| A00125 | Pages: 120 | Feb 2022 | 53106 Views | ||
| Author(s) : Dinesh Thakur , Roshan Deshmukh | Tables: 141 | Charts: 63 |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Organic Food And Beverages Market
Request Now !The global organic food and beverages market size was valued at $187,485.6 million in 2020 and is estimated to reach $860,625.7 million by 2031, registering a CAGR of 14.9% from 2022 to 2031. The rise in awareness regarding the health among consumers and the various health benefits of organic food and beverages intake have encouraged the growth of the global organic food and beverages market.
The COVID-19 pandemic has significantly boosted the growth of the global organic food and beverages market. According to the Organic Trade Association, the U.S. witnessed an all-time high sales of organic food and non-food items in 2020. The organic sales in the U.S. was recorded at $61.9 billion in 2020. The organic food witnessed a growth of 13% and the sales reached $56.5 billion in 2020. The increase in health-consciousness trend and the rise in focus of consumers towards healthy food intake during the pandemic to improve their immunity and gut health augment the demand for the organic food and beverages in the market.
The growing environmental concerns over the use of harmful chemicals in agriculture and farming and its ill-effects on consumers’ health result in the increase in demand for the organic food and beverages. The surge in prevalence of chronic diseases such as cancer, diabetes, and cardiovascular diseases among the global population, the increase in burden of infectious diseases, increase in healthcare expenditure, and the rise in health-consciousness trend are some of the prominent factors that shift consumers’ focus towards the adoption of healthy and quality food and beverages across the globe.
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The surge in demand for the clean label food and beverage products is expected to be a significant driver for the growth of the organic food and beverages Industry. Consumers have become more conscious regarding the food or beverages they consume. They want to gain information regarding the ingredients of the food & beverages, their source, and certifications of government authorities to ensure that every product is organic and sustainable. The rise in health-consciousness among consumers exponentially increases the demand for the sustainable food and beverages.
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According to the organic food and beverages market analysis, the market is segmented based on the product type, process, distribution channel, and region. On the basis of product type, the organic food and beverages market is segmented into organic foods and vegetables, organic meat, fish and poultry, organic dairy products, organic frozen and processed foods, organic non-dairy beverages, organic coffee and tea, organic beer and wine, and other organic food and beverages. On the basis of process, the market is segregated into processed and unprocessed. On the basis of distribution channel, the organic food and beverages market is divided into supermarket/hypermarket, specialty stores, convenience stores, online sales channels, and others (food service, groceries, & others). On the basis of region, the global organic food and beverages market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, United Arab Emirates, Saudi Arabia, and rest of LAMEA).
Based on product type, the organic meat, fish, and poultry and organic dairy products segments are expected to be the fastest-growing segments during the forecast period. The rise in meat consumption and surge in demand for the organic dairy products are owing to the rise in awareness of the health benefits of the clean labelled and sustainable organic food.
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Based on process, the unprocessed segment dominated the organic food and beverages market, garnering 93.0% of the organic food and beverages market share in 2020. The fresh and unprocessed organic food and beverages are beneficial for health. Processed food are carcinogenic and hence, the demand for the unprocessed organic food products is high.
Based on distribution channel, the online sales segment is expected to be the fastest-growing segment during the forecast period. The rapid penetration of the online groceries and online food delivery platforms across the globe coupled with the surge in adoption of smartphones and the rise in number of internet users are the major factors that are expected to propel the growth of the online sales channel segment in the global market. The supermarket/hypermarket segment accounted for 35.2% of the market share in 2020 and was the dominating market. This is attributed to the increased penetration of the supermarket and hypermarkets in the developed regions such as Europe and North America. It serves as a popular sales channel in the developed market for purchasing groceries and other food items.
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Based on the region, Asia-Pacific is expected to grow at a significant rate during the forecast period. The rise in awareness of health benefits of organic products, rise in disposable income of the consumers, and improving standard of living in the region are the major factors that influence the market growth.
The key market players profiled in the report are WhiteWave Foods Co., Hain celestial Group, Inc., General Mills Inc. United Natural Foods, Inc., SpartanNash Company, Amy's Kitchen, Inc., Dean Foods Company, Starbucks Corporation, The Kroger Co., and Whole Foods Market Inc.
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Key Market Segments
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The organic food and beverages market holds a substantial scope for growth, globally. The market is in its growth stage and its contribution to the global market is projected to increase significantly within the next ten years. High price is a major limitation for purchasing the organic food and beverages. However, soil adaptability for organic farming requires around three years, due to which prices are high currently and are expected to decline in the near future. These strategies stretch beyond the renewability aspect and emphasize a differentiated offer to satisfy varying functional and sustainability performance needs in different market segments.
Strategic practices among the world’s largest multinational organic food and beverage enterprises interpret into a trend that they tend to adopt a regional, rather than a global, approach to product offering and development. The important interplay between corporate standards and local conditions is emphasized not only in products but also adopted business models essential to be successful in emerging markets.
On the basis of region, the market is expected to register an appreciable growth in the Asia-Pacific region, mostly in developing countries such as India and China, owing to the rise in disposable income demographic and favorable government policies to promote organic farming. Moreover, organic beverages such as organic cold-pressed drinks are gaining popularity in present days, and are expected have huge demand potential in the near future.
A. The global organic food and beverages market size was valued at $187,485.6 million in 2020 and is estimated to reach $860,625.7 million by 2031, registering a CAGR of 14.9% from 2022 to 2031. The rising awareness among the consumers regarding the health benefits of organic products is driving the market growth.
A. The forecast period estimated in the global organic food and beverages market is 2022 to 2031. The report provides a detailed analysis of the upcoming market trends and opportunities along with the market forecasts based on each segment, region, and country.
A. The base year calculated in the organic food and beverages market is 2020. The year 2020 was an exceptional year characterized by the outbreak of the COVID-19 pandemic. The report provides a detailed analysis of the COVID-19 impacts on the global organic food and beverages market along with the multiple case scenarios.
A. The key market players profiled in the report are WhiteWave Foods Co., Hain celestial Group, Inc., General Mills Inc. United Natural Foods, Inc., SpartanNash Company, Amy's Kitchen, Inc., Dean Foods Company, Starbucks Corporation, The Kroger Co., and Whole Foods Market Inc.
A. Based on product type, the organic meat, fish, and poultry and organic dairy products segments are expected to be the fastest-growing segments during the forecast period. The rise in meat consumption and surge in demand for the organic dairy products are owing to the rise in awareness of the health benefits of the clean labelled and sustainable organic food.
A. North America dominated the global organic food and beverages market in 2020. The increased awareness regarding the benefits of the organic products, shifting focus towards sustainability, and increased consumer expenditure on health and wellness are the major factors that contributes towards the growth of the market in North America.
A. The company profile has been selected based on the dominance of various companies in the organic food and beverages market. The key market players profiled in the report are WhiteWave Foods Co., Hain celestial Group, Inc., General Mills Inc. United Natural Foods, Inc., SpartanNash Company, Amy's Kitchen, Inc., Dean Foods Company, Starbucks Corporation, The Kroger Co., and Whole Foods Market Inc.
A. The global organic food and beverages market size was valued at $187,485.6 million in 2020 and is estimated to reach $860,625.7 million by 2031, registering a CAGR of 14.9% from 2022 to 2031. Rising demand for the healthy food and rising health consciousness among the consumers is expected to drive the market growth.
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