Organic Food Market size was estimated at $155,211.6 Million in 2019 and is expected to reach $46,650.5 Million by 2032, growing at a CAGR of 15.4% during the forecast period of 2022 to 2032.
The revelation which has dawned upon the public to give the environment and just take has increased the demand for organic food. Non-organic food leads to Environmental degradation on multiple levels: Trodding quality of soil and water by excessive use of pesticides and herbicides. On the contrary, organic food is nurtured by natural components which have no adversities towards the environment. Furthermore, the need for farmers to preserve their farms for future generations have encouraged them to practise organic farming, the government has also been active in funding or propelling the demands along with private ventures. The target market can receive a set-back due to its comparatively high prices, Lower shell life as compared to non-organic food and decrease in prices of organic food due to incorporation of technology in the near future. Also, It takes longer for organic food to be nurtured and harvested as compared to its contrary food. A bulk of people in many regions are still not aware about the health benefits of natural food and so, Its still a long way to go until a huge flux of demands surges in the market. However, Increased and improved standards of living, income and health care awareness can boost the global market growth.
Organic Food Market Segmentation
Organic meat, fish, and poultry, as well as organic dairy products are expected to be the fastest-growing segments during the forecast period. A rise in meat consumption and a surge in demand for organic dairy products can be attributed to a growing awareness of the health benefits of organic food. Process-based, the unprocessed segment dominated the organic food and beverages market, garnering 93.0% of market share by 2020. It is good for the health to consume organic foods and beverages that are fresh and unprocessed. Due to the carcinogenic nature of processed foods, there is a high demand for unprocessed organic food products.
Over the forecast period, online sales are expected to grow faster than all other segments. The rapid expansion of online grocery and food delivery services across the globe, as well as the increasing number of internet users, are major factors driving the growth of the online sales channel segment in the global market. Market share for the supermarket/hypermarket segment was 35.2% in 2020. There has been an increase in supermarket and hypermarket penetration in developed regions such as Europe and North America. Groceries and other food items can be purchased through it in developed markets.
Organic Food Market Country Analysis
The global organic food market is estimated to be valued at $272.18 billion by the end of 2032. Increasing attention on disease prevention and growing concerns due to chemical poisoning is influencing lifestyle choices and a shift to organic food products. This increasing demand is the major growth stimulant in the market. North America currently dominates the largest share of the market, and is expected to continue dominating in the forecast years. Europe, South America, Asia-Pacific and MEA are expected to increase their share as well. Among the leading players in the organic food market include Hain Celestial Group, Danone, EDEKA Handelsgesellschaft Nord GmbH, United Natural Foods Inc., Amy’s Kitchen, Aurora Organic Dairy and Eden Foods Inc. among others.
Organic Food Market Share and Competition
Key companies operating in this industry are: Albertsons Companies, Inc., Cargill, Inc., Kraft Heinz Co., DANONE SA, Kellogg Co., ConAgra Brand, Inc., Kerry Group Plc., The J. M. Smucker Co., Dole Food Company, Inc., and Organic Valley Crop Cooperative. Whole Foods Co., a global organic food retailer, has announced, on 2 July 2022, a partnership with Purple Carrot, a leading ecommerce plant-based kit manufacturer. The companies came to the agreement to conjointly produce and distribute organic food to fulfill the needs of the people. Their main purpose is to start producing ‘Single Serve Frozen Meals’ in the food industry. Jovial Foods Inc, a food supplier, has recently announced the launch of its new Organic Grain and Gluten Free Cassava Pasta, on 10 June 2022. The company informed that the food product is certified organic, gluten free, grain free and Non-GMO. “It can be overwhelming to find foods that make you feel good and taste great when you cannot eat gluten, grains or other allergens.”, said Carla Bartolucci, the Founder of Jovial Foods Inc.
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• Estimation/projections/forecast for revenue and unit sales (2022 – 2032)
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• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
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Industry Segmentation and Revenue Breakdown
Product Type Analysis (Revenue, USD Million, 2022 - 2032)
• Organic Foods
o Organic fruits and vegetables
o Organic meat, fish & poultry
o Organic dairy products
o Organic frozen and processed foods
o Others (Organic baby foods, organic groceries, and so on)
Region Analysis (Revenue, USD Million, 2022 - 2032)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Organic Food Market Companies
• Albertsons Companies, Inc.
• Cargill, Inc.
• Kraft Heinz Co.
• DANONE SA
• Kellogg Co.
• ConAgra Brand, Inc.
• Kerry Group Plc.
• The J. M. Smucker Co.
• Dole Food Company, Inc.
• Organic Valley Crop Cooperative
United States Organic Food Market Industry Research Report
Europe Organic Food Market Industry Research Report
Asia Pacific Organic Food Market Industry Research Report
India Organic Food Market Industry Research Report
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