Global Organic Food Market to Grow with a CAGR of 13.8% through 2028
The Global Organic Food market is driven by
various factors such as increasing health consciousness among consumers,
coupled with a desire for environmentally sustainable products.
According to the
TechSci Research report, “Organic Food Market – Global Industry Size,
Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F”, the Global Organic Food market
stood at USD256.3 billion in 2022 and is anticipated to grow with a CAGR of 13.8%
in the forecast period, 2024-2028. The global organic food market has witnessed
remarkable growth in recent years as consumers around the world are becoming
increasingly conscious of the food they consume. With concerns about health,
sustainability, and environmental impact on the rise, organic food has emerged
as a preferred choice for many. This market analysis will delve into the key
drivers, trends, challenges, and future prospects of the global organic food
market.
One of the primary drivers of
the organic food market is the growing awareness among consumers about the
benefits of organic products. People are becoming more health-conscious and are
willing to pay a premium for food that is perceived as healthier and free from
synthetic chemicals and pesticides. Organic foods are often seen as a safer and
more nutritious option, leading to increased demand.
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The global
organic food market has experienced impressive growth driven by consumer demand
for healthier and more sustainable food choices. Key factors fueling this
growth include heightened consumer awareness regarding the benefits of organic
products, a growing emphasis on environmental sustainability, stringent
regulatory support, and expanded retail availability.
Consumers are
increasingly choosing organic foods for their perceived health benefits,
including the absence of synthetic chemicals and pesticides. Furthermore,
organic farming practices are seen as a solution to environmental concerns, as
they promote soil health, reduce water pollution, and minimize chemical usage.
The organic food market has also diversified beyond fruits and vegetables to
include meat and dairy products, appealing to those seeking ethically raised
and antibiotic-free options.
Despite
challenges such as higher pricing and supply limitations, the future looks
promising with ongoing innovation in organic agriculture, growing global
demand, supportive government policies, and increased investment in research
and development. The global organic food market is poised to continue its
expansion as consumers prioritize health, sustainability, and responsible food
production.
The significant
factor contributing to the expansion of the organic food market is the emphasis
on environmental sustainability. Organic farming practices promote soil health,
reduce water pollution, and minimize the use of harmful chemicals. As climate
change and environmental concerns intensify, consumers are increasingly
choosing organic products as a way to support more sustainable agriculture.
Government
regulations and certification programs play a crucial role in the organic food
market. Many countries have established strict standards and certification
processes to ensure that products labeled as "organic" meet specific
criteria. This helps build consumer trust and confidence in organic products
and contributes to the market's growth.
The availability
of organic products has expanded significantly in recent years. Organic foods
are no longer limited to niche health food stores but can be found in
mainstream supermarkets and online marketplaces. This increased accessibility
has made it easier for consumers to incorporate organic products into their
daily lives.
While organic
fruits and vegetables have traditionally dominated the organic food market,
there is a growing demand for organic meat and dairy products. Consumers are
concerned about the use of antibiotics and hormones in conventional animal
farming and are turning to organic options for safer and more ethical choices.
The global organic
food market is segmented based on category, process, sales channel, and region.
Based on the category, the
market is segmented into fruits & vegetables, dairy products, meat, fish
& poultry, and others. Among these, the dairy products segment has a
significant share in the global organic food market during the forecast period.
Consumers are increasingly concerned about the health implications of consuming
conventional dairy products that may contain antibiotics, hormones, and
pesticides. Organic dairy products are seen as a healthier alternative, free
from these synthetic additives.
Based on region, the market
is segmented into North America, Europe, Asia Pacific, Middle East &
Africa, and South America. Among these, the North America region has a
significant share of the global Organic Food market during the forecast period.
North America has historically been at the forefront of the organic food
movement. It encompasses countries like the United States and Canada, where
consumers are increasingly conscious of the food they consume.
Major companies operating in the
global organic food market are:
- Danone
S.A
- General
Mills Inc.
- The
Hain Celestial Group Inc.
- Organic
Valley
- Cargill,
Inc.
- United
Natural Foods Inc.
- Amy's
Kitchen
- Newman’s
Own, Inc.
- The
Kroger Co., Inc.
- Dole
Food Co., Inc.
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“The global organic food
market is a thriving and dynamic sector driven by increasing consumer
awareness, concerns about health and sustainability, and supportive
regulations. While it faces challenges related to pricing, supply, and
competition, the future prospects for the organic food market are promising. As
consumers continue to prioritize health, sustainability, and ethical food
production, the organic food market is likely to play an even more significant
role in the global food industry in the years to come.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Organic Food Market By Category (Fruits & Vegetables, Dairy
Products, Meat, Fish & Poultry, and Others), By Process (Processed and
Unprocessed), By Sales Channel (Supermarkets/Hypermarkets, Specialty Stores,
Convenience Stores, Online, and Others (Direct Sales, etc.)), By Region, By
Competition Forecast & Opportunities, 2018-2028F, has
evaluated the future growth potential of the organic food market globally and provides statistics and
information on market structure, size, share, and future growth. The report
provides cutting-edge market intelligence and helps decision-makers to make sound
investment decisions. Besides, the report also identifies the emerging trends
along with essential drivers, challenges, and opportunities present in the
market of organic food globally.
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