| Product Code: ETC384504 | Publication Date: Aug 2022 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India red clover market import shipment demonstrated robust growth from 2020 to 2024, with a notable CAGR of 114.1%. The market accelerated further between 2023 and 2024, showing a growth rate of 132.5%, indicating strong momentum and a significantly expanding trend.
The red clover market in India was valued at around INR 40 crore as of 2025 and it`s expected to register a CAGR between 8% owing to its medicinal properties & anti-inflammatory effects. The rise in awareness regarding a holistic approach towards healthcare has amplified India consumer inclination towards herbal medicines including red clover extract thereby fueling its demand across pan India. In addition, the surge seen by local small scale manufacturers offering various product lines containing red clover extracts also supported overall market expansion. Moreover, favorable government policies aimed at boosting agricultural production are likely to create more lucrative opportunities.
The India Red Clover market has been experiencing significant growth, driven by various factors. Red clover is widely recognized for its health benefits and medicinal properties, which have led to an increasing demand for its usage in traditional herbal medicine and alternative therapies. Additionally, the growing awareness among consumers about the potential health benefits of red clover, such as its role in promoting cardiovascular health and menopausal symptom relief, has expanded its market base. Moreover, the rising interest in natural and organic products has spurred the demand for red clover-based supplements and herbal remedies, contributing to the market`s expansion. The agriculture and pharmaceutical industries` efforts to explore the plant`s potential applications have also played a crucial role in driving the red clover market in India.
The red clover market in India faces several challenges due to the crop`s specific cultivation requirements and market demand dynamics. Red clover is a temperate crop that prefers cool, moist climates, making it challenging to grow in certain parts of India with extreme temperatures and limited water availability.The demand for red clover products, such as supplements and herbal remedies, might not be as high as other locally available traditional remedies. This lack of demand could limit the market`s growth potential and affect the profitability of red clover cultivation.Additionally, farmers may face difficulties in accessing quality seeds and technical knowledge related to red clover cultivation. The lack of awareness about its potential benefits and agronomic practices can deter farmers from investing in red clover farming.
COVID-19 disrupted the India red clover market, affecting both production and distribution. Supply chain disruptions and labor shortages resulted in reduced cultivation and processing activities. Additionally, the limited movement of goods and stringent regulations impacted exports. Despite the challenges, there was an increasing awareness of the health benefits associated with red clover, leading to a surge in demand for dietary supplements and herbal products containing red clover extracts.
The India red clover market is dominated by companies involved in the production and distribution of forage seeds and agricultural inputs. Key players in this market include Namdhari Seeds, National Agro Industries, Mahindra Agri Solutions, and Krishidhan Seeds.