Organic Food Market Research, 2030
The global organic food market was valued at $168.50 billion in 2021, and is projected to reach $483.00 billion by 2030, growing at a CAGR of 11.7% from 2022 to 2030.
The organic food market is segmented into and Food Type.
The global organic food market size was valued at $168.5 billion in 2021 and is projected to reach $484 billion by 2030, growing at a CAGR of 11.77% from 2022 to 2030.
Organic food is produced by various methods of farming without using any preservatives or chemicals. The important organic food products traded in the international market are processed fruits and vegetables, dried fruits and nuts, cocoa, spices, herbs, sweeteners, dried leguminous products, dairy products, processed foods and fruit preparations. This organic food is majorly produced by practicing organic farming, without using any chemical pesticides and fertilizers. Organic farming involves the use of natural fertilizers like manure to improve plant growth. Moreover, animals raised organically are not given any hormones and are raised giving natural elements.
The organic food market growth is likely to be driven in the forecast time period owing to growing awareness among consumers regarding high benefits of these food products on their health. Organic food is overloaded with high nutrition and helps in fulfilling nutritional requirement of the person’s body. Also, increasing knowledge about harmful effects of chemical pesticides and fertilizers, which are present in normal fruits and vegetables, on the body has further driven organic food market size growth.
The massive rise of the global organic food sector may mostly be linked to rising consumer health-care spending. Consumers have started to place a larger emphasis on their health, as well as the nutritional content and quality of the food they consume, in recent years.
However, organic food industry is likely to be hampered in the predicted time span as organic food products are costlier compared to normal food. Organic farming involves use of organic fertilizers, manure and bio pesticides which are costly compared to chemicals. Also, organic farming involves more man power and extensive efforts to yield fruitful efforts. Such factors are majorly responsible for hampering organic food market share growth in the next few years.
Concerns about the use of harmful chemicals in agriculture and farming, as well as the negative effects on consumer health, are driving up the demand for organic food. The rise in the prevalence of chronic diseases such as cancer, diabetes, and cardiovascular diseases among the global population, the rise in the burden of infectious diseases, the rise in healthcare expenditure, and the rise in health-consciousness are some of the major factors that are shifting consumers' focus around the world toward the adoption of healthy and high-quality food. This factor has surged people to incorporate organic food products in their and their children’s diet to prevent occurrence of any major disease in future.
The market is segmented on the basis of type and region. By type, the market is classified into fruit and vegetables, meat, fish and poultry, dairy products, frozen and processed foods and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include Organic Valley., Dean Foods, Dole Food Co., Inc., Newman’s Own, Inc., Whole Foods Market IP. L.P., Frito-Lay, The Kroger Co., Inc. and Clif Bar & Company, among others
By type, fruits and vegetable sub-segment had the highest market growth in 2021, and it is projected to remain the dominant sub-segment during the forecast period. Organic fruits and vegetable production prohibits the use of chemical pesticides, chemical fertilizers, or chemical preservatives. Increasing cultivation of various organic fruits and vegetables with the increase in the demand for various organic products across the globe is predicted to boost the segment in the estimated period. Organic labelling on fruits and vegetables informs the consumer that the product was produced using specific methods. Growing consumer awareness of the benefits of organic products, as well as their low prices and easy availability, are driving the growth of the organic food market.
By region, Asia-Pacific is projected to be the fastest growing market during the forecast period. This is attributed to numerous factors such as large production of organic food in US and Canada and wide consumer base. The key factors driving the region's product market growth are increased disposable income and a high spending capacity on health and related products. Organic product sales in the United States were estimated to be $28.4 billion in 2012, accounting for more than 4% of total food sales, and are expected to reach $35 billion in 2014. Furthermore, disposable income in developing countries is rising, as is spending on health diets.
IMPACT OF COVID-19 ON THE GLOBAL ORGANIC FOOD MARKET
- The organic food business has been greatly impacted by COVID-19. As consumers have become more conscious of the necessity of a strong immune system, consumer shopping patterns have altered, resulting in a preference for more organic and natural foods.
- Furthermore, following the outbreak in 2020, the organic food market trends is undergoing a paradigm change, with customers beginning to purchase more organic commodities as a preventative health strategy.
- This shift in mentality is projected to keep the organic food market opportunity growing in the future. In fact, the organic food business has grown globally, notably in fruit and vegetables.
Furthermore, certain significant firms have seen an increase in demand for organic foods, such as General Mills Inc., a consumer goods company based in the United States
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the organic food market analysis from 2021 to 2030 to identify the prevailing organic food market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the organic food market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global organic food market trends, key players, market segments, application areas, and market growth strategies.
Organic Food Market Report Highlights
| Aspects | Details |
 By Food Type |
|
 By Region |
|
 Key Market Players | No Limit, LLC, Frito-Lay North America, Inc., Dole Food Company, Inc., Dairy Farmers of America, Inc., The Kroger Co., organic valley, Hain Celestial, United Natural Foods, Inc., General Mills Inc., Danone |
Analyst Review
According to the CXOs of the leading companies, the global organic food market possesses a substantial scope for growth in the future. Increasing awareness among population regarding organic food is predicted to be the biggest driving factor for the global market. On the other hand, the higher production and retail cost of the organic food products are factors restricting the market growth. Moreover, improved distribution channel and rise in the income level among the population is predicted to be the one of the biggest driving factors for the global organic food market in the estimated period. According to the CXOs, Asia-Pacific is projected to register fastest growth as compared to North American and European markets
Agreement, business expansion, and product launch are the key growth strategies of global organic food market players
Rapid expansion of food industry in the organic food sector, along with rising awareness about organic food among people across the world and increase in their income level are projected to accelerate the growth of the organic food market
North America held largest market share of the global market in 2021
The global organic food market size was valued at $168.5 billion in 2021.
Organic Valley., Dean Foods, Dole Food Co., Inc., Newman’s Own, Inc., Whole Foods Market IP. L.P., Frito-Lay, The Kroger Co., Inc. and Clif Bar & Company, among others
Household sector and commercial industries include the major customers of global organic food market
The popularity of organic food has increased because of its multiple health benefits. These naturally grown fruits, vegetables, eggs, or meat helps build our immune system. These benefits have increased the demand of such foods in the market. Moreover, presence of large number of retail shops such as Walmart, Costco and many others is predicted to create more growth opportunity in the market
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