Indian Exotic Vegetables Market To Grow At A CAGR Of 5% During The Forecast Period Of 2023-2028

The new report by Expert Market Research titled, ‘Indian Exotic Vegetables Market Share, Size, Price, Growth, Analysis, Report and Forecast 2023-2028’, gives an in-depth analysis of the Indian exotic vegetables market, assessing the market based on its segments like varieties, sectors, distribution channels, producing states, and consuming states.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Indian Exotic Vegetables Market Size, Share, Price, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

Forecast CAGR (2023-2028): 5%

The increasing demand for exotic vegetables in India, such as sweet corn, lettuce, and baby potatoes, among others, owing to the rising disposable income and increasing awareness about the high nutritional value of these vegetables, is driving the market growth in the country.

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In addition to this, the increasing demand for green exotic vegetables, owing to the increasing inclination towards health and fitness, is further propelling the market growth. Over the forecast period, the increasing population of the country and rapid urbanisation are likely to lead to robust development of supermarkets and convenience stores, which will bolster the sales of exotic vegetables.

Indian Exotic Vegetables Industry Definition and Major Segments

Exotic vegetables are the type of vegetables which are cultivated exclusively. These are grown and harvested in areas which are not native to the vegetable. Broccoli, parsley, and cherry tomato, among others, are some of the typical examples. Moreover, the commercial cultivation of these vegetables is carried out in green shade net houses.

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On the basis of variety, the market can be bifurcated into:

Mushrooms-Button
Sweet Corn
Baby Potatoes
Cherry Tomatoes
Broccoli
Coloured Capsicum
Zucchini
Lettuce
Purple Cabbage
Others

Based on sector, the market has been segmented into:

Organised Sector
Unorganised Sector

The major distribution channels of the product are as follows:

Unorganised Retail
Supermarket/Hypermarket
Online
Exports
Others

The major producing states included in the market are as follows:

West Bengal
Uttar Pradesh
Bihar
Madhya Pradesh
Gujarat
Others

The major consuming states included in the market are as follows:

West Bengal
Uttar Pradesh
Bihar
Madhya Pradesh
Maharashtra
Others

Indian Exotic Vegetables Market Trends

The key trends in the home and personal care pigments market include the growing expansion of the e-commerce industry in the country, along with the rising online purchasing power of the population. E-commerce applications, such as Blinkit, and Swiggy, among others, are gaining significant popularity, which is leading to an enhanced vegetable product portfolio.

Meanwhile, the favourable policies of the government encouraging the growth and harvest of exotic vegetables, such as broccoli and coloured capsicum, among others, are likely to be the crucial trends in the market. Furthermore, the market growth is anticipated to be aided by the increasing penetration of exotic vegetables in restaurant cuisines and food outlets.

Key Market Players

The major players in the market are:

Shreenath Agro Tech Pvt Ltd.
Nisarg Nirman Agro Products Pvt. Ltd.
S. P. Vegetables
Lawrencedale Agro Processing India Pvt Ltd.
Green Earth Fresh Produce (P) Ltd.
Others

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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