Market Research Future (MRFR) has published a cooked research report on the “Global Organic Foods Market” that contains information from 2018 to 2032. The Organic Foods market is estimated to register a CAGR of 12.90% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Organic Foods market— Newman’s Own, Inc., Whole Foods Market IP. L.P., Frito-Lay, Dole Food Co., Inc., The Kroger Co., Inc., Clif Bar & Company, Organic Valley, and Dean Foods.
The global Organic Foods market is accounted to register a CAGR of 12.90% during the forecast period and is estimated to reach USD 535.0 Billion by 2032.
The market for organic foods includes goods produced utilising natural agricultural practises that place a high value on biodiversity, sustainability, and minimising the use of synthetic fertilisers and pesticides. Due to growing consumer awareness and the need for better, ecologically friendly food options, it has seen substantial growth. A broad variety of organic fruits, vegetables, dairy items, meat, and packaged goods are available at the market.
The global organic foods market has been segmented based product and distribution channel.
On the basis of product, the market is segmented into fruits and vegetables, dairy products, meat, fish, and poultry, frozen foods, and others. Fruits and vegetables segment accounted for the largest revenue share in 2022. Organic vegetables originally became popular in developed regions like North America and Europe, and then they moved to developing countries like China and India.
Based on distribution channel, the global Organic Foods market has been segmented into online and offline. Offline segment dominated the global Organic Foods market in 2022. These stores provide a broad selection of both imported and local goods.
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The global Organic Foods market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Organic Foods market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Organic Foods market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Organic Foods market comprises of Middle East, Africa, and Latin America.
The North America Organic Foods Market dominated this market in 2022 (45.80%). This is owing to the products' unique advantages, which include being healthier than conventional food, chemical and residue-free, and eco-friendly. The North American market is expected to be driven in the near future by growing public awareness of the benefits of consuming non-genetically modified or altered products.
Moreover, in 2022, Europe's market for organic foods held a sizable market share. Given the growing concern for the environment and animal welfare, people are more inclined than ever to consume organic foods, especially fruits and vegetables. According to AgenceBio, a French Agency for the Development and Promotion of Organic Agriculture, fresh fruit and vegetables were the second-most popular organic product consumed in France in 2020, accounting for 17% of domestic organic product consumption, after supermarkets (31%).
Additionally, the Asia Pacific organic foods market is expected to register significant growth from 2023 to 2032. This is due to both the expanding millennia in nations like India and the rising habit of ready-to-eat food among the working class. In terms of consumer spending on food, the three largest markets are China, India, and Japan. Additionally, a significant increase in the demand for frozen food as a result of less time available for preparation and cooking is creating new opportunities for organic frozen food in the local market.
Furthermore, the rest of the world's organic foods market is divided into the Middle East, Africa, and Latin America. Latin American customers are prioritising healthier and more ecologically friendly food options, which is causing the market for organic goods to expand quickly in the region. The market is being driven by elements including rising disposable incomes, rising health consciousness, and government backing for organic farming. Fruits, vegetables, dairy products, and packaged items made of organic ingredients are in high demand in the area.
Key Findings of the Study