Organic Products market in India

Organic Products market in India

Organic products are those made entirely from natural substances, which in turn have been grown eschewing the use of artificial chemicals, fertilisers and pesticides.

Indian organic food market has begun growing rapidly. According to a YES Bank report in 2012, it was estimated at Rs 1,000 crore ($170 million) – of which Rs700 crore came from exports – and is growing at 30 to 40 per cent annually. The country has 4.43 million hectare under organic cultivation with a total organic certified production of 171,100 tonne. In comparison, the US organic foods market is worth $26 billion, the European, $10 billion.

The report added that the country produced around 3.88 million tonne of certified organic products that includes basmati, pulses, tea, coffee, spices and oilseeds

India aims to export $1 billion worth of organic products in the next five years as there is greater demand for non-food products such as organic cotton. “Five years from now, we should aim at achieving $1 billion in organic products export by harnessing the potential in other products like organic cotton and other.

India is the largest organic cotton grower in world, and accounts for 50% share of total world organic cotton production, it said.

Government is promoting organic farming under National Project on Organic Farming (NPOF), National Horticulture Mission (NHM) and Rashtriya Krishi Vikas Yojana (RKVY)