Organic Food Market Dynamics :
The demand for the organic food market is driven by the concerns of the people, towards personal health and the environment. The changing dietary habits of people and the awareness about the issues in the conventionally farmed foods is expected to impact positively changing consumers’ preference towards organic food. According to a UN report, around 200,000 people lose their lives every year due to the toxic effects of pesticides in food products. This factor also results in changing consumers’ focus on organic food products.
Organic Food Market : size was valued at US$ 176 Bn. in 2021 and the total revenue is expected to grow at CAGR 13.21% through 2022 to 2029, reaching nearly US$ 474.9 Bn.
Market Scope:
Top-down and bottom-up approaches are used to validate the market size and to estimate the market size by different segments. The market estimations in the report are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). The percentage splits, market shares, and breakdowns of the segments are derived based on weights assigned to each of the segments on their utilization rate and average sale price. The country-wise splits of the overall market and its sub-segments are based on the percentage adoption or utilization of the given market Size in the respective region or country.
Segmentation :
Based on the Product type, the market is segmented into Organic Fruits, Organic Vegetables, and Organic Beverages. The Organic Vegetable segment captured the largest market share accounted for 31.7 % in 2021. Organic Vegetables are further sub-segmented into leafy vegetables and green vegetables. Owing to increased cultivated agriculture land is the key driver for this segment. In addition demand for vegetables is very high owing to rich nutrition value, such as the high amount of minerals, fibers, vitamins, carbohydrates, and calcium. According to research data, 0.261 billion tons of vegetables are required to fulfill the per capita need in 2020.
Key Players:
• Danone
• United Natural Foods Inc.
• Hain Celestial Group
• Dole Food Company Inc.
• Dean Foods
• Amul
• The Hershey Company
• Louis Dreyfus Holding BV
• Arla Foods Inc.
• Nature’s Path Foods
Primary and secondary research are used to locate industry giants, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth consultation with various opinion leaders and industry professionals such as experienced front-line employees, CEOs, and marketing professionals. Secondary research included a summary of the renowned manufacturers’ annual and financial reports. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data. The following are a few companies working in the Organic Food industry.
Regional Analysis:
The Organic Food study delves into the geographic analysis, which is further subdivided into sub-regions and nations. This portion of the research includes profit estimates as well as market share data for each nation. This section of the research goes through each region’s and country’s share and growth rate during the projected time period.
After examining political, economic, social, and technological aspects impacting the Organic Food market in various areas, the research delivers a definitive PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
Key Questions Answered in the Organic Food Market Report are:
- What is the market potential for Organic Food ?
- Which regional market will emerge as a leader in the next years?
- Which application category will see rapid growth?
