IMARC Group has recently released a new research study titled “Organic Food Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
How big is the organic food market?
The global organic food market size reached US$ 185.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 363.8 Billion by 2028, exhibiting a growth rate (CAGR) of 11.9% during 2023-2028.
What does in organic food mean?
Organic food refers to food products that are produced and processed without the use of synthetic pesticides, genetically modified organisms (GMOs), irradiation, sewage sludge, or chemical fertilizers. Organic farming practices prioritize environmental sustainability, animal welfare, and the use of natural methods to promote soil fertility and pest control that promotes biodiversity, preserves ecosystems, and promotes the long-term health of agricultural land.
Also, organic food is produced without the use of genetically modified organisms (GMOs), which means that organic crops are not genetically engineered or modified in any way. It is regulated by various certification bodies worldwide, which set standards and guidelines for organic farming practices and inspect and certify farms, processors, and retailers to ensure compliance. The certification ensures that organic food meets specific criteria and is produced according to organic standards.
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Organic Food Market Growth Drivers and Trends:
The global market is majorly driven by increasing consumer awareness and health consciousness. This is supported by the rising concerns about chemical residues, GMOs, and the environmental impact of conventional farming practices have led consumers to seek out organic food as a healthier and more sustainable option. Moreover, the easy availability and accessibility of organic food have significantly increased in recent years.
Organic food products are now found in mainstream supermarkets, specialty stores, online platforms, and farmers’ markets, making it easier for consumers to access organic options, which is contributing to the market.
Furthermore, numerous companies in the organic food market are investing in innovative marketing strategies to promote organic products. They emphasize the health benefits, environmental sustainability, and traceability of organic food, this is acting as a growth-inducing factor. The market is further driven by continuous efforts to develop new organic food products, including innovative flavors, convenient packaging, and organic alternatives to conventional processed foods.
Organic Food Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
Organic Food Companies Covered:
- 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.
Organic Food Market Segmentation:
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
Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=5598&flag=C
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- 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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