New Delhi, February 7
As per latest report published by International Federation of Organic Agriculture Movement (IFOAM) Germany and FiBL Switzerland in 2022, the Global Organic Market has been growing at a Compounded Annual Growth Rate (CAGR) of 8.7 % during last six years (2015-=2020). In value terms, the market size has grown from US $ 84 billion in 2015 to US $ 129 billion in 2020 suggesting that the demand for chemical free organic produces has increased in the international market.
The data on domestic consumption of organic product is not available. But it is fact that demand of organic products in the domestic market is increasing with rising health consciousness and more inclination towards organic farming. According to IMARC report Indian India organic food market is expected to exhibit a CAGR of 25.25% during 2022=-2027. Export of organic products for last three years is given below:
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Export of organic products in term of value for last 3 years
Year Exported Qty ( MT) Value ( Crore) Value(USD Million)
2019-20 638998 4686.00 689.10
2020-21 888179 7078.50 1040.96 2021-22 460320 5249.32 771.96
(Source: APEDA)
This information was given by the Union Minister of Agriculture and Farmers Welfare Shri Narendra Singh Tomar in a written reply in Lok Sabha today.
