OFIC 2019 | ORGANIC FOOD INDIA CONCLAVE

Saturday, 31st August, 2019 | Novotel Juhu, Mumbai

Global organic food & beverages market is expected to reach USD 211.44 billion by 2020, growing at a CAGR of 15.7% from 2014 to 2020. Growing adoption of organic food & beverages owing to associated health benefits and eco-friendly characteristics is expected to drive demand over the next six years. In addition, regulatory support for organic farming is also expected to have a positive influence on the market by improving supply and product quality. Global organic food and beverages market was valued at approximately USD 124.76 billion in 2017 and is expected to generate revenue of around USD 323.09 billion by the end of 2024, growing at a CAGR of around 14.56% between 2017 and 2024.

In India, majority of the demand for organic foods is originating from Tier I cities such as Mumbai, Delhi, Chennai, Bangalore, Gurgaon and Pune. Companies are witnessing increase in sales as a result of increasing demand from metro cities and the entry of several new players in the organic food market offering an online channel for purchase. Organic food usually costs up to 20% to 30% more than conventional food items which is one of the major challenges in Indian market as majority of the consumers are quite price sensitive. However, at the same time increasing health consciousness and increasing disposable income among Indians is incessantly increasing the demand for organic food.

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With an array of focused services and specialized curations, Tefla's not only caters to the entire gambit of events, but has also conceptualized a blend of legacy event IPs.

With an array of focused services and specialized curations, Tefla's not only caters to the entire gambit of events, but has also conceptualized a blend of legacy event IPs.