Growing environmental worries about the use of toxic chemicals in agriculture and farming, as well as their negative health impact on consumers, have resulted in a rise in 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 infectious diseases, the rise in healthcare expenditure, and the rise in the health-consciousness are just a few of the major factors driving consumers to adopt healthy and high-quality foods and beverages around the world. Demand of organic food among the population is predicted to be the biggest driving factor for the global market in the estimated period. Presence of large number of retail shops such as Walmart, Costco and many others is also predicted to create more growth opportunity in the region.
Organic food is produced without the use of chemicals. It means that organic food is grown without the use of chemical pesticides, preservatives, or fertilizers. Organic food is gaining popularity as a result of its numerous benefits, and this is expected to be the primary driving factor for the global organic food market analysis during the forecast period. Furthermore, during the forecast period, improved distribution channels and rising population income levels are expected to be major driving forces in the global organic food market.
The production cost of the organic food is typically higher because of high production cost. Moreover, there is still a prejudice in society that considers organic food to be a sign of status and luxury rather than a basic standard. Many people believe organic food represents one's quality of life. As a result, word of mouth may have increased awareness of the term 'organic,' but as a status symbol rather than a sustainable solution, which is predicted to be the biggest restraint for the global market growth in the forecast period.
The organic food market trends is segmented on the basis of type and region. By type, it 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.
Key Market Segments
By Food Type
- Organic Fruit and Vegetables
- Organic Meat, Fish and Poultry
- Organic Dairy Products
- Organic Frozen and Processed Foods
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest Of Asia Pacific
- LAMEA
- Brazil
- Saudi Arabia
- UAE
- South Africa
- Rest of LAMEA
Key Market Players
- organic valley
- Dairy Farmers of America, Inc.
- Dole Food Company, Inc.
- No Limit, LLC
- Frito-Lay North America, Inc.
- The Kroger Co.
- General Mills Inc.
- Hain Celestial
- Danone
- United Natural Foods, Inc.
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Table of Contents
Executive Summary
According to the report, titled, “Organic Food Market," the organic food industry was valued at $168.50 billion in 2021, and is estimated to reach $483.00 billion by 2030, growing at a CAGR of 11.7% from 2022 to 2030.Organic food restricts the use of chemical pesticides, preservatives or fertilizer and are farmed using natural resources. For many years, organic farming has been gaining popularity in countries all over the world. Organic food is being accepted by more and more people due to the presence of multiple benefits such as they are pesticide free and hence not harmful or allergic to the body. Nonetheless, a sizable proportion of consumers in Serbia are willing to pay 80 to 100 percent more for organic foods than for conventionally produced commodities.
Organic food is high in nutrition and aids in the fulfilment of a person's nutritional requirements. Furthermore, growing awareness of the detrimental effects of chemical pesticides and fertilisers found in common fruits and vegetables on the body has fuelled the organic food market trends expansion.
However, because organic food products are more expensive than regular food, organic food market growth is likelyto be restricted in the forecasted time frame. Organic farming uses organic fertilizers, manure, and bio insecticides, which are more expensive than conventional pesticides. Furthermore, organic farming necessitates more manpower and significant efforts in order to provide productive results. Such factors will significantly stifle organic food market growth in the next years.
The rise in the prevalence of chronic diseases such as cancer, diabetes, and cardiovascular diseases among the global population, as well as the burden of infectious diseases, healthcare expenditure, and health-consciousness, are all major factors driving consumers' attention to the adoption of healthy and high-quality food around the world. This has prompted many individuals to include organic foods in their and their children's diets in order to avoid the onset of serious diseases in the future. These factors are anticipated to generate huge organic food market size in future.
The organic food market share 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.
The report focuses on the global organic food market opportunity and the major products & applications, where organic food is involved. It further highlights numerous factors that influence the market growth, such as forecast, trends, drivers, restraints, opportunities, and roles of different key players that shape the market. The report focuses on the overall demand for organic food in various countries, presenting data in terms of both value and volume. The revenue is calculated by proliferating the volume by region-specific prices, considering the region-wise differentiated prices.
IMPACT OF COVID-19 ON THE GLOBAL ORGANIC FOOD MARKET OUTLOOK
- During the COVID-19 pandemic, the global demand for organic food grew in a measurable way. Beginning in 2020, people modified their food purchasing and consumption routines when eateries closed and home cooking became the norm.
- COVID-19 impacted almost all industries by hindering various industrial operations. 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.
- Furthermore, 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 increase in health-consciousness 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.
Key Findings of the Study
- On the basis of type, the fruits and vegetable segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
- On the basis of region, Asia-Pacific is projected to have the fastest growing market during the forecast period.
Companies Mentioned
- Organic Valley
- Dairy Farmers of America, Inc.
- Dole Food Company, Inc.
- No Limit, LLC
- Frito-Lay North America, Inc.
- The Kroger Co.
- General Mills Inc.
- Hain Celestial
- Danone
- United Natural Foods, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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