Uploaded on Oct 26, 2023
"Meticulous Research® forecast the Organic Food Market to be worth $289.4 billion 2030, growing at a 9.5% CAGR from 2023 to 2030"
Organic Food Market to Reach $289.4 Billion by 2030
" Organic Food Market to
Reach $289.4 Billion by
2030
”
‘Organic Food Market
Meticulous Research®—a leading global market research company, published a
research report titled, ‘ Organic Food Market by Type (Fruits, Vegetables,
Grains, Beverages, Bakery), Distribution Channel (Supermarket,
Hypermarkets, E-commerce), Process (Unprocessed, Processed, Ultra-
processed), Packaging Type (Fresh, Frozen) - Global Forecast to 2030.’
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https://www.meticulousresearch.com/download-sample-
report/cp_id=5122
According to this latest publication from Meticulous Research®, the global organic
food market is projected to reach $289.4 billion by 2030, at a CAGR of 9.5% from
2023 to 2030. The growth of the organic food market is mainly attributed to growing
health-conscious consumers, increasing demand for clean-label products, and
government and non-government organization support for organic farming.
Furthermore, changes in lifestyle and growing disposable income are expected to
create market growth opportunities. However, the high price of organic products is
expected to hinder the growth of this market to some extent.
The organic food market is segmented by type of fruits and vegetables (bananas,
apples, tomatoes, dried onions, and others), dairy (milk, butter, cheese, yogurt, and
milk powder), grains (wheat, maize, rice, oats, and others), beverages (tea & coffee,
non-dairy, alcoholic beverages, and others), condiments, bakery, snacks, meat, fish
& poultry), distribution channel (supermarkets & hypermarkets, convenience stores,
specialty stores, e-commerce, and other distribution channels), process
(unprocessed, processed, and ultra-processed), packaging type (fresh, frozen,
canned, and dried), and geography (North America, Europe, Asia-Pacific, Latin
America, and the Middle East & Africa). The study also evaluates industry
competitors and analyzes the market at regional and country levels.
Among all the types studied in this report, the fruits and vegetables segment is
expected to account for the largest share of the global organic food market in 2023.
The large market share of this segment is attributed to the rising health and wellness
trends, rising demand for fresh organic products, and growing assortment of organic
products through various sales channels. Consumers are increasingly focused on
their health and well-being. They perceive organic fruits and vegetables as healthier
because they are typically grown without synthetic pesticides, herbicides, and
genetically modified organisms (GMOs). Organic farming also tends to prioritize soil
health and nutrient-rich crops.
Among all the distribution channels studied in this report, the e-commerce
segment is slated to register the highest CAGR during the forecast period. The rapid
growth of this segment is attributed to the convenience offered by E-commerce, the
availability of greater discounts compared to offline stores, the growing preference
for personalization, and a greater product selection experience.
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analyst/cp_id=5122
Among all the process categories studied in this report, the unprocessed
segment is expected to account for the largest share of the organic food market in
2023. The large market share of this segment is attributed to factors such as the
increasing vegetarian population, growing demand for organic products with minimal
processing, and consumer concern regarding additives in processed food.
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‘Organic Food Market
Among all the packaging types studied in this report, the frozen segment is
slated to register the highest CAGR during the forecast period. The rapid growth of
this segment is attributed to the increasing demand for convenience food, the
growing global cold chain, increasing availability, and rising demand from hotels,
restaurants, QSRs, and the food service sector.
Among all the regions studied in this report, in 2023, North America is
expected to account for the largest share of the organic food market. The large
market share of this region is attributed to the growing health & wellness and clean
label trends, a well-established food sector, higher adoption of technological
advancements in the food & beverage industry, and significant investments in the
organic food sector.
Key Players:
The global organic food market is characterized by a moderately competitive
scenario due to many large and small-sized global, regional, and local players. The
key players operating in the global organic food market are Hain Celestial Group, Inc.
(U.S.), General Mills, Inc.(U.S.), United Natural Foods Inc. (U.S.), Nature’s Path Foods,
Inc. (Canada), Amy’s Kitchen, Inc. (U.S.), Organic Valley (U.S.), Whole Food Market
Co-op (U.S.), Sunopta Inc. (Canada), Eden Foods, Inc. (U.S.), Newman’s Own
Foundation (U.S.), Stonyfields Farm, Inc. (U.S.), Danone S.A. (France), Nestle S.A.
(Switzerland), Clif Bar & Company (U.S.), and The Kroger Co. (U.S.).
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Key Questions Answered in the Report-
What is the current value of revenue generated by the global organic food
market?
At what rate is the global organic food demand projected to grow for the next
5–7 years?
What are the historical market sizes and growth rates of the global organic
food market?
What are the major factors impacting the growth of this market at the global
and regional levels? What are the major opportunities for existing players
and new entrants in the market?
Which segments in terms of type, distribution channel, process, and
packaging type category create major traction for the manufacturers in this
market?
What are the key geographical trends in this market? Which regions/countries
are expected to offer significant growth opportunities for the manufacturers
operating in the organic food market?
Who are the major players in the global organic food market? What are their
specific product offerings in this market?
What are the recent strategic developments in the global organic food
market? What are the impacts of these strategic developments on the
market?
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Meticulous Research®
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‘Organic Food Market
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