The 3rd Global Organic Expo 2022 (GOE) was successfully held between 26 – 28 May 2022 at the Indian Agriculture Research Institute, Pusa in New Delhi, INDIA. As one of the India’s top two exhibitions of organic farming, natural farming, organic products, organic fertilizers with the opt theme of “PROFITABILITY FOR HUMANITY” is an all-Inclusive showcase of development outcomes of India’s undertaking of Organic produce, Certification, Packaging, Marketing, Logistic and Land Management. The event was inaugurated by Mr. Pawan Chamling, an Indian politician and former Hon'ble Chief Minister of Sikkim under whose leadership Sikkim became India's first 100% organic state. The 3 days conference was dedicated to Bharat Ratna, Rashtra Rishi, Shraddha Nanaji Deshmukh, who dedicated his entire life for the betterment of rural India by saving the Soil, Air, Water, Living Organisms and Nature of our Mother Earth.
The 4th edition of the Global Organic Expo (GOE) is coming to cover all aspects of agriculture except the use of chemical fertilizers and pesticides. Apart from the organic foods and inputs GOE 2023 is coming with four concurrent shows i.e., Global Natural Farming & Machinery Expo (GNFME 2023), Millets Expo, Agro Science & Technology Expo and Conference (ASTEC) and Global integrated Horticulture Expo & Conference (GIHEC).
The organic food market consists of sales of organic food and beverages and related services. The production of organic food involves practises that promote ecological balance and aim to conserve biodiversity. These food products do not use any food additives or industrial solvents.
The global organic food market grew from $259.06 billion in 2022 to $294.54 billion in 2023 at a compound annual growth rate (CAGR) of 13.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The organic food market is expected to grow from $512.01 billion in 2027 at a CAGR of 14.8%.
Increasing health concerns due to growing number of chemical poisoning cases globally is acting as a driver in the organic food market. Consumers are becoming more health-conscious owing to the harmful effects caused by the presence of chemical pesticides in food products. The toxicity of chemical pesticides in food products can cause cancer, hormone disruption, and birth defects. According to a UN report, around 200,000 people die every year due to the toxic effects of pesticides on food products. This is causing consumers to shift their focus towards organic food products.
The India organic food market stood at a value of USD 1238 million in 2022 and is expected to grow at a CAGR of about 22% in the forecast period of 2022 and 2028 to reach a value of about USD 4082 million by 2028.
The India organic food market is experiencing a robust growth with the rising awareness about the products. The growing level of health consciousness in the country is a key factor driving the demand for organic food. The nutritional content and quality of the food they eat have begun to be paid attention to by Indian consumers leading to the growing demand for organic food. In addition, the consumer spending on health and wellness products has increased dramatically due to factors including strong economic growth, urbanisation, and rising income levels. In addition, the strong government funding is catalysing the market for organic food in India. The Government of India encourages organic farming through financial assistance to farmers who are implementing organic farming under various government schemes, such as the Mission for Integrated Horticulture Development (MIDH), National Food Security Mission (NFSM), NMSA, and Rashtriya Krishi Vikas Yojana (RKVY).