Vermicompost Market: Organic Farming Trends and Growth Opportunities in 2024

The global Vermicompost revenue was US$ 266 million in 2022 and is forecast to a readjusted size of US$ 628.2 million by 2029 with a CAGR of 14.9% during the forecast period (2023-2029).

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Vermicompost is the product of the composting process using various species of worms, usually red wigglers, white worms, and other earthworms, to create a heterogeneous mixture of decomposing vegetable or food waste, bedding materials, and vermicast, also called worm castings, worm humus or worm manure, is the end-product of the breakdown of organic matter by an earthworm. These castings have been shown to contain reduced levels of contaminants and a higher saturation of nutrients than do organic materials before vermicomposting.

Vermicompost, or vermiculture, most often uses two species of worms: Red Wigglers (Eisenia foetida) or Eudrilus eugenae rarely found in soil and are adapted to the special conditions in rotting vegetation, compost and manure piles.

In India, the Vermicompost revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).

North America is the largest market with about 16% market share. Europe and Japan are follower, accounting for about 30% market share.

The key players are MyNOKE, NutriSoil, Davo's Worm Farms, Earthworm, Wormpower, Kahariam Farms, SAOSIS, Sri Gayathri Biotec, Jialiming, Dirt Dynasty, SLO County Worm Farm, Agrilife, Suman Vermi Compost etc. Top 3 companies occupied about 31% market share.

This report focuses on global and India Vermicompost market, also covers the segmentation data of other regions in regional level and county level.

India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Vermicompost will continue to grow rapidly in the future.

Global Vermicompost Scope and Market Size

Vermicompost market is segmented in regional and country, by players, by type and by application. Companies, stakeholders, and other participants in the global Vermicompost market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by type and by application for the period 2018-2029.

For India market, this report focuses on the Vermicompost market size by players, by Type and by Application, for the period 2018-2029. The key players include the global and local players, which play important roles in India.

By Type
Africa Night Crwlers Vermicomposting
Lumbricus Rebellus Vermicomposting

By Application
Home Gardening
Landscaping
Golf Courses
Horticultural Industry

Key Companies
MyNOKE, NutriSoil, Davo's Worm Farms, Earthworm, Wormpower, Kahariam Farms, SAOSIS, Sri Gayathri Biotec, Jialiming, Dirt Dynasty, SLO County Worm Farm, Agrilife, Suman Vermi Compost

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This release was published on openPR.