Source: IMARC Group | Category: Agriculture | Author Name: Tarang

Report Introduction

According to IMARC Group’s latest report titled "Agriculture Industry in India Size, Share, Trends and Forecast by Subsectors, 2026-2034", this study offers a granular analysis of the backbone of the Indian economy. The study offers a profound analysis of the industry, encompassing market share, size, Agriculture Industry in India trends factors, Outlook, and subsector insights. The report covers critical market dynamics, including the rapid adoption of Precision Agriculture, the impact of government-led digital infrastructure initiatives, and the shift towards high-value horticulture and organic farming.

Market At-A-Glance: Key Statistics (2026-2034):

  • Current Market Size (2025): INR 1,09,737.7 Billion
  • Projected Market Size (2034): INR 2,51,993.1 Billion
  • Growth Rate (CAGR): 9.68%
  • Dominant Subsector: Farming (18% share)
  • Key Players: DuPont India, Rallis India Limited (Tata Chemicals Limited), Nuziveedu Seeds Limited, Godrej Agrovet Limited, Nestle India Limited, Advanta Seeds, Parle Products Pvt. Ltd., Britannia Industries Limited, and IFFCO

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Agriculture Industry In India Overview

The Agriculture Industry in India size reached INR 1,09,737.7 Billion in 2025. Looking forward, IMARC Group expects the market to reach INR 2,51,993.1 Billion by 2034, exhibiting a robust growth rate (CAGR) of 9.68% during 2026-2034.

The sector is undergoing a massive transformation driven by the integration of digital technologies and precision farming. Farmers and agribusinesses are increasingly adopting IoT-enabled farm management systems, AI-driven analytics, and drones for real-time crop monitoring and resource optimization. Government initiatives like the Digital Agriculture Mission are creating a unified farmer database, facilitating better access to credit and markets. Furthermore, the industry is witnessing a structural shift towards climate-resilient and sustainable practices, with a significant expansion in organic and natural farming acreage. The Food Processing sector is also emerging as a key growth driver, enhancing value addition and export potential.

Top Emerging Trends in the Agriculture Industry in India:

  • Digital Transformation: Widespread adoption of mobile advisory apps, digital marketplaces (e-NAM), and AI-led supply chains to reduce wastage and improve price discovery for farmers.
  • Precision Farming: Rising use of satellite imagery, NDVI technology, and automated irrigation systems to optimize input usage and maximize yields, supported by government investments in Precision Farming Development Centers.
  • Sustainable Agriculture: A strong push towards organic and natural farming, with government plans to introduce 1 crore farmers to natural farming practices and establish bio-input resource centers.
  • Agri-Tech Innovation: The proliferation of agritech startups offering solutions in supply chain management, micro-credit, and crop insurance, attracting record venture capital investment.

Agriculture Industry Growth Factors (Drivers)

  • Government Support: Massive budgetary allocations (INR 1.27 Lakh Crore in 2025-26) and schemes like PM-KISAN and Pradhan Mantri Krishi Sinchayee Yojana provide financial stability and infrastructure support.
  • Rising Food Demand: India's growing population and evolving dietary habits are driving demand for diverse food products, including high-value fruits, vegetables, and processed foods.
  • Export Growth: Enhanced global market access and value chain development are boosting agricultural exports, particularly in processed food products, which have seen a significant rise in share.
  • Infrastructure Development: Investments in cold chains, warehousing, and rural logistics are reducing post-harvest losses and improving market linkages for smallholder farmers.

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Market Segmentation

Analysis by Subsectors:

  • Farming (Dominant segment; driven by MSP and domestic demand)
  • Agriculture Equipment
  • Fertilizers & Pesticides
  • Food Processing (Fastest growing value-add segment)
  • Dairy Market
  • Fisheries & Poultry
  • Cold Chains & Warehousing
  • Floriculture, Apiculture, Sericulture
  • Seeds & Animal Feed
  • Bio-Agriculture Market

Regional Insights:

  • North India: Major grain basket (Wheat/Rice).
  • South India: Dominant in spices and plantation crops.
  • West & Central India: Key for pulses, oilseeds, and cotton.
  • East India: Significant potential in rice and fisheries.

Agriculture Industry Recent Developments & News

  • October 2025: Prime Minister Shri Narendra Modi inaugurated the Mission for Aatmanirbharta in Pulses with a budget of ₹11,440 crore to achieve self-sufficiency in pulse production.
  • September 2024: The government announced a INR 6,000 crore investment in precision farming technologies under the Mission for Integrated Horticulture Development.
  • Solar Integration: Proposals to expand PM-KUSUM with field-mounted solar panels, aiming to transform farmers into renewable energy suppliers.

Why Buy This Report? (High-Value Insights)

  • Granular Segmentation: Detailed analysis of Farming vs. Food Processing growth dynamics, helping investors identify high-yield subsectors.
  • Policy Impact: In-depth breakdown of how schemes like Digital Agriculture Mission are reshaping the competitive landscape.
  • Future-Ready Trends: Insights into the commercial viability of Bio-Agriculture, highlighting the shift towards non-chemical farming inputs.

Key Highlights of the Report

  • Market Forecast (2026-2034): Quantitative data on market value and steady growth.
  • Competitive Landscape: Comprehensive analysis of leading agribusinesses and their digital strategies.
  • Strategic Analysis: Porter’s Five Forces analysis and value chain assessment.
  • Technological Trends: Insights into AI and IoT applications in agriculture.

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