DUBLIN--(BUSINESS WIRE)--The "Global Organic Food Market Outlook, 2027" report has been added to ResearchAndMarkets.com's offering.
This report has classified the market into organically produced food range of fruits & vegetables, meat, fish & poultry, dairy products, and frozen & processed products. The organic food market was valued around USD 167 Billion in the year 2021, which held the highest share in the global organic food & beverage market.
Growing awareness regarding health benefits of organic food consumption, rising per capita spending on organic food products and increasing health concerns due to growing number of chemical poisoning cases are expected to drive global organic food market in the coming years. In addition, continuing product innovations and aggressive marketing strategies adopted by major players and online retailers would positively influence the global organic food market during forecast period.
Today's interest in organic may be intensified, but organic industry's growing popularity is not new. Consumers are eating more organic food and using more organic products than ever before. In 2020, the organic fruits and vegetable segment registered the highest market share of more than 40% of the total market share. Moreover, increase in income levels, improvement in standards of living, growth in environmental concerns, increase in health hazard diseases due to inorganic foods are some other driving factors of this market. The impact of these drivers is expected to increase significantly due to growth in health concerns among the consumers.
Further, North America is the largest market since the year 2016, owing to the high presence of the target population in the region. The market vendors compete based on factors such as price, quality, innovation, reputation, and distribution. Intense competition among players, along with rapid technological changes, poses significant risk factors for vendor operations. Increasing health concerns due to growing number of chemical poisoning cases globally is acting as a driver in the organic food market.
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. According to an UN report, around 200,000 people die every year due to toxic effects of pesticides in food products. This is causing consumers to shift their focus towards organic food products.
Low shelf life of organic food and beverages compared to conventional foods and beverage products is restraining the organic food market. Similarly, some researchers found that many organic foods had higher levels of bacteria than conventional products that cause food to spoil. As organic food is not exposed to the similar amount of preservatives that of conventional food, organic food is tend to be prone to bacteria attacks and has a shorter shelf life. For example, organic food products like turnip greens, mustard greens, and endive have a very short shelf life with shrinkage percentage of 50%. Thus, high packaging, logistics and distribution costs to increase shelf life is limiting the growth of the organic food market.
Companies in the organic food market are focusing on introduction of new product categories and varieties. Organic food manufacturers are coming up with new and innovative organic food products in the form of ready-to-eat snacks, cookies, organic tea, pulses, spices, edible flowers, frozen waffles, medical plants, herbs and organic juices. For example, Lidl, an organic grocery chain is coming up with 28 new and innovative organic food products to choose from. Similarly, Nestle plans to launch new and innovative organic milk products in India.
Major Companies considered in Report:
Amy's Kitchen, Danone - WhiteWave Foods, Eden Foods, Inc., General Mills, Hain Celestial Group, Nature's Path Foods, Inc., Organic Valley, SunOpta Inc., United Natural Foods, Inc, Whole Foods Market.
Considered In the Report
- Geography: Global
- Historical year: 2016
- Base year: 2021
- Estimated year: 2022
- Forecasted year: 2027
Regions and Countries covered:
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Russia)
- Asia-Pacific (India, Japan, Australia, China)
- South America (Brazil, Argentina, Columbia)
- Middle East & Africa (UAE, Qatar, Saudi Arabia, South Africa)
Aspects Covered In the Report
- Market Size By Value for the time period (2015-2026F)
- Market Share by Type (Food & Beverage)
- Market Share by Food (Fruits & Vegetables, Meat, Fish & Poultry, Dairy Products, Frozen & processed Food)
- Market Share by Sales Channel (Convenience Store, Modern Retail, Online Retail)
- Market Share by Region
- Market Share by Country
For more information about this report visit https://www.researchandmarkets.com/r/otcycz
