The organic foods market is flourishing, fueled by a growing health consciousness and environmental concerns. Consumers are increasingly seeking organic options, propelling the market towards a staggering US$553.15 billion by 2033, reflecting a robust 12.1% CAGR.
The rising urbanization, population, and changing consumer preferences are driving market growth during the forecast period. Increasing consumer awareness of a healthy lifestyle and government initiatives to promote organic farming fuel market opportunities. In addition, the popularity of novel products and clean-label food items is increasing the adoption of organic foods.
The Future of Organic Food:
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Government support for organic farming practices is expected to further accelerate market growth.
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Rising disposable incomes in developing countries will likely fuel increased demand for organic options.
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Sustainability remains a key concern. Consumers are likely to favor organic products that promote environmental well-being.
This promising market presents exciting opportunities for businesses that can deliver high-quality, healthy, and sustainable organic food products.
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Key Trends Shaping the Organic Food Landscape:
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Health-Conscious Consumers: The demand for healthy and nutritious food is a major driver. Organic products are perceived as healthier due to the absence of synthetic pesticides and fertilizers.
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Freshness Reigns Supreme: Unprocessed organic fruits, vegetables, and meats are leading the pack, as consumers prioritize fresh, high-quality ingredients.
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Supermarket Supremacy: Supermarkets and hypermarkets remain the dominant distribution channel, offering a vast selection of organic products under one roof.
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Online Grocery Gaining Traction: E-commerce platforms are experiencing significant growth, providing convenient access to organic food for busy consumers.
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International Expansion: The United States, United Kingdom, and India are leading the charge, with growing awareness and a thriving organic food sector.
Endorsement of Companies’ Brand Drive the Market Growth
The top companies present innovative products through organic foods that attract consumers’ requirements. In addition, these companies are promoting their product to enhance their brand reputation. Adding several organic foods such as traditional, organic, and vegan, these company vendors upgrade a healthy lifestyle.
Famous personalities are advertising newly launched products to get a maximum engaging audience which is further flourishing the market size. In November 2021, Amara Organic Foods collected a fund of around US$ 12 million to expand its business for infant organic food products.
Key Takeaways:
- The organic foodsmarket is expected to have a valuation of US$ 553.13 billion by 2033.
- With a CAGR of 12.1%, the global market increasing from 2023 to 2033.
- The United Kingdom organic foods marketis anticipated to secure a maximum share through 2033.
- In the historical period, the market secured a CAGR of 11.2% between 2017 and 2022.
- In the historical period, the market captured US$ 172.06 billion between 2017 and 2022.
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Who is Winning?
The presence of prominent vendors around the globe fragments the market. These vendors invest a massive amount in research & development activities to innovate various innovative products through their marketing knowledge and unique ideas. In addition, key players are focusing on consumers’ requirements and developing the products accordingly to attract them.
Several marketing tactics and advanced technologies are adopted to acquire maximum output and upsurge the market to another height. These marketing methodologies include mergers, acquisitions, partnerships, agreements, and collaborations.
- Other Prominent Players in the Market:
- Eden Foods Inc
- General Mills Inc
- Organic Valley
- Danone S.A.
- Amy’s Kitchen Inc
- Hain Celestial Group Inc
- SunOpta Inc
- Arla Foods Amba
- Dole Plc
- Organic India Pvt Ltd
Recent Developments in the Organic Foods Market are:
- In June 2020, Sprout Organic Inc signed a partnership with Amazon to provide a plant-based formula for infants in Australia.
- In May 2020, Barry Callebaut announced its new dairy-free organic chocolate to expand its business in North America.
- In April 2022, Nestle S.A. announced new plant-based products for babies, which are available on Amazon.
- In May 2022, Organic India launched organic tea products such as Tulsi Detox Khawa, Moringa Hibiscus, and Peppermint Refresh.
- In January 2021, L.T. Food Limited announced its acquisition with a 30% of stake in Leev. Nu. Company. The company promotes organic-label food products in the Netherlands.
More Insights into Organic Foods Market
In its latest report, FMI offers an unbiased analysis of the global organic food market, providing historical data from 2017 to 2022 and forecast statistics for 2023 to 2033. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of category, product type, distribution channel, and region.
According to the same reports, based on segmentation, the supermarket/ hypermarket distribution channel will contribute substantially to the overall market growth. This segment will account for a sizeable portion of the market share due to the availability of a large variety of products.
Based on region, the organic food market in the US will likely demonstrate strong growth and account for a large portion of the overall market share. The target market in this region is shaped by growing health consciousness, heightened focus on eating healthy, and rising demand for clean-label products. Rising organic farming also promotes the organic food market growth in the US. Additionally, the U.K, and India will also make considerable contributions to the global growth of the organic foods market.
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Organic Foods Market by Category
By Category:
- Dairy
- Frozen & Processed Foods
- Fruits & Vegetables
- Cereals & Grains
- Meat
- Fish & Poultry
- Others
By Product Type:
- Unprocessed
- Processed
By Distribution Channel:
- Online Retail Stores
- Supermarkets/Hypermarkets
- Convenient Stores
- Specialty Stores
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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