According to the latest report by IMARC Group, titled “Organic Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global organic food market reached a value of US$ 163.04 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 340.16 Billion by 2027, exhibiting a CAGR of 12.40% during 2022-2027.
Organic food refers to any eatable item that is generally produced or raised using organic ingredients and methods. An organic plant is grown using natural fertilizers, organic herbicides and natural methods. On the other hand, livestock is provided with organic and genetically modified organisms (GMO)-free feed to obtain organically sourced dairy, meat and eggs. These foods mainly contain lower nitrate levels and a higher amount of omega fatty-acid, vitamins, iron and carotenoids that help in improving the overall health of the heart and boosting the immune system.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The global organic food market is primarily driven by the increasing health consciousness among the masses. Coupled with the rising awareness regarding the health benefits of nutrient-rich food items, this is creating a positive market outlook. Moreover, the growing prevalence of chronic diseases among the masses is providing a boost to the demand for organic food products across the globe. Along with this, continuous improvements in the e-distribution channels and the advent of convenient home delivery models are influencing the market growth. Furthermore, several initiatives undertaken by the governments of multiple countries to promote ecological balance in an attempt to conserve biodiversity are acting as major growth-inducing factors. This has encouraged leading players to heavily invest in the adoption of organic farming practices in order to produce naturally sourced food products. Other factors, including the inflating disposable income levels of individuals, the development of aggressive marketing strategies and promotional campaigns, and extensive research and development (R&D) activities conducted by key players to extend the shelf life of food products organically, are also favorably impacting the market.
Organic Food Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the organic food market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Amy’s Kitchen Inc.
- Clif Bar & Company
- Danone S.A.
- Dole Food Company Inc.
- General Mills Inc.
- Newman’s Own
- Organic Valley
- Sprouts Farmers Market Inc.
- The Hain Celestial Group Inc.
- The Kroger Company
- United Natural Foods Inc.
Key Market Segmentation:
The report has segmented the global organic food market on the basis of product type, distribution channel, application and region.
Breakup by 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
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Stores
- Others
Breakup by Application:
- Bakery and Confectionery
- Ready-to-eat Food Products
- Breakfast Cereals
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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