Agriculture Industry in India Forecast
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 947.8Million
Market Forecast in 2033: USD 2,939.3Million
Market Growth Rate: 12.2% (2025-2033)
The India agriculture industry was valued at INR 99,689.0 Billion in 2024 and is projected to grow to INR 236,603.2 Billion by 2033, with an expected compound annual growth rate (CAGR) of 10.08% from 2025 to 2033.
Agriculture Industry in India Trends:
The Indian agricultural market is experiencing a significant transformation driven by technological advancements, as well as changing consumer preferences. Some of the prominent trends include a steady rise in the adoption of precision farming technologies, based on the Internet of Things (IoT), remote sensing, and artificial intelligent (AI) technologies, within production protocols to increase yields, while reducing resource waste. There is greater concentration on sustainable methods of farming design, like organic agriculture, utilizing biofertilizers, as a strategy for addressing some of the increasing concerns about environmental issues among farmers and policy-makers.
The rise of various agricultural related start-ups has also contributed to better supply chain management, market access, and financial inclusion for smallholder farmers. The transition towards a decentralized agriculture sector through the digital platform facilitated by e-NAM has resulted in greater transparency and efficiency in the agriculture trade. Also, there are other emerging patterns like the rise in demand for high-value crops, especially fruits, vegetables, and spices, generated from both domestic and export demand. Overall, these emerging phenomenon suggest a move to a more modern, efficient, and sustainable agriculture ecosystem in India.
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Agriculture Industry in India Scope and Growth:
The agricultural sector in India has enormous scope to grow both from an economic and employment creation perspective. The large amount of arable land available and its diverse agro-climactic conditions present ample opportunity to increase production of both traditional and high-value crops. Agriculture, especially with a focus on export, in horticulture and dairy is particularly promising in terms of revenue generation. Furthermore, the use of technology in farming is likely to lead to greater productivity and reduce post-harvest losses, leading to the growth of this sector.
Government policy, in the form of subsidies for farm machinery and investment in irrigation infrastructure also supports an environment conducive to agricultural development. Growth in the demand for processed and organic foods has been a strong additional avenue for value-added and agribusinesses. This evolving sector is also likely to attract private and foreign investment, and further innovation and scalability. Therefore, the agriculture sector in India appears well positioned for ongoing and sustained growth due to technological interventions, public policy support, and changing market demand.
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
India Agricultural Biologicals Market Segmentation:
Breakup by Subsectors:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest agriculture industry share in India. It includes forecasts for the period 2025-2033 and historical data from 2019-2024 for the following segments.
- 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.
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Other key areas covered in the report:
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Market Dynamics
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
- Top Winning Strategies
- Recent Industry News
- Key Technological Trends & Development
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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