Product Code: ETC109723 | Publication Date: Aug 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Organic Sugar market currently, in 2023, has witnessed an HHI of 1473, Which has increased moderately as compared to the HHI of 1441 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The organic sugar market in India is expected to witness a positive growth rate over the forecast period of 2023-2029. This can be attributed to the increasing health awareness among consumers, growing interest in healthy food products and rising availability of organic foods. Moreover, the government`s initiatives for promoting organic agriculture are also likely to have a positive impact on the growth of this market.
Some of the key factors driving growth in IndiaOrganic Sugar Market include increased consumer preference towards natural and healthier alternatives to refined sugar; improved quality assurance standards for organically grown agricultural produce; and increasing disposable incomes, which has allowed India households greater financial leeway when it comes to spending more on such items. In addition, manufacturers are engaging in strategic partnerships with retail stores as well as expanding their product range through online channels ??? both of these trends are expected to catalyze demand growth over the coming years.
The major challenge faced by producers and suppliers in this market is price fluctuation due to changing production costs associated with vehicles or raw materials used during processing operations among others. Additionally, stringent regulations regarding labeling and certification may hamper sales potential further as companies must comply with various requirements from certifying organizations before they can legally sell their products as ???organic??? or ???natural??? sugars within designated marketspace. Additionally, there is also an ongoing issue related to traceable contamination sources which could lead buyers away from buying certain brands if found out that their source isn`t truly `organic.`
Some key players operating in India Organic Sugar Market include 24 Mantra Organic Foods Pvt Ltd., Sweet Bliss Organics Pvt Ltd., Ecofarms Agro Solutions PVT LTD., Gokul Organics & Industries Ltd., Orgpick (Organic Pick), Royal Nut Company LLP amongst many others.