The Global Organic Food & Beverages Market was valued at USD 187,456.6 Million in 2020 and is anticipated to reach a value of USD 860,625.7 million in 2030
Organic foods and beverages are agricultural products grown or produced using organic farming practises.
Organic farming encourages resource recycling, maintains ecological balance, and engages in biodiversity conservation practises.
Organic foods and beverages are agricultural products that are grown without the use of synthetic fertilisers, growth regulators, or other additives.
In the last decade, the evolution of social media has played a significant role in raising awareness about the negative effects of traditional or conventional food and the benefits of organic food and beverages.
Aside from the shift in how organic foods are perceived, consumers are increasingly emphasising the social aspects of organic production, favouring small-scale agriculture in a clean environment over large farms.
Global Organic Food and Beverages: Overview
The organic food & beverages market was worth USD 187,456.6 million in 2020 and is projected to amplify at a CAGR of 14.9% over 2022-2030, thereby amassing USD 860,625.7 million by the end of assessment timeframe
One of the primary factors driving market expansion is growing awareness about the health benefits associated with the consumption of organic products.
Sales of organic food and beverages are projected to rise as a result of the change in the purchasing behaviour of the consumer.
Additionally, the rising popularity of non-GMO products amongst consumers is driving the growth of the market. Despite having higher prices than non-organic products and the world GDP decline being the biggest in decades, still, organic food sales witnessed a spike.
The growth rate of organic packaged food and beverages was the highest among all health and wellness categories.
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Key Trends: Growth Determinants and Challenges
- Growing awareness about the benefits of organic food and beverages
Growing awareness of the benefits of the organic food and beverage market leads to increased market share growth. The organic food and beverage market raises the standard of living by lowering health concerns, increasing customer knowledge of health-conscious customers, avoiding pesticides, chemical fertilisers, and synthetic chemicals, and avoiding genetically modified organisms. As a result, organic food and beverages play an important role in health benefits, environmental friendliness, and animal welfare. It has nutritional advantages over a standard diet.
- Growing demand for clean label products
Clean label products are in high demand because consumers are looking for plant-based proteins, and vegetarian foods are seen as healthier. Clean label products are completely natural, non-GMO, and made with real ingredients, with no additives or preservatives. The main benefit of a clean label product is that consumers can easily read the ingredients and that it is organic and free of chemicals. Companies should have good packaging design, food product transparency, and simple ingredients with functional benefits
Competitive Landscape:
- Hain Celestial
- Dole Food Company, Inc.
- Dairy Farmers of America, Inc.
- General Mills Inc.
- Danone
- United Natural Foods, Inc.
- GCMMF
- THE HERSHEY COMPANY
- Amy’s Kitchen, Inc.
- Organic Valley
- Conagra Brands, Inc.
- Nestlé
- Eden Foods
- SunOpta
Segmental Analysis of Global Organic Food and Beverages Market:
Based on Product:
- Organic Food
- Fruits and Vegetables
- Meat, Fish and Poultry
- Dairy Products
- Frozen and Processed Food
- Others
- Organic Beverages
- Non-dairy Beverages
- Coffee and Tea
- Beer and Wine
- Others
Fruits and vegetables emerged as the leading sector of the market and accounted for a 40% share of the organic food revenue. The trend of organic vegetables was initiated in developed regions including North America and Europe and has extended to emerging economies such as India and China. North America and Europe are the largest consumers of organic foods.
Based on Distribution Channel
- Online
- Offline
The offline distribution channel made a larger contribution to the global market of over 64.9%. These stores have a broad portfolio of branded as well as domestic products. Some of the brick-and-mortar stores in the offline segment include hypermarkets/supermarkets, specialty stores, franchisee stores, and club stores, among others.
Based on Region
NORTH AMERICA (Canada, US), EUROPE (Spain, UK, Germany, Italy, France), ASIA-PACIFIC (India, China, Thailand, Japan, South Korea), LATIN AMERICA (Colombia, Brazil, Mexico, Argentina), MIDDLE EAST & AFRICA (UAE, Saudi Arabia, South Africa)
Asia Pacific is anticipated to be the fastest-growing region with a CAGR of 17.5%, owing to the rising trend of ready-to-eat food among the working-class people as well as growing millennia in countries such as India. China, India, and Japan are the major markets, in terms of consumer spending on food. Moreover, a substantial rise in the demand for frozen food owing to less time for preparation and cooking is opening new avenues in the regional market for organic frozen food.
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Major Developments:
- In June 2021, The Kraft Heinz Company announced the acquisition of Assan Foods from privately held Turkish conglomerate Kibar Holding. Through this acquisition, the company is striving to expand its horizon in the international market while focusing on taste elevation and food service
- In November 2020, Amy’s Kitchen, a maker of frozen organic foods and shelf-stable soups, announced the opening of a new pizza production facility in San Jose, California.
- Major questions answered in the report:
- What are the growth factors, challenges and trends in the global organic food and beverages market?
- Which regional segment accounts for the largest revenue share in the global organic food and beverages market?
- Which top companies are contributing in the growth of global organic food and beverages market?
Key takeaways from the report:
- Deep-insights on regional analysis coupled with other segmental analysis.
- Market growth, trends and challenges.
- The organic food & beverages market was worth USD 187,456.6 million in 2020 and is projected to amplify at a CAGR of 14.9% over 2022-2030, thereby amassing USD 860,625.7 million by the end of assessment timeframe
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