Organic Food Market Expanding at a CAGR of 12.40% During 2022-2027
IMARC Group has recently released a new research study titled "Organic Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", The global organic food market reached a value of US$ 163.04 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 340.16 Billion by 2027, exhibiting a CAGR of 12.40% during 2022-2027. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Organic food refers to products that are produced organically using certified organic ingredients while removing the use of synthetic substances, including pesticides, animal feed additives, fertilizers, and genetically modified organisms (GMOs). Some commonly available organic food types are fruits, vegetables, cereal, grains, spices, dairy items, pulses, etc. Organic food acts as a healthy source of protein, vitamins, antioxidants, and minerals, on account of which it aids in enhancing heart conditions, stimulating the immune system, sustaining energy levels, etc. Consequently, it is healthier, fresher, and sustainable than traditional food, as it supports environmental protection.
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What are the driving factors of the organic food market?
The increasing health consciousness and awareness among consumers have led to the widespread adoption of nutrient-rich and naturally sourced items, owing to their numerous health benefits, which is primarily augmenting the organic food market. Furthermore, the escalating demand for the product, on account of the growing prevalence of several chronic diseases, such as cancer, diabetes, and cardiovascular diseases across various countries, is positively influencing the market growth.
Apart from this, the inflating focus on vegan, no-cholesterol, and gluten-free organic snacks that can safely consumed by individuals suffering from lactose-intolerant and celiac disease is acting as another significant growth-inducing factor. Moreover, the rising environmental concerns among people have prompted manufacturers to adopt sustainable cultivation practices, including organic farming, which is also bolstering the global market. Besides this, the elevating demand for clean-label food and beverage items, the increasing expenditure capacities of consumers, convenient product availability through e-commerce platforms, and the launch of various government initiatives promoting organic farming are expected to drive the organic food market in the coming years.
Competitive Landscape With Key Players:
The competitive landscape of the organic food market has been studied in the report with the detailed profiles of the key players operating in the market.
Competitive Landscape with Key Player:
- Amy’s Kitchen Inc.
- Clif Bar & Company
- Danone S.A.
- Dole Food Company Inc.
- General Mills Inc.
- Newman’s Own
- Organic Valley
- Sprouts Farmers Market Inc.
- The Hain Celestial Group Inc.
- The Kroger Company
- United Natural Foods Inc.
Organic Food Market Segmentation:
The report has segmented the market into the following categories:
Breakup by Product Type:
- Organic Fruits and Vegetables
- Organic Meat, Poultry and Dairy
- Organic Processed Food
- Organic Bread and Bakery
- Organic Beverages
- Organic Cereal and Food Grains
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Stores
- Others
Breakup by Application:
- Bakery and Confectionery
- Ready-to-eat Food Products
- Breakfast Cereals
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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TOC for the Organic Food Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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