Uploaded on Feb 14, 2022
Organic Farming Market Competitive Analysis, Upcoming Demand And Growth Forecast 2018 To 2026
Organic Farming Market
Organic Farming Market Competitive Analysis, Upcoming Demand And Growth Forecast
2018 To 2026
Market Overview
Organic farming is an agricultural system that uses biological fertilizers derived from plant and
animal wastes. Organic farming enhances agro-ecosystem health, which includes soil biological
activity, biodiversity, and biological cycle. It excludes the use of chemical or synthetic pesticides,
fertilizers, and growth regulators.
Favorable growth of organic agricultural practices all over the world coupled with regional
government initiatives to promote organic farming is boosting growth of the global organic farming
market. According to Research Institute of Organic Agriculture (FiBL) report, in 2014, over 44.4
million hectares of land is occupied by organic agricultural activities. In 2015, the regions with the
largest areas of organic agricultural land are Oceania (22.8 million hectares, which is almost 45
percent of the world’s organic agricultural land) and Europe (12.7 million hectares, 25 percent). The
countries with the most organic agricultural land include Australia (22.7 million hectares),
Argentina (3.1 million hectares), and the United States (2 million hectares).
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Market Dynamics
Organic farming offers high nutritional value for food is expected to drive growth of the global
organic farming market. Foods from organic farming are rich in nutrient content such as enzymes,
vitamins, minerals and other micronutrients. Furthermore, rising consumer awareness about the
health benefits of organic products is expected to propel growth of the market during forecast
period.
However, high production cost of organic farming is expected to hamper growth of the market
during forecast period. Organic farming requires large number of labor or manpower to maintain the
crop productivity, which in turn increases crop production cost.
North America held significant market share in the global organic farming market in 2017, owing to
increasing consumer demand for organic food and rising organically produced goods in the region.
According to United States Department of Agriculture (USDA), the organic sales account for over
4% of total U.S. food sales. The U.S. spends around US$ 1 billion every year on imports of organic
food. Furthermore, rising demand for organic food is surpassing domestic supplies and leading to
depend on imports from other regions. For instance, according to the United States Department of
Agriculture (USDA), in 2014 imports for organic corn in Canada was valued at US$ 16.9 million
which was increased by US$ 19.0 million in 2015.
Detailed Segmentation:
• Global Organic Farming Market, By Farming Type:
•Pure Organic Farming
•Integrated Organic Farming
• Global Organic Farming Market, By Method:
•Crop Diversity
•Soil Management
•Weed Management
•Controlling Other Organisms
Major players operating in the global organic farming market include Picks Organic Farm, Organic
Farmers Co., The Indian Organic Farmers Producer Company Limited (IOFPCL), Bayer AG,
Camson Bio Technologies Limited, and ZUWA Organic Farms Pvt Ltd among others.
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