Organic Vegetable Farming Market

Organic Vegetable Farming Market Size, Growth 2022 - 2027:

The Organic Vegetable Farming Market is predicted to grow from $7.43 billion in 2020 to $7.87 billion in 2021 at a compound annual growth rate of 4.9%. The expansion is particularly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and thus the closure of economic activities that resulted in operational challenges. The market is anticipated to realize $10.01 billion in 2026 at a CAGR of 7%.

An organic label on fruits and vegetables indicates to the buyer that the product was produced using certain production methods. Fruits and vegetables are cultivated by the organic method, wherein plants and crops are raised and nourished without the utilization of any chemical throughout its pre-harvest to post-harvest operations. Growing awareness regarding the advantages of organic products and their affordable prices and convenient availability are majorly influencing the expansion of the organic vegetable farming market.

Organic farming refers to the tactic of crop production that involves the utilization of biologicals materials so as to stop the utilization of synthetic pesticides, genetically modified organisms, antibiotics, and fertilizers. Organic farming provides high-quality and healthy food to humans along with protecting the environment from pollution, soil degradation, and erosion to optimize biological productivity.

Impact Of COVID-19 Pandemic on the Organic Vegetable Farming Market:

The COVID-19 epidemic has a huge impact on the organic fruits and vegetable market. Unavailability of labors at the manufacturing units, disturbed transportation because of frequent lockdown practices are major factors that directly and negatively affect the generation of the fruits and vegetables products market, which indirectly influence the demand for fresh fruits and vegetables from the framer side. Furthermore, Farmers face major problems on the farm like malpractices for organic fertilizers and agro-chemicals, which undoubtedly creates hurdles for the generation of organic fruits and vegetables.

Drivers and Restraints of Organic Vegetable Farming Market:

Drivers:

Rising demand for organic food is anticipated to act as a serious driver for the expansion of the organic vegetable farming market during the period. The various health benefits offered by organic food like high nutritional content, non-GMO, and being free from various fertilizers and synthetic pesticides tend to be an important factor for augmented demand for organic food, including organic vegetables. In keeping with the 2020 Organic Industry Survey released by the Organic Trade Association, the USA organic food sales hit $50.3 billion, up by 4.8% from 2019. Thanks to the beneficial impact on the health of organic growers, assistants, their families, and customers, as they're less exposed to harmful chemicals, and therefore the increasing consumers' preferences for organic food are projected to get higher demand for organic vegetable farming during the forecast period.

Growing demand for products that are labeled with the organic mark is providing great opportunities for farmers and food manufacturing industries. Consumers increasingly prefer organic food products because it contains antioxidants, which positively affects on overall health and also proved in a number of scientific studies. Furthermore, Government is actively supporting organic farming so as to decrease air and water pollution, which likely to motivate farmers to work their farming in organic culture.

Restraints:

The high cost of organic farming as compared with conventional farming is predicted to limit the expansion of the organic vegetable farming market. As per the Food and Agriculture Organization (FAO) of the United Nations (UN), the costs for organic food are more than that of conventional products attributing to greater labor inputs and other costs incurred to supply high quantities of production to lower the total cost. Furthermore, organic vegetable farming doesn't use chemicals and toxic substances, which increases the price for natural fertilizers alongside the high cost of obtaining organic certifications. This scenario is predicted to possess a negative impact on the organic vegetable farming market’s growth within the coming years.

ORGANIC VEGETABLE FARMING MARKET REPORT COVERAGE:

Market Segmentation:

Organic Vegetable Farming Market – By Type:

• pure organic farming

• integrated organic farming

Organic Vegetable Farming Market – By Method of Farming:

• Composting
• Crop rotation
• Cutting
• Mulching
• Polyculture
• Soil Management
• Weed Management

Organic Vegetable Farming Market – By Crop:

• Protected Crops
• Salads
• Potatoes
• green vegetables, etc

Regional Analysis:

The regions covered in the global organic vegetable farming market are North America, Eastern Europe, Western Europe, Asia-Pacific, South America, Middle East, Africa. According to the report of the Research Institute of Organic Agriculture (FiBL), in 2014, over 44.6 million hectares of land is occupied by organic agricultural activities. In 2015, the regions with the largest areas of organic agricultural land were Oceania (22.7 million hectares, which is nearly 44 percent of the world’s organic agricultural land) and Europe (12.5 million hectares, which is nearly 26 percent). The countries with the foremost organic agricultural land include Australia (22.7 million hectares), Argentina (3.1 million hectares), and, therefore, us (2 million hectares).

Region-wise, North America dominated the organic fruits and vegetable market in 2019 and is anticipated to sustain its dominance throughout the organic fruits and vegetables market forecast period. The key factors driving the expansion of the merchandise market within the region are increased income and high spending capacity on health and related products. For example, as per USDA and Nutrition Business Journal., U.S. sales of organic products were an estimated $28.6 billion in 2012, i.e., over four percent of total food sales and will reach an estimated $38 billion in 2014. Furthermore, growing income and increasing spending on a healthy diet in developing countries like India, China, and Brazil are likely to increase the expansion of the worldwide organic fruits and vegetable market during the forecast period.

Key Players: 

Major players operating in the global organic farming market include Organic Farmers Co., Picks Organic Farm, Bayer AG, Camson Bio Technologies Limited, The Indian Organic Farmers Producer Company Limited (IOFPCL), and ZUWA Organic Farms Pvt Ltd, among others.