Dublin, Oct. 18, 2013 (GLOBE NEWSWIRE) -- Research and Markets
(http://www.researchandmarkets.com/research/2mf2wr/organic_food) has announced the addition of the "Organic Food Market in India 2012-2016" report to their offering.
TechNavio's analysts forecast the Organic Food market in India to grow at a CAGR of 21.34 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased number of health conscious consumers. The market has also been witnessing an increased focus on organic farming. However, the high cost of organic food could pose a challenge to the growth of this market.
The key vendors dominating this market space include Conscious Food Pvt. Ltd., Eco Farm Ltd., Morarka Organic Foods Pvt. Ltd., Organic India Pvt. Ltd., and Sresta natural Bioproducts Pvt. Ltd.
Commenting on the report, an analyst from the team said: ''Organic farming is the production of crops without the use of chemical fertilizers and synthetic pesticides. Organic farming provides long-term benefits to the environment and consumers. The market is witnessing the increasing adoption of organic farming because of the increasing demand for organic food products. In India, agriculture plays a vital role in the national economy; the government of India is offering strong support and promoting organic farming as it will increase the contribution of the Agricultural sector to the GDP of the country. The government is also promoting organic farming for its positive impact on the biodiversity and effective soil management, which could go a long way in mitigating and even reversing the effects of climate change, as also minimizing carbon emissions. Thus, the adoption of organic farming is a positive trend that could increase the contribution of the Agriculture sector to the GDP of the country during the forecast period.''
For more information visit http://www.researchandmarkets.com/research/2mf2wr/organic_food
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.