PUBLISHER: Allied Market Research | PRODUCT CODE: 1140164
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140164
The global organic food market size was valued at $168.5 billion in 2021 and is projected to reach $484 billion by 2030, growing at a CAGR of 11.77% from 2022 to 2030.
Growing environmental worries about the use of toxic chemicals in agriculture and farming, as well as their negative health impact on consumers, have resulted in a rise in demand for organic food. The rise in the prevalence of chronic diseases such as cancer, diabetes, and cardiovascular diseases among the global population, the rise in infectious diseases, the rise in healthcare expenditure, and the rise in the health-consciousness are just a few of the major factors driving consumers to adopt healthy and high-quality foods and beverages around the world. Demand of organic food among the population is predicted to be the biggest driving factor for the global market in the estimated period. Presence of large number of retail shops such as Walmart, Costco and many others is also predicted to create more growth opportunity in the region.
Organic food is produced without the use of chemicals. It means that organic food is grown without the use of chemical pesticides, preservatives, or fertilizers. Organic food is gaining popularity as a result of its numerous benefits, and this is expected to be the primary driving factor for the global organic food market analysis during the forecast period. Furthermore, during the forecast period, improved distribution channels and rising population income levels are expected to be major driving forces in the global organic food market.
The production cost of the organic food is typically higher because of high production cost. Moreover, there is still a prejudice in society that considers organic food to be a sign of status and luxury rather than a basic standard. Many people believe organic food represents one's quality of life. As a result, word of mouth may have increased awareness of the term "organic," but as a status symbol rather than a sustainable solution, which is predicted to be the biggest restraint for the global market growth in the forecast period.
The organic food market trends is segmented on the basis of type and region. By type, it is classified into fruit and vegetables, meat, fish and poultry, dairy products, frozen and processed foods and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in this report include: Organic Valley., Dean Foods, Dole Food Co., Inc., Newman's Own, Inc., Whole Foods Market IP. L.P., Frito-Lay, The Kroger Co., Inc. and Clif Bar & Company, among others.
By Type
By Region
By Food Type
By Region