Environmental Friendly and Sustainable Food Global Market Report 2024

The environmental friendly and sustainable food market size has grown strongly in recent years. It will grow from $115.9 billion in 2023 to $124.17 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth observed during the historic period can be attributed to several factors, including the growing demand for organic produce, heightened awareness about climate change, the adoption of eco-friendly farming practices, movements advocating for food sovereignty, and increasing concerns about environmental sustainability.

The environmental friendly and sustainable food market size is expected to see strong growth in the next few years. It will grow to $161.7 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The projected growth in the forecast period is expected to be driven by several factors, including the rising consumer awareness and education regarding environmental and social impacts of food choices, an increasing preference among consumers for healthier and ethically sourced food options, a growing focus on health and wellness, and an increasing demand for food products sourced from ethical and sustainable practices. Major trends anticipated during this period include the adoption of certification standards for sustainable and ethical food production, the expansion of regenerative agriculture practices, advancements in food waste reduction technologies, the growth of food cooperatives and collective purchasing initiatives, and developments in production line technologies to enhance efficiency and sustainability in food production.

The escalating demand for organic produce is poised to drive the expansion of the environmentally friendly and sustainable food market in the foreseeable future. This surge in demand is fueled by increasing consumer awareness regarding the health and environmental advantages associated with organic products. Organic produce stands out for its environmentally conscious and sustainable production practices, which aim to minimize adverse impacts on the environment, foster ecological equilibrium, and promote long-term agricultural sustainability. Notably, data from the Organic Trade Association in 2023 revealed a significant milestone in the United States, with organic food sales soaring to a record $56.4 billion in 2021, reflecting a noteworthy 12.4% upswing from the preceding year. Consequently, the escalating demand for organic produce serves as a primary catalyst propelling the growth trajectory of the environmentally friendly and sustainable food market.

Key players within the environmentally friendly and sustainable food market are strategically focusing on innovative technologies, such as cellular agriculture techniques, to align with evolving consumer expectations. Cellular agriculture techniques entail cultivating animal cells in a controlled environment outside of the animal's body. For instance, in April 2022, Air Protein, a pioneering US-based startup, introduced an innovative meat alternative named "Air Meat," crafted using microbes capable of converting recycled carbon dioxide into protein. This groundbreaking approach to meat production is carbon-negative, harnessing carbon dioxide to synthesize protein and ultimately aims to sequester carbon dioxide from the atmosphere via direct-air capture plants. Air Meat is meticulously designed to replicate the flavor and texture of conventional meat products such as steak, chicken, pork, and seafood. By offering a sustainable and environmentally friendly protein source, this technology aligns seamlessly with the ethos of the environmentally friendly and sustainable food market, contributing significantly to mitigating the climate impact of agriculture while meeting consumer demand for nutritious and eco-conscious food options.

In January 2024, Generation Food Rural Partners (GFRP), a pioneering inception-stage venture fund headquartered in the US, specializing in commercializing university-developed intellectual property within the realms of food, protein, and agriculture technologies, completed the acquisition of DisSolves Inc. for an undisclosed sum. The primary objective of this acquisition is to propel the advancement and commercialization of environmentally friendly and sustainable food packaging solutions. This strategic move resonates with GFRP's overarching mission to foster economic growth and vitality in rural communities through investments in innovations within the agriculture, food, and protein sectors. DisSolves, Inc., a US-based edible packaging startup, distinguishes itself with its patented technology utilizing biodegradable and edible components.

Major companies operating in the environmental friendly and sustainable food market report are WhiteWave Foods Company, Amy's Kitchen, Earthbound Farm, Ben & Jerry's Homemade Holdings Inc., Beyond Meat Inc., Organic Valley Cooperative, Clif Bar & Company, Nature's Path Foods, Impossible Foods Inc., Patagonia Provisions, Nutiva, Eden Foods Inc., Applegate Farms LLC, Annie's Homegrown, Lundberg Family Farms, Stonyfield Organic, Dr. Bronner's, Honest Tea, Newman's Own Inc., Sir Kensington's, Alter Eco, Kashi Company, Cascadian Farm Organic, Simply Organic, Organic Gemini.

North America was the largest region in the environmental friendly and sustainable food market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the environmental friendly and sustainable food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the environmental friendly and sustainable food market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Environmental friendly and sustainable food encompasses food products and practices that prioritize minimizing environmental impact, promoting biodiversity, and fostering social equity across the entire production, distribution, and consumption chain. These efforts aim to support healthier ecosystems and communities through responsible production and consumption practices.

The primary products within the realm of environmental friendly and sustainable food include organic food, plant-based or alternative proteins, sustainable seafood, and other similar offerings. Organic food refers to products cultivated or produced without the use of synthetic pesticides, fertilizers, or genetically modified organisms (GMOs), adhering to stringent guidelines established by organic certification bodies. These products are distributed through various channels, including supermarkets, specialty stores, online retailers, foodservice providers, and others, catering to consumers across different age groups, including those aged 16-34, 35-54, and over 55 years old.

The environmental friendly and sustainable food market research report is one of a series of new reports that provides environmental friendly and sustainable food market statistics, including environmental friendly and sustainable food industry global market size, regional shares, competitors with an environmental friendly and sustainable food market share, detailed environmental friendly and sustainable food market segments, market trends and opportunities, and any further data you may need to thrive in the Environmental friendly and sustainable food industry. This environmental friendly and sustainable food market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The environmental friendly and sustainable food market consists of sales of seasonal eating, food preservation, and edible insects. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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