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Organic Food Segment To Grow At CAGR Of 10% During 2016-21

Capital Market 

Increasing disposable incomes, increasing awareness around health and wellness and increasing acceptability are driving the growth in the organic food segment which is expected to grow at a CAGR of 10% during the period 2016-21, according to a government update. At the same time the demand for Indian organic food products is on constant increase worldwide with India exporting organic products worth $ 515 million in 2017-18 with organic products being exported to USA, European Union, Canada, Switzerland, Australia, Israel, South Korea, Vietnam, New Zealand, Japan etc.

The major demands under the organic product category are for oil seeds, cereals & millets, sugar, fruit juice concentrates, tea, spices, pulses, dry fruits, medicinal plant products etc. As per the Indian Organic Sector - Vision 2025 report, India's organic business has immense potential to reach the INR 75,000 crore mark by 2025 from INR 2,700 crore (in 2015).

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, February 14 2020. 09:15 IST
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