DUBLIN--(BUSINESS WIRE)--The "Global Organic Food Market" report has been added to ResearchAndMarkets.com's offering.
The Global Organic Food Market was valued at USD167.85 billion in 2020 and is expected to reach USD368.94 billion by 2026 with a CAGR of 14.59% during the forecast period.
The Global Organic Food Market is mainly driven by increasing health concerns among people due to the growing number of chemical poisoning cases, awareness about the harmful effects of pesticide residues in food and its impact on health, government support through various subsidies, and increasing trend of standardization for organic foods.
Organic food gives consumer the assurance that toxic pesticides, synthetic fertilizers, and genetically modified organisms (GMOs) are not used in the food production, and the livestock has not been given antibiotics or growth hormones. The production of organic food involves practices that promote ecological balance and aim to conserve biodiversity. These food products do not use any food additive or industrial solvent.
Consumers are becoming more health conscious owing to the harmful effects caused by the presence of chemical pesticides in food products. The toxicity of chemical pesticides in food products can cause cancer, hormone disruption and birth defects. Organic food items are gaining popularity due to straightforward reasons i.e., genetically modified organisms (GMOs) -free content, nutrient richness, zero growth hormones, zero antibiotics, fewer pesticides, improved freshness levels, and better environmental stability. In countries around the world where the organic food market is well developed, consumers show different motives for purchasing these products.
Organic fruits & vegetables are dominating the market with the rise of focus on health followed by organic meat, poultry & dairy whereas organic beverages is the fastest growing segment in the organic food market. In terms of distribution channel, hypermarket/supermarket is dominating the organic food market followed by departmental stores due to availability of variety of organic products.
Regionally, North America is the leading market followed by Europe. Countries like USA, Germany, France, China are the topmost countries in the Global Organic Food Market. In terms of average per capita consumption, Switzerland, Denmark, and Sweden have the highest consumption level.
To sustain in the market, companies like Danone S.A. launched innovative, convenient formats appropriate for consumption throughout different ages, moments of the day to meet the needs of this new food generation. The company has acquired WhiteWave to enrich offer and enabling wider access to sustainable daily eating practices.
Organic food is different from conventionally grown food because organic food is either grown under a natural system of agriculture, without the use of synthetic fertilizers or they are processed products made from organically produced raw materials. Due to the increased awareness among people to eat healthy, these companies are now upgrading and re-launching existing products.
Report Scope:
Years considered for this report:
- Historical Years: 2016-2020
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022-2026
Global Organic Food Market, By Product Type:
- Organic Fruits & Vegetables
- Organic Meat, Poultry& Dairy Cheese
- Organic Processed Food
- Organic Bread & Bakery
- Organic Beverages
- Others
Global Organic Food Market, By Distribution Channel:
- Hypermarket/Supermarket
- Departmental Stores
- Online
- Speciality Stores
- Others
Global Organic Food Market, By Company:
- United Natural Foods, Inc.
- Danone S.A.
- Sprouts Farmers Market, Inc.
- General Mills, Inc.
- Organic Valley
- Others
Global Organic Food Market, By Region:
- North America
- United States
- Canada
- Europe
- Germany
- France
- Italy
- Switzerland
- Sweden
- Asia-Pacific
- China
- Japan
- South Korea
- Australia
- India
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Israel
For more information about this report visit https://www.researchandmarkets.com/r/8t7e3q
