Increasing demand for certified organic products and health concern are driving the growth in global organic farming market in the forecast period, 2023-2027.
According to TechSci Research report, “Organic Farming Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global organic farming market stood at USD119.23 million in 2021 and is expected to grow at a CAGR of 8.04% during the forecast period on account of the growing demand for certified organic products worldwide. The growing demand for various product type such as Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, and others are expected to support the market growth through 2027.
Besides, the COVID-19 pandemic has contributed to increased demand for organic products as consumers prefer healthy food products, which help build immunity. This, in turn, fueled the market growth of organic farming in 2020. Moreover, the entry of a large number of food industries and retailers into the organic agriculture sector is further expected to drive market growth through 2027.
Also, increasing government funding in the sector of agriculture and preferential trade agreements across the globe are expected to foster market growth during the forecast period. Potential scientific innovation in the sector of Organic Farming to enhance the growth yield is also one of the reasons to boost up the market of global organic farming. Additionally, various public sector and private sector investments in organic agriculture research are helping to enhance the growth of the organic farming market.
However, pest infestations, agricultural epidemics that divert resources from organic agriculture, pressure of the agrochemical industry on farmers, lack of farmer training facilities are further expected to restrict and slow down the market growth. Furthermore, lack of awareness among the farmer population, especially in the developing and under-developed countries, is expected to hamper the market growth during the forecast period.
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The global organic farming market is segmented based on type, method, source, ownership, crop type, company, and regional distribution.
In terms of type, the market can be split into Pure Organic Farming and Integrated Organic Farming. Pure organic farming dominates the market in 2021 due to the growing demand for pure organic products globally, and it requires natural technique to grow crops which does not have any effect on health.
In terms of method, the market can be categorized into the market can be divided into Crop Rotation, Polyculture, Mulching, Cutting, Composting, Weed Management, Soil Management, and Others. Crop rotation dominates the market in 2021 with a share of 22.83% as crop rotation is mainly used by farmers all over the globe. Based on source, the market is split into plant based and animal based.
Based on ownership, the market is fragmented into Inhouse Farming and Contract Farming. Based on crop type, the market can be fragmented into Cereals & Grains, Oilseeds & Pulses, Fruits & Vegetables, Others.
Key market players in the Organic Farming market include:
- Bayer AG
- IFOAM Organics International
- BASF SE
- Dow Chemical Company
- Solvay SA
- ZUWA Organic Farms Pvt Ltd
- Camson Bio Technologies Limited
- The Indian Organic Farmers Producer Company Limited (IOFPCL)
- Organic Farmers Co.
- Picks Organic Farm
- Italpollina SPA
- BioStar Organics
- Terramera Plant Health
- MycoSolutions AG
Global organic farming market includes a lot of well-established players having a presence in several countries along with several domestic players holding prominent positions in certain regions and countries, among others. Bayer AG holds the highest market share and is among the top five market players globally. IFOAM organics international ranks second in terms of market share in the overall organic farming market. The company has a strong presence worldwide and a huge brand value.
Additionally, other prominent players such as BASF SE, Dow Chemical Company, Solvay SA, Picks Organic Farm, ZUWA Organic Farms Pvt Ltd, among others, hold a significant position in the global organic farming market.
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“The Asia Pacific region will register the fastest CAGR during the forecast period. This can be attributed to the large and growing demand for organic products in the region, especially in countries like China, India, and Japan. Additionally, supportive government policies and agriculture schemes launched across different countries in the region are expected to support market growth. For instance, the Cultivable land area in India under organic farming has more than doubled from 11.83 lakh hectares in 2014 to 29.17 lakh hectares in 2020.
Also, as per international resource data from the Research Institute of Organic Agriculture (FiBL) and the International Federation of Organic Agriculture Movements (IFOAM) Statistics 2020, India holds 9th position in terms of certified agricultural land with 1.94 million hectares.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based Global management consulting firm.
“Organic Farming Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By Type (Pure Organic Farming v/s Integrated Organic Farming), By Method (Crop Rotation, Polyculture, Mulching, Cutting, Composting, Weed Management, Soil Management, Others), By Source (Plant Based, Animal Based), By Ownership (Inhouse Farming and Contract Farming), By Crop Type (Cereals & Grains, Oilseeds & Pulses & Fruits & Vegetables, Others), By Region”, has evaluated the future growth potential of global organic farming and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global organic farming market.
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