The Ethical Food by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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https://www.thebusinessresearchcompany.com/report/ethical-food-global-market-report
According to The Business Research Company’s Ethical Food, The ethical food market size has grown strongly in recent years. It will grow from $125.97 billion in 2023 to $136.6 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to increasing in environmental concern, growing demand for fairtrade products and strong economic growth in emerging markets
The ethical food market size is expected to see strong growth in the next few years. It will grow to $181.58 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to government initiatives, growing demand for sustainably packaged food and increasing investments. Major trends in the forecast period include focusing on sustainable packaging to reduce the use of plastics, focusing on mergers and acquisitions to strengthen market position, focusing on reducing greenhouse gas emissions and leveraging artificial intelligence to track nutrients, water levels and improve transparency in supply chains.
The increasing concern about the environment is expected to contribute to a higher demand for ethical food. The recent climate changes and environmental issues such as carbon emission, global warming, plastic, and food waste are forcing companies to concentrate on sustainable products. Rising environmental concerns are shifting companies and shoppers towards ethical or sustainable-certified products. For instance, in November 2021, according to the International Energy Agency, a France-based intergovernmental organization, global CO2 emissions from energy increased by 0.9%, or 321 Mt, in 2022, setting a new record of more than 36.8 Gt. Therefore, the growing impact of food production on the environment and the increasing demand for sustainable food are encouraging companies to focus on sustainable production, which in turn is expected to drive the demand for the ethical food market in the forecast period.
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The ethical food market covered in this report is segmented –
1) By Type: Organic And Natural, Fairtrade, Free Range Animal Welfare Friendly And Environmentally Responsible, Sustainably Produced
2) By Process: Processed, Unprocessed
3) By Mode Of Distribution: Online, Offline
Sustainable packaging is a leading trend adopted by ethical food manufacturers and producers. The companies engaged in organic food production are increasing their focus on sustainable packaging in order to reduce the use of plastics and be environmentally friendly. For instance, Alter Eco uses clean packaging for its produce and the plastic packaging used for outer boxes is recyclable. Following the trend, packaging companies are also coming up with sustainable packing solutions for organic food and other products. For instance, Giro Pack developed compostable welded bags and compostable net-clipped bags that are produced using plant-based or organic materials such as pulp from eucalyptus trees or corn starch. Thus, the focus of ethical food companies on sustainable or green packaging is a major trend shaping the ethical food market over the forthcoming years.
The ethical food market report table of contents includes:
1. Executive Summary
2. Ethical Food Market Characteristics
3. Ethical Food Market Trends And Strategies
4. Ethical Food Market – Macro Economic Scenario
5. Global Ethical Food Market Size and Growth
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26. South America Ethical Food Market
27. Brazil Ethical Food Market
28. Middle East Ethical Food Market
29. Africa Ethical Food Market
30. Ethical Food Market Competitive Landscape And Company Profiles
Top Major Players:
- Nestlé S.A.
- PepsiCo
- The Kraft Heinz Company
- General Mills, Inc
- Danone S.A
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