The Organic Farming Global Market Report 2024 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 (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).
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According to The Business Research Company’s Organic Farming Global Market Report 2024, The organic farming market size has grown rapidly in recent years. It will grow from $187.84 billion in 2023 to $208.66 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth in the historic period can be attributed to consumer awareness, health and wellness trends, government support, retailer demand.
The organic farming market size is expected to see rapid growth in the next few years. It will grow to $321.79 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to climate change concerns, consumer preferences, supply chain and distribution improvements. Major trends in the forecast period include increased research and innovation, technological advancements, increased organic acreage, organic livestock and animal products, urban agriculture and vertical farming, organic processed foods, sustainable packaging, organic certification and traceability.
Environmental gain from organic farming is expected to drive the organic farming market. Organic farming is highly beneficial to the environment as it does not use any chemical fertilizers or pesticides that cause soil and groundwater contamination. The use of non-renewable resources that are needed for the development of such artificial fertilizers is lower. Organic farming preserves the biodiversity of the soil. For instance, in February 2020, Columbia Climate School, a US-based climate research university, published a report stating that, according to research, compared to conventional farming, organic farming fosters 30% more biodiversity, uses 45% less energy, and emits 40% less carbon. The use of organic products also has a beneficial impact on the health of organic growers, assistants, their families, and customers, as they are less exposed to harmful chemicals. Therefore, the environmental benefits of organic farming coupled with the health benefits of organic products are increasing the demand for organic food (food produced through the process of organic farming), which in turn is driving the growth of the organic farming market.
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The organic farming market covered in this report is segmented –
1) By Farming Type: Pure Organic Farming; Integrated Organic Farming
2) By Method: Crop Diversity; Soil management; Weed Management; Controlling Other Organisms
3) By Crop Type: Fruits And Vegetables; Cereals And Grains; Oilseed And Pulses; Other Crop Types
The organic farming market report table of contents includes:
1. Executive Summary
2. Organic Farming Market Characteristics
3. Organic Farming Market Trends And Strategies
4. Organic Farming Market – Macro Economic Scenario
5. Global Organic Farming Market Size and Growth
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26. South America Organic Farming Market
27. Brazil Organic Farming Market
28. Middle East Organic Farming Market
29. Africa Organic Farming Market
30. Organic Farming Market Competitive Landscape And Company Profiles
Top Major Players:
- Dow Chemical Company
- BASF SE
- Solvay SA
- AkzoNobel N.V
- Nalco Holding Company
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