s Organic Agricultural land and 1st in terms of total number of producers as per 2020 data (Source: FIBL & IFOAM Year Book, 2020).

Which organic brand is best in India?

10 Best Organic Food Brands In India 2021: A Healthy Life Ahead

  • Praakritik.
  • Organic India.
  • Pure and Sure.
  • Nutriorg.
  • Nourish Organics.
  • Adya Organics.
  • Avadata Organics.
  • Pro Nature.
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What is the value of the organic food market in India?

The Indian organic food market reached a value of US$ 815 Million in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 24\% during 2021-2026.

How covid-19 has impacted the organic food market in India?

Due to health concerns, consumers are shifting towards the organic food gradually, which is further giving boost to the organic food market in India. During to COVID-19, there was a shortage of workers working in organic process industry, as people were forced to stay at home for some time.

What is the future scope of the organic food industry?

The organic food industry is expected to grow at a CAGR of over 25 percent in the next three years. This statistic has given a huge scope and opportunity for new startups to enter into the organic food business and work mutually for the growth of the industry.

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What are the government schemes for organic farming in India?

Some of the schemes are the National Project on Organic Farming (NPOF), the National Horticulture Mission (NHM), the National Project on Management of Soil Health and Fertility (NPMSH&F), and more. “Agri-Udaan” is another value-added initiative by the Government of India that is targeted to bring more land under organic farming.