India Agritech Market, Industry Revenue, Sales, Market Outlook to 2025: Ken Research

Agriculture plays a crucial role in the economic growth of some of the greatest nations in the India. With uninterruptedly increasing population and growing requirement of agricultural output to encounter the growing requirement, the investments in agriculture technology solutions have been increasing at an impressive pace in India.

According to the report analysis, ‘India Agritech Market Outlook to FY’2025-By Nature of Services (Input Market Linkage & Farming as a Service, Supply Chain, Post Harvest Management & Output Market Linkage, Precision Farming, Advisory & Analytics and Agri Fintech)states that the India Agritech Market is in early growth stage with growing awareness among farmers owing to growth in internet penetration and mobile connectivity.  Several agritech startups have entered the industry, particularly in the last 5 years, seeing the possible of the industry. Government impetus in the form of setting up incubators, grants and entering into the public-private partnerships with these players has also enthused entry of players in the sector. The sector is also observing high level of investment activity, with growing interest from venture capitalist firms and international investors. During 2020 alone, the investment in the segment crossed USD 300 million. The complete agritech industry observed a revenue growth of ~85% throughout FY’2019-FY’2020.

The India Agritech Market has existence of ~600-700 agritech startups as of 2020. Startups in the supply chain & output linkage sector involving Samunnati Agro, Ninjacart and Waycool register the industry on the basis of revenue during FY’2020. Startups in the precision farming, advisory & analytics sector are still in a nascent stage and face the challenge of monetization at scale. Cropin is the important player in the precision farming segment. Within the input market association and farming as a service sector, Agrostar was witnessed to be the leading player. The agri fintech space is presently lead by Samunnati’s NBFC arm and Origo Finance. Most players in the agritech industry compete on the basis of parameters likewise number of farmers on-boarded, partnerships, physical touch points, geographical existence, etc.

With the growth in efficient connection among farmers due to digitalization, the usage of state-of-the-art technologies likewise IoT and cloud would motivate farmers to adopt improved agricultural ecosystem. Surge in the number of agritech startups and growing penetration of sensor-based technologies are among the other aspects leading to the augment in these tech investments, and thereby propelling the aspect growth.

The industry is projected to observe a CAGR of ~32.0% on the basis of revenue by FY’2025. Increasing rural smartphone and internet penetration is predicted to underwrite to greater adoption agritech solutions in the country. ~410 million new smartphone users are predicted to be added to India’s present user base by 2025, without majority of the requirement coming from rural locations. Geographical enlargement to dissimilar states by agritech players is also predicted to be witnessed during the coming years. The entry of new players with the end-to-end solutions along the agribusiness value chain is predicted for the future.

India Agritech Market (Basis Revenue):-

India Agritech Market Segmentations

By Nature of Services, FY’2019-FY’2020 (On the basis of Revenue)

Input Market Linkage & Farming as a Service (FaaS)

Supply Chain, Post Harvest Management & Output Market Linkage

Precision Farming, Advisory & Analytics

Agri Fintech

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By Region (On the basis of No. of Agritech Startups)

Karnataka

Maharashtra

Delhi NCR

Haryana

Tamil Nadu

Telangana

Gujarat

Others

Agritech Startups Covered:-

Input Market Linkage & Farming as a Service (FaaS)

Agrostar

Dehaat

Gramophone

EM3 Agriservices

Gold Farm

Bighaat

Thanos Technologies

Supply Chain, Post Harvest Management & Output Market Linkage

Samunnati Agro

Ninjacart

Waycool

Arya Collateral

Dehaat

Farmlink

Crofarm

Agrowave

Precision Farming, Advisory & Analytics

Cropin

Satsure Analytics

Intello Labs

FarmERP

AgNext

BharatAgri

Yuktix Technologies

Fasal

Agricx

Agri Fintech

Samunnati Financial Intermediation & Services

Origo Finance

Ergos

Gramcover

Aryadhan Financial Solutions

Farmart

Jai Kisan

Poultry & Dairy Tech

Milk Mantra

Country Delight

Stellapps

Happy Cow Dairy

Eggoz

Mr. Milkman

Mooofarm

Key Target Audience:-

Agritech Companies

Input Manufacturing Companies

Venture Capital Firms

Independent Investors

Industry Associations

Rural Banks & NBFCs

Government and Regulatory Bodies

Time Period Captured in the Report:-

Historical Period: FY’2019-FY’2020

Forecast Period:  FY’2021-FY’2025

For more information on the research report, refer to below link:-

India Agritech Market

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