Press Release

Fruits & Vegetables to Lead Global Organic Food Market through 2024

Rising geriatric population in developed countries coupled with changing health & wellness trends to drive global organic food market through 2024

According to TechSci Research report, Global Organic Food Market By Product Type, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024”, the global organic food market is projected to grow at a CAGR of over 11% during 2019-2024, on the back of growing consumer consciousness towards healthy and natural food products coupled with rising availability of a variety of organic food products to choose from through retail as well as online channels. Moreover, increasing disposable income coupled with growing awareness about health benefits of organic food products, in major developing nations like China and India, is further expected to boost the organic food market in the coming years.

Browse 87 market data Figures spread through 200 Pages and an in-depth TOC on "Global Organic Food Market"

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Consumers across the globe are becoming increasingly health conscious, which has resulted in a change in their tastes and preferences. A growing number of consumers are moving towards consumption of organic food in place of conventional food, to avoid adverse health effects caused by chemical preservatives or genetically modified ingredients present in inorganic food. Moreover, the increasing popularity of organic products has significantly expanded the availability of organic food across the globe over the last decade. With organic food becoming easily accessible, global organic food market is expected to witness robust growth during the forecast period.

In terms of distribution channel, global organic food market is categorized into store-based retail and non-store-based retail. Store-based retail accounted for the major share in global organic food market and is expected to maintain its dominance during the forecast period as well due to highly developed modern retail stores and well-established distribution channel in the developed economies. Non-store-based retail is expected to exhibit higher growth rate owing to growing popularity of the e-commerce market across geographies. Availability of exclusive offers, a variety of options to choose from different product categories, subscription packages and heavy discounts on e-commerce, is further expected to surge the demand for organic food from non-store-based retail across the globe.

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“Global organic food market is anticipated to register healthy growth during forecast period. Unlike conventional food, organic food products are produced without using any kind of pesticides or fertilizers, which results in high cost of these products. Although high prices of organic food products is a barrier for consumers, the global organic food manufacturers are working towards reducing the existing price difference between organic and inorganic food. Moreover, as demand for organic food products increases, product innovations and economies of scale would result in reduced cost of production, further driving consumption of organic food market over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Organic Food Market By Product Type, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global organic food market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global organic food market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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