The global organic foods market was valued at USD 177.08 billion in 2023 and is projected to grow to USD 199.35 billion in 2024. It is expected to reach USD 529.64 billion by 2032, with a compound annual growth rate (CAGR) of 12.99% during the forecast period. This growth is driven by rising consumer health consciousness and increasing income levels, which make organic products more accessible to a broader audience. Additionally, fundraising efforts, celebrity endorsements, and advancements in agricultural production are anticipated to further support the expansion of the organic food sector. This information is detailed in the “Organic Foods Market, 2024-2032” study by Fortune Business Insights™.

Get Sample PDF Brochure:

https://www.fortunebusinessinsights.com/enquiry/queries/organic-foods-market-101470

Segments

Fruits & Vegetables to Lead Due to Increasing Nutritional Values

On the basis of the category, the market is divided into fruits & vegetables, dairy, meat, fish, & poultry, frozen & processed foods, cereals & grains, beverages, and others. Fruits & vegetables segment is anticipated to have the largest part due to its nutritional value and presence of various minerals, vitamins, fibers, and antioxidants.

Unprocessed Foods to Govern the Segment Owing to its Convenience

Based on product type, the market is categorized into processed and unprocessed. Unprocessed organic foods are expected to have a major part owing due to their fresh-like appearance and convenience associated with these foods.

Supermarkets/Hypermarkets to Lead the Segment Due to Wide Range of Products

Based on distribution channel, the market is divided into supermarkets/hypermarkets, specialty stores, convenience stores, online retail stores, and others. Supermarkets/hypermarkets segment is expected to have a major part as it offers a wide range of brands and product varieties in a single place.

Report Coverage

The study provides a detailed overview of recent advancements and leading market categories. It includes an in-depth analysis of the impact of COVID-19 on the market, as well as the factors driving and constraining industry growth. The report also explores regional trends and the strategies adopted by major competitors in the market.

Drivers and Restraints

Changing Farming Methods to Promote Market Growth

The organic food market is expected to grow due to evolving farming practices and the increasing adoption of organic methods, driven by concerns over the widespread use of chemical pesticides and fertilizers. Enhanced environmental awareness and a shift away from hazardous chemicals in agriculture are likely to further drive market growth. The rising global popularity of organic farming is increasing product availability and reducing costs, which supports market expansion.

However, challenges such as the high cost and limited shelf life of organic products may impact market growth.

Ask for Customization:

https://www.fortunebusinessinsights.com/enquiry/customization/organic-foods-market-101470

Regional Insights

Europe will hold the largest market share due to growing concerns about the environment and animals.

Consumer focus on environmental and animal welfare concerns is significantly shaping preferences for organic fruits and vegetables, positioning Europe as the leading market for organic goods. According to AgenceBio, fresh fruits and vegetables accounted for 17% of organic household consumption in France in 2020, with 13% of organic product consumers shopping at grocery stores.

In North America, growing health consciousness and increasing consumption of organic foods are driving market growth. The Organic Trade Association (OTA) reports that in the US, sales of organic infant food rose by 11% in 2021, while organic beverage sales increased by 8%, underscoring the region’s expanding interest in organic products.

Competitive Landscape

Major Market Players’ New Product Offerings to Determine the Market’s Path

Major market players are driving growth by offering diverse product ranges, launching new items, and building brand loyalty in both developed and developing countries. The entry of new competitors and their innovative products has also contributed to market expansion. For example, in May 2022, Amul expanded its organic food lineup to include moong dal, tur dal, chana dal, and basmati rice.

Key Industry Development

May 2022- To better serve its customers in North America, Barry Callebaut, the Swiss-Belgian chocolate maker and cocoa processor, has introduced dairy-free organic chocolate to its range of plant-based products.

List of Key Players Profiled in the Report

  • General Mills Inc. (U.S.)
  • Danone S.A. (France)
  • Dole plc. (Ireland)
  • Organic Valley (U.S.)
  • Organic India Pvt. Ltd. (India)
  • Amy’s Kitchen, Inc. (U.S.)
  • Arla Foods Amba (Denmark)
  • Eden Foods Inc (U.S.)
  • Hain Celestial Group, Inc. (U.S.)
  • SunOpta Inc (U.S.)

Read Related News:

https://github.com/ZiWi25/Agricultural-Sprayers-Market-Size-Share-Demand-and-Forecast/issues/342

https://dhakatedevendra.livepositively.com/soup-market-size-share-trends-and-growth-report-through-2032/new=1

https://blognow.co.in/soup-market-size-share-and-growth-forecast-to-2032

https://www.thenewsbrick.com/soup-market-size-share-industry-growth-and-forecast-by-2032

https://handyclassified.com/soup-market-size-share-and-growth-forecast-overview-through-2032

https://www.diigo.com/item/note/awn7u/rxj2?k=037d82c2ba20759c8b974a89be7eb626

https://cruzsmith.muragon.com/entry/297.html

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Address:

Fortune Business Insights Pvt. Ltd.

9th Floor, Icon Tower, Baner –

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.

Phone:

US: +1 833 909 2966

UK: +44 8085 020280

APAC: +91 744 740 1245

Email: [email protected]

LinkedIn Facebook Twitter