Organic food is gaining international recognition due to health and environmental consciousness. It is produced without synthetic insecticides, fertilizers, or GMOs, supplying perceived fitness benefits. Organic foods comply with farming guidelines emphasizing natural methods for soil health and biodiversity. They prioritize environmental sustainability. This ends in products perceived as healthier and more eco-friendly than conventionally produced foods. Demand extends to meat, dairy, and processed ingredients. As consumers prioritize health and sustainability, the organic food market expands, reshaping the food enterprise.
Global Organic Food Market Trends
The growing recognition of the health advantages of ingesting organic products fuels the increase in the organic food market. Organic foods often have more beneficial nutrients, including antioxidants, than their conventionally grown counterparts. So, people with hypersensitive reactions to ingredients, chemicals, or preservatives may additionally discover that their signs and symptoms reduce or disappear when they consume the most effective organic food. The Pew Research survey states that 76% of adult respondents bought organic food for health concerns. Environmental issues (33%) and convenience (22%) have been the second and third most popular reasons for buying organic food.The growing worries about the environmental effects of agricultural chemicals further fuel the organic food market. The World Health Organization reports that globally, around 422 million human beings have diabetes, with the majority living in low- and middle-income countries, and 1.5 Million deaths are attributed to diabetes yearly. Both the variety of cases and the prevalence of diabetes have gradually grown during the last few decades. The growing occurrence of persistent illnesses like cancer, diabetes, and cardiovascular diseases, coupled with a rise in infectious illnesses and healthcare expenses, prompts clients globally to prioritize healthy, high-quality food and beverages. This reflects an increasing focus on health and well-being.
Launching vegan, cholesterol-free, and gluten-free organic snacks appropriate for people with lactose intolerance and celiac sickness additionally drives an increase in the organic food market. For example, in 'Veganuary' 2023, Unilever's Ben & Jerry’s unveiled the Oatmeal Dream Pie Non-Dairy, featuring Gluten-Free Oatmeal Cookies & Marshmallow Swirls. Their plant-based ice creams lessen the carbon footprint, as visible in Sweden, wherein the Big Pack family ice cream variety was remodeled with a plant-based (pea protein) alternative, resulting in a 37% lower carbon footprint than the original. The company pursues around 20% of its ice cream merchandise to be non-dairy by 2030.
Organic meat, poultry, and dairy might be crucial in the global organic food market
Organic meat, poultry, and dairy are pivotal in the global organic food market due to the increasing need for natural, sustainable, and ethically sourced animal products. These segments provide antibiotic - and hormone-free options, aligning with health and environmental concerns. The Vegetarian Butcher, Unilever's leading plant-primarily based meat brands, emphasizes 'sacrifice nothing' in its products crafted from soy and wheat. It has expanded to over fifty-five international locations, capitalizing on successful partnerships with quick-service eating places like Starbucks and Burger King.United States has the potential to take the lead in the global organic food market
The United States could dominate the global organic food market. This is because of improved consumer demand for healthier, eco-friendly alternatives. According to the USDA, certified organic land for crops or livestock has surged from 1.8 Million acres in 2000 to 4.9 Million acres in 2021, with natural income making up three percent of US farm receipts. The US leads organic production and export, adhering to strict USDA organic standards. These rules, overseen by the National Organic Program, govern labeling organic foods. Certified natural products should meet these standards, ensuring compliance with US organic laws. Growing health focus and patron desire for organic food bolster America's dominance, strengthened by using robust infrastructure and distribution networks.Global Organic Food Company News
Danone S.A., General Mills Inc., Sprouts Farmers Market Inc., The Hain Celestial Group Inc., The Kroger Company, United Natural Foods Inc., Dole Food Company Inc., and Newman's Own are the crucial enterprises in the global organic food market.- In January 2024 - Tata Consumer Products Ltd (TCPL) is set to acquire Capital Foods and Organic India, known for its organic herbal teas and health foods, in distinct transactions. These acquisitions align with TCPL's strategic aim to broaden its range of products.
- In January 2024 - French dairy company Danone sold its Horizon Organic and Wallaby units based in the US to Platinum Equity, a local investment firm, for an undisclosed amount.
- In November 2023 - The brand 'Bharat Organics' belonging to the newly launched National Cooperative Organics Ltd (NCOL), plans to release 20 different products in the market by December 2023. Over time, it aims to establish itself as the most dependable brand for organic products from India.
- In March 2023 - Avafina Organics introduced an outstanding vegan alternative to caviar called Chiaviar™. It is a certified organic, raw, vegan, gluten-free, and non-GMO project verified.
- In April 2022 - Agriculture technology startup DeHaat acquired a 75% stake in YCook, which specializes in producing processed food.
Product Type - Global Organic Food Market breakup in 8 viewpoints:
1. Organic Fruits and Vegetables2. Organic Meat
3. Poultry and Dairy
4. Organic Processed Food
5. Organic Bread and Bakery
6. Organic Beverages
7. Organic Cereal and Food Grains
8. Others
Distribution Channel - Global Organic Food Market breakup in 2 viewpoints:
1. Polyvalent Anti-Venom Supermarkets/ Hypermarkets2. Specialty Stores
3. Convenient Stores
4. Online Retail Stores
5. Others
Country - Global Organic Food Market breakup of 25 Countries:
1 North America
1.1 United States1.2 Canada
2 Europe
2.1 France2.2 Germany
2.3 Italy
2.4 Spain
2.5 United Kingdom
2.6 Belgium
2.7 Netherlands
2.8 Turkey
3 Asia Pacific
3.1 China3.2 Japan
3.3 India
3.4 South Korea
3.5 Thailand
3.6 Malaysia
3.7 Indonesia
3.8 Australia
3.9 New Zealand
4 Latin America
4.1 Brazil4.2 Mexico
4.3 Argentina
5 Middle East & Africa
5.1 Saudi Arabia5.2 UAE
5.3 South Africa
All the key players have been covered from 3 viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Danone S.A.2. General Mills Inc.
3. Sprouts Farmers Market Inc.
4. The Hain Celestial Group Inc.
5. The Kroger Company
6. United Natural Foods Inc.
7. Dole Food Company Inc.
8. Newman's Own
Table of Contents
Companies Mentioned
- Danone S.A.
- General Mills Inc.
- Sprouts Farmers Market Inc.
- The Hain Celestial Group Inc.
- The Kroger Company
- United Natural Foods Inc.
- Dole Food Company Inc.
- Newman's Own
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 200 |
Published | April 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 205.9 Billion |
Forecasted Market Value ( USD | $ 532.72 Billion |
Compound Annual Growth Rate | 11.1% |
Regions Covered | Global |
No. of Companies Mentioned | 8 |