Global Organic Food Market Analysis
Projected Market Value (2032): US$ 532.72 Billion
CAGR (2024-2032): 11.14%
Introduction:
Organic food is produced using certified organic ingredients without synthetic substances. It includes a variety of products such as meat, fruits, vegetables, cereal, beverages, grains, spices, processed food, dairy products, and pulses. Organic food is believed to be fresher, more natural, and sustainable, supporting environmental protection and providing a healthy source of protein, vitamins, antioxidants, and minerals. The global organic food market is growing exponentially due to increasing awareness of its benefits, rising health consciousness, environmental concerns, and increased healthcare expenditures.
Global Organic Food Market Trends
1. Increasing Desire for Organic Food:
- Consumers are increasingly prioritizing organic food due to its perceived health benefits and environmental sustainability.
- The market is driven by the rising awareness of organic food’s benefits and the growing health consciousness among consumers.
2. Growth in Organic Farming:
- The area of land used for organic farming has seen significant growth, with around 96 million hectares of land farmed organically in 2022.
- Countries like Australia, India, Argentina, and China have substantial organic farming areas, contributing to the growth of the organic food market.
3. Expansion of Retail Channels:
- The availability of organic food in various retail channels, including supermarkets, specialty stores, and online retail stores, is increasing.
- This expansion is crucial for boosting accessibility and visibility in the organic food market, driving overall growth.
4. Focus on Sustainability:
- Consumers are increasingly choosing organic food as a sustainable and environmentally friendly option, supporting sustainable agriculture practices.
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Asia Organic Food Market
Market Share:
- Asia has the largest share of the world’s organic producers, with India having the highest absolute numbers of organic farmers.
- The National Program for Organic Production in India has registered over 10 million hectares of land under the organic certification process.
Market Growth:
- The Indian organic food market is expected to grow significantly by 2025, impacting about 5 million farming families and creating one million jobs in rural and semi-urban areas.
Organic Food Market Company News
Key Players:
- Danone S.A.
- General Mills Inc.
- Sprouts Farmers Market Inc.
- The Hain Celestial Group Inc.
- The Kroger Company
- United Natural Foods Inc.
- Dole Food Company Inc.
- Newman’s Own
Recent Developments:
- Tata Consumer Products Ltd will acquire Capital Foods and Organic India in January 2024 to expand its product range.
- Danone sold its Horizon Organic and Wallaby units in the US to Platinum Equity in January 2024.
- Daring Foods, a US-based plant-based chicken company, has launched new varieties of plant-based frozen prepared entrées in March 2023 to expand its portfolio.
Market Segmentation
Product Type:
- Organic Fruits and Vegetables
- Organic Meat
- Poultry and Dairy
- Organic Processed Food
- Organic Bread and Bakery
- Organic Beverages
- Organic Cereal and Food Grains
- Others
Distribution Channel:
- Supermarkets/ Hypermarkets
- Specialty Stores
- Convenient Stores
- Online Retail Stores
- Others
Country Breakdown (25 Countries)
- North America:
- United States
- Canada
- Europe:
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- Netherlands
- Turkey
- Asia Pacific:
- China
- Japan
- India
- South Korea
- Thailand
- Malaysia
- Indonesia
- Australia
- New Zealand
- Latin America:
- Brazil
- Mexico
- Argentina
- Middle East & Africa:
- Saudi Arabia
- UAE
- South Africa
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Renub Research is a Market Research and Consulting Company. We have more than 14 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food Beverages, Power Energy, Information Technology, Telecom Internet, Chemical, Logistics Automotive, Consumer Goods Retail, Building, and Construction, Agriculture. Our core team is comprised of experienced people holding graduate, postgraduate, and Ph.D. degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science, and many more.Top of Form
