India Horticulture Market: Analysis and Forecast 2022-2027
Regional Category Spend, Price Analysis, Key Demand, and Price Indicators, and Best Buying Practices by India Horticulture Market
The India Horticulture was valued to be worth 331 MMT in 2021. In the projection period of 2022-2027, the industry is expected to grow at a CAGR of around 3.5 percent, achieving a value of around 393 MMT by 2027.
The India Horticulture industry report broadly studies the industry, together with important segments, movements, drivers, constraints, the competitive landscape, and other critical market features. The market is primarily driven by a rising population combined with an increased food supply. Uttar Pradesh is the biggest category spender by region which is impelling the demand for the horticulture industry.
India Horticulture: Industry Definition and Segmentation
Horticulture is a category of agribusiness that focuses on surplus plants that are consumed by humans for food, medication, and ornamental reasons. Vegetables, fruits, flowers, herbs, decorative, and exotic plants are all cultivated, manufactured, and supplied in this sector.
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The India Horticulture industry report comprises segments:
- By crop type – Fruits, Plantation crops, vegetables, spices, aromatics, and medicinal, honey
- By regions – Uttar Pradesh, Madhya Pradesh, Andhra Pradesh, West Bengal, Maharashtra
Snapshot of the Report
The regional markets for the industry can be divided into Uttar Pradesh, Madhya Pradesh, Andhra Pradesh, West Bengal, Maharashtra.
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Increased agreements between firms and farmers about the supply and production of agricultural products are moving the market forward. Horticulture entrepreneurship has risen because of government intervention. The government of India heavily subsidises the construction of new greenhouses.
Greenhouse horticulture provides attractive opportunities for enterprises to boost production per square metre while also increasing revenues. In addition, the Indian government is implementing several initiatives targeted at tripling farmers’ income by 2022. Increased horticulture entrepreneurship is predicted to improve market growth because of government assistance.
Category Insight by Region
Uttar Pradesh is the country’s leading area, with a diverse environment that is suited for growing a wide range of horticulture crops. It is the state that produces the most total horticulture crops. For more than 92 percent of small-scale farmers, these crops constitute the principal source of better revenue, employment, and nutrition per unit area.
The sector is propelled by population growth and rising food consumption. As the world’s population expands, so does the demand for food, driving a slew of technological advancements to boost food production and fulfil demand. As a result, market growth is expected to accelerate.
Furthermore, factors such as rapid urbanisation and rising infrastructure have resulted in a reduction of India’s arable land. One of the key causes for the market’s continued expansion is this, paired with the expanding need for food. Organic compounds are also being used in farming because of rising consumer health consciousness.
Best Procurement Practices
The India Horticulture industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major India Horticulture regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Category Management Studies
The practise of horticulture can be classified in several ways. Planting, harvesting, storage, processing, and marketing of fruit and nut crops are referred to as pomology. Olericulture is the practise of growing and selling vegetables. Arboriculture is the study, selection, and care of individual trees, shrubs, and other perennial woody plants.
The production, consumption, and sale of floral crops are referred to as floriculture. Ornamental Horticulture is the display, service, and sale of flower crops. The production and selling of plants intended to improve the attractiveness of the outdoors is known as landscape horticulture.
Key Supplier Profiles included in the Global wheat starch Industry Report
The key players in the market are Richel Group, Rough Brothers, Inc., Certhon, Poly-Tex, Inc., Europrogress, Luiten Greenhouses, Sotrafa, Netafim, Dalsem, and Van der Hoeven Horticultural Projects BV.
The report covers capacity additions, plant shutdowns, investments/divestments, mergers and acquisitions, and other latest developments of the suppliernutms.
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