PUBLISHER: DataM Intelligence | PRODUCT CODE: 1290371
PUBLISHER: DataM Intelligence | PRODUCT CODE: 1290371
The Global Organic Ingredients Market reached US$ 10.2 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 16.5 billion by 2030. The market is expected to exhibit a CAGR of 6.2% during the forecast period (2023-2030).
Organic ingredients are pesticide-free and herbicide-free and employs for the products for manufacturing organic and natural individualized products. R&D investments, technological inventions in organic ingredient processing, and cost-effective manufacturing technologies are other factors anticipated to further drive the organic ingredients market growth.
Organically cultivated products, similar to aloe vera, soybean, fish oil painting, win kernel oil painting, and jojoba oil painting are some of the crucial raw constituents used for manufacturing organic and natural care goods. Rising consumer mindfulness regarding the dangerous goods of conventional, synthetic chemical-laden products is anticipated to create organic ingredients market opportunities.
Ready-to-eat food has emerged as one of the most varied parts of the organic ingredients market in recent years. A growth in convenience patterns and an increase in natural product demand have led to a growing need for organic ingredients. Increased demand for food ingredients in India is a result of shifting consumer preferences for vegan and plant-based products, which are opening the door for convenient food products.
Half of the population prefers convenience foods in today's hectic, always-on world because they help people prepare meals faster and easier. Owing to the fast and busy life, the consumption pattern of consumers shifts from raw food to convenience foods. Additionally, the demand for ready-to-eat food and convenience items is rising as a result of rapid urbanization and a changing population lifestyle, which is positively impacting the organic ingredients market.
The varying and stagnant life has made consumers apprehensive of their health, due to which consumers have taken special consideration about what they consume. This change has induced the trend of growing requisition for healthy food, which is gluten-free, low-calorie, sugar-free, dairy-free, and factory-grounded food, among consumers. Another case for this change in that population is rising cases of non-communicable conditions similar to cardiovascular conditions, diabetes, cancer, rotundity, and fat among consumers.
The COVID-19 analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with pricing dynamics (including pricing change during and post-pandemic comparing it with pre-COVID scenarios), demand-supply spectrum (shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), government initiatives (initiatives to revive market, sector or industry by government bodies) and manufacturers strategic initiatives (what manufacturers did to mitigate the COVID issues will be covered here).
In the Global Market of Organic Ingredients, the Food and Beverage Segment Holds the Largest Market Share.
The global organic ingredients market has been segmented by application into food and beverage, pharmaceutical, personal care and others. The food and beverage segment held the largest organic ingredients market share of 32.5% in 2022 in the organic ingredients market analysis report. The demand for clean-label organic ingredients has increased in the global food and beverage industry.
According to AMR analysis, more than 60% of Americans consider natural products as better, and more than 51% actively seek natural ingredients in their food products while making food purchase decisions. To cater to the growing demand for plant-based, clean-label ingredients, engaged stakeholders in the industry are now venturing into the production of clean-label starch.
For instance, Beneo-Remy developed natural, native, and clean-label starch having performance comparable to chemically modified starches. Similarly, Cargill is involved in the production of clean-label starch and is actively marketing the same through the SimPure brand. Thus, an increase in the trend of non-GMO, clean-label organic food products is anticipated to provide remunerative opportunities for players operating in the organic ingredients industry.
The North America organic ingredients market held the largest market share of 38.4% in 2022 in the organic ingredients market analysis. The US Food and Drug Administration controls organic ingredients, for example, sugar replacements as food additives (FDA). This indicates that before a sugar replacement may be used in foods and drinks, the FDA must review scientific data to assure that it is safe. In the US, the FDA has approved sugar substitutes like Acesulfame K, Advantame, Aspartame, Neotame, Saccharin, and Sucralose as food additives.
American customers opt for fair trade, organic certification products, and are being encouraged to use stevia and other natural sweeteners because of a rise in worry about the prevalence of obesity. According to the Global Stevia Institute internal survey 2021, approximately 60% of Americans prefer low-calorie sugar alcohol while purchasing, which is driving the market growth in the region.
The major global players in the market include: The Kraft Heinz Company, Conagra Brands Inc., Coleman Natural, HiPP, Applegate Farms LLC, General Mills Inc., Morrisons Ltd, United Natural Foods, Inc., Hain Celestial, and REWE Group.
The COVID-19 pandemic affected the organic ingredients market strongly. Since 2019, the worldwide crisis caused by the COVID-19 pandemic has majorly impacted most industries. The COVID-19 pandemic affected many economies around the globe in 2021.
Many combat measures, like complete lockdowns and quarantine for two consecutive years, 2020 and 2021, to fight COVID-19, have strongly affected many industries worldwide, including a portion of the ingredient industry.
Because of travel limitations brought on by the COVID-19 epidemic, retail and long-shelf products saw increased sales on the global market. As a result, many people in the world are busy hoarding foodstuffs and other food items for their families.
The increase in demand for processed foods through sustainable agriculture and biodynamic farming eventually had a favorable effect on the industrial need for food ingredients produced by good soil health. Additionally, there has been an increase in the demand for ready-to-eat (RTE) meals, creating new business opportunities for businesses that produce organic ingredients.
The global organic ingredients market report would provide approximately 93 tables, 109 figures and 190 pages.
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