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Organic Food Market by Product Type (Organic Fruit and Organic Vegetable), Form (Fresh and Frozen), End User (Residential and Commercial) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) - Global Industry Size, Share, Trends, Demand, and Competitive Analysis Forecast Report 2023 to 2028

Published: March, 2023
ID: 5472
Pages: 175
Formats: report pdf report excel report power bi report ppt

Organic Food Market Size, Share, Growth (2023-2028)

Organic Food Market is expected at USD 201.77 billion in 2023 and is expected to reach USD 272.18 billion by 2028. it is estimated to experience reasonable growth to record a CAGR of 12.2%.

Organic Food Market Report Coverage:

REPORT METRIC

DETAILS

Market Size Available

2022 – 2028

Base Year

2022

Forecast Period

2023- 2028

CAGR

12.2%

Segments Covered

By Product Type, By Form, By End User, and By Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Spartan Stores Inc, Clif Bar & Company, Kroger, Inc, Dole Food Co., Inc, Frito-Lay, Newman's Own Inc, Dean Foods, Bio Valley, AMCON Distributing Co, Amy's Kitchen, Whole Foods Industry Inc, Hain Celestial Group Inc, and United Natural Foods Inc

Organic Food Market Overview:

In the world of the latest technology, farmers are reverting to age-old farming practices for a more significant benefit of the human race. In this world, everything is powered by modern technologies.  A new crop of well-conscious customers increasingly aware that pesticides and other food additives can have harmful effects, producers are now reporting old agricultural practices of producing what is considered organic food. Everything that comes with organic food is safe, pesticide-free, chemical, and fertilizer-free, including plants, water, and final meat. Organic food has become part of regular eating habits. Natural products are usually food products that are processed or altered with the assistance of synthetic fertilizers, herbicides, and chemicals. Organic farming is a combination of the protection of natural resources of livestock and environmental quality. Bio-fruit and vegetables are a new trend that gives consumers attention, driving the organic food market Growth.

Apart from distinct customers, environmental concerns are an essential factor in driving market growth. Pesticides used in the treatment of pests, ranging from bacteria, insects, mites, mollusks, birds, and rodents accumulate in soil and water, along with the human body. This is harmful to the environment, and thus humans contribute to environmental degradation through inorganic food consumption. The improved health, including diabetes, blood pressure, and obesity, increases the demand for organic fruit and vegetables through dietary adoption. Many people were also convinced to use vegetarian foods, which raise the demand for organic food and plants. Nonetheless, factors like adverse climate or the lack of investment hamper the growth of the market. The increased role of organic agriculture and restricted trade between organic fruit and vegetable countries also pose significant challenges to market expansion.

Recent Developments in Organic Food Industry:

  1. Organic Valley and Dean Foods announced the formation of a joint venture that will make Organic Valley dairy products available to more Americans. As of today, this company is open to the public, which will soon make Organic Valley Fresh Milk (HTST) available at more than 140,000 outlets served by Dean Foods' extensive distribution network. In addition to milk, the company offers a portfolio of Organic Valley staples, such as its award-winning organic butter, half and half, and cheese. New lines of Organic Valley single-serving milk and ready-to-drink protein shakes will also be offered.

  2. the fresh vegetable division of Dole Food Co., the North American leader in value-added salads and the market leader in salad kits, has entered a new partnership with Safeway Fresh Foods that will expand the company's product line to include new ideas in fresh fruits and vegetables. Vineland, NJ-based Safeway, and Dole will jointly develop new products for consumers looking for fresh, healthy food options that taste great.

  3. The sales growth of the organic food segment surpassed that of non-organic products in 2015, according to the organic market report published by Soil Association.

Restraints of the Organic Food market

  • Strict safety and protection rules.

  • High setup cost.

Opportunities in the Organic Food market can be

  • Increased penetration of eCommerce through the vertical sector.

Organic Food Market Segmentation Analysis:

By Product Type

  • Organic Fruit

  • Organic Vegetable

By Form

  • Fresh

  • Frozen

End-User

  • Residential

  • Commercial

As the market trend shifts, numerous people are deeply interested in organic and natural goods that are necessary to stimulate the world market in organic fruit and vegetables. During the prediction period, the market is expected to raise awareness of the health benefits of organic fruit and plants. It should also be hoped that the awareness of related health benefits in the form of organic nutrients, nutritious breakfast cereals, baby food, etc.

Impact of covid-19 on Organic Food Market

The COVID-19 pandemic has affected many economies around the world. The pandemic has affected more than 100 countries, infecting more than 31,091,469 people and killing 961,352 as of September 21, 2020 (Source: European Center for Disease Prevention and Control). To control the spread of this disease and avoid the serious consequences that arise, governments around the world have announced a partial or total closure, which has had a great impact on the availability of biologicals. Meanwhile, the deficit and tight cash flow have already affected fleet operators' sales, which are expected to rise further in the coming months.

Organic Food Market Regional Analysis:

  • North America

  • Asia Pacific

  • Europe

  • Latin America

  • Middle East and Africa.

North America is expected to dominate the organic food market Share in the anticipated years, due to the growing popularity of organic food and organic beverages and the growing awareness of the health benefits of consuming organic food products. According to the Organic Trade Association, the United States is the largest market for organic food, accounting for more than half of the market for organic products consumed worldwide. The rapid growth of the food and beverage industries in the region is expected to lead to an increase in the demand for organic food by this industry, which is expected to further contribute to the growth of the organic food market Size.

Europe stands for second in the market with one of the highest amounts of revenue. The Asia-Pacific region is expected to register the fastest growth during the analysis period. Factors such as the growing demand for organic food, the increase in retail stores, the increase in purchasing power parity, and the expansion of the middle-class population are driving the growth of this segment. Latin American countries offer many expansion opportunities to the main players.

Latin America region is expected to experience significant growth in the organic food and beverage market due to growing consumer awareness, and the increase in organic food and beverage varieties such as organic food and beverage.

Middle East and Africa are one of the main emerging regions, which will generate significant opportunities in the market during the anticipated period due to the increase in the population's disposable income, the changing lifestyle, and the increased preference for quality food products. The region is expected to experience moderate growth during the forecast period due to the above factors.

Organic Food Market Key Players:

  1. Spartan Stores Inc

  2. Clif Bar & Company

  3. Kroger, Inc

  4.  Dole Food Co., Inc

  5. Frito-Lay

  6. Newman's Own Inc

  7. Dean Foods

  8. Bio Valley

  9. AMCON Distributing Co

  10. Amy's Kitchen

  11. Whole Foods Industry Inc

  12. Hain Celestial Group Inc

  13. United Natural Foods Inc

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FAQ's

What is Organic Food Market value and Growth ?

Organic Food Market is expected at USD 201.77 billion in 2023 and is expected to reach USD 272.18 billion by 2028. it is estimated to experience reasonable growth to record a CAGR of 12.2%.

What Can Be The Compound Annual Growth Rate Of The Organic Food Market ?

 Organic Food Market Can Expand With A CAGR 12.02 % in a given Forecast Period.

Mention The Major Key Players In Organic Food Market ?

Spartan Stores Inc, Clif Bar & Company, Kroger, Inc, Dole Food Co., Inc, Frito-Lay, Newman's Own Inc, Dean Foods, Bio Valley, AMCON Distributing Co, Amy's Kitchen, Whole Foods Industry Inc, Hain Celestial Group Inc, and United Natural Foods Inc

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