Organic Food and Beverages Market Size Anticipated to reach at a USD 995.96 billion at a CAGR of 14.80% by 2030. The organic food and beverages market trends show a significant increase in awareness of the health benefits provided by the products and services provided by this business. The demand is expected to skyrocket in the coming years. One of the primary reasons driving market operations toward growth during the current forecast period, which ends in 2030, is one's awareness of environmental difficulties and concerns and the health risks associated with the consumption of inorganic and unclean chemicals. Emerging global worries about the use of toxic chemicals in agriculture and farming and the negative consequences on consumer health drive up demand for organic food and beverages.
Consumers seek clean labels on items to learn more about the product they are about to eat. Their desire to identify the contents in food and beverage products has fueled the expansion of the clean-label product market. The rise in the prevalence of chronic diseases such as cancer, diabetes, and cardiovascular disease among the global population, the rise in the burden of infectious diseases, the rise in healthcare expenditure, and the rise in health-consciousness trend are some of the major factors that are shifting consumers' focus toward the adoption of healthy and high-quality food and beverages around the world.
Covid 19 Analysis
The outbreak of the novel coronavirus amongst the developed, developing, and underdeveloped nations across the globe possess the ability to impact the demand and supply chain of the market and further, impact the maintained market equilibrium during the forecast period. Also, with the alarming rate at which the infection and the pandemic is spreading, the customers are recognizing this as an excellent opportunity to self- introspect and opt for the needful changes in terms of leading a healthier lifestyle and consuming more products that are organic and make use of the natural ingredients and elements. However, the rising demand is unable to keep pace with the disruptions that are currently prevalent in the supply chain mechanism of organic food and beverages market services and products.
The changing lifestyle and eating preferences of people are pushing the key market players to produce the same and develop a satisfied and reliable base of consumers during the forecast period. Also, the government is organizing awareness campaigns that are helping to spread the required information regarding the consumption and rising demand for organic food products and drink items. To enhance the demand for such products during the forecast period, production is on the way that is making excellent use of the increased investment for product launches and availability in the international market.
The organic food and beverages market trends depict a steep rise in awareness regarding the health benefits brought in by the use of the products and services offered by this industry. The demand is likely to fuel majorly during the upcoming years. The awareness related to one’s concern regarding environmental issues and concerns backed with the health hazards attached with the intake of inorganic and impure substances is one of the major factors that will drive the market operations towards growth during the ongoing forecast period that ends in 2030. Health concerns of consumers are being solved by the availability of organic products and this will result in good growth and expansion for the market.
One of the major consumer factors that might reduce the sales of organic food and beverages during the ongoing forecast period is that the target audience is vibrant and belongs to different income groups. The variation in income is barring them from buying the products even though they are well aware of the health benefits of the organic food materials and items. Rising income variation does not let them acquire the products and hence, declines the sales.
Both the public and private sectors are increasing their investment in the global organic food and beverages market operations and the rising support from the government is helping the market to thrive during the forecast period. Also, this is helping for the development of great opportunities for the market activities to nurture in various global locations. The technological developments and advancements help in increasing the adaptability of soil and also, opt for strategies that will help these products to be available at affordable ranges to meet the demands of a large audience during the period.
Study Objectives
To predict the growth rate of the market and the ability of the market segments to cater to the elaborated needs of the target audience during the forecast period, the organic food and beverages market has been segmented into various forms. Also, the market segments possess the ability to earn better revenues owing to the increase in the sales and hence, make a difference to the final market value by the end of the forecast period. The global market segments are as follows:
The global market operations based on the companies include Tier 1, Tier2, and Tier 3 companies. Tier 1 companies hold half of the market share, and the rest is divided into a ratio of 3:2 respectively.
The final designation segment of the market includes the C level, director level, and manager level.
The organic food and beverages market is currently functional in 4 major regions of the world. These are the North American market, the APAC region, Europe, alongside the rest of the world (RoW).
The organic food and beverages market value is likely to be the maximum in the APAC region and is expected to rise at a CAGR of 22.9% during the period. However, the largest market share during the period is likely to be possessed by the North American region which is inclusive of countries like the USA, Canada, and Mexico.
To analyze the rising degree of competition amongst the market players, it is important to recognize them. The key market players of the function are as follows:
Recent Developments
Danone (world's largest yogurt maker) continues to expand its organic offerings. In August 2022, they acquired Happy Family, a producer of organic baby and toddler food. This follows their 2021 acquisition of Your Heart, a leader in plant-based foods.
General Mills is another major player making moves in the organic space. Their February 2021 acquisition of Tyson Foods bolstered their ability to offer organic meat products alongside their existing organic cereal and grain brands.
Mar 2022 GURU Organic Energy Corp., Canada's top organic energy drink brand, has announced the retention of three DSD distributors, namely Buffalo Market, DPI Specialty Foods, and Pint Size Hawaii, effective January 1, 2022. GURU also has distribution agreements with important partners and large distributors in the United States, such as UNFI and KeHE, and is in conversations with other potential DSD service providers, notably in California, its target market.
Mar 2022 SunOpta, a global pioneer fuelling the future of sustainable, plant-based, and fruit-based food and beverages, today launched OatGoldTM, a nutrient-rich oat protein powder for use in baked products savory snacks, dips, and spreads. OatGold is now Recycled CertifiedTM, the world's only third-party certification scheme for upcycled food ingredients and products, in compliance with the Upcycled Food Association's stringent standards.
Intended Audience
Report Outlook
The organic food and beverages market report highlight the emergence of the market dynamics in the form of the market drivers and restraints that can impact the projected growth figures for the forecast period. During the forecast period, the market players will witness the results of the recent developments undertaken by them that will help them grow and emerge as visible players in the international market. The report aims to discuss the market segments and their role in maintaining a proper supply chain mechanism during the period.
| Report Attribute/Metric | Details |
|---|---|
| Market Size | USD 995.96 Billion |
| CAGR | 14.80% |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Type, Packaging Material, Distribution Channel, and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Amy's Kitchen, Inc. (US), Whole Foods Market Inc. (US), Dean Foods (US), The Kroger Co. (US), General Mills, Inc. (US), The Kraft Heinz Company (US), and Hain Celestial (US), SpartanNash Co. (US) |
| Key Market Opportunities | Increasing investment in the global organic food and beverages market operations, Rising support from the government |
| Key Market Drivers | Awareness regarding the health benefits, Awareness of environmental difficulties and concerns, Availability of organic products |
Frequently Asked Questions (FAQ) :
Increasing demand among the rising numbers of health-conscious populaces and increasing per capita disposable income, are major tailwinds pushing the growth of the Global Organic Food & Beverages Industry.
Europe holds the largest share in the Global Organic Food & Beverages Market, followed by North America and the Asia Pacific, respectively.
Amy's Kitchen, Inc. (US), Whole Foods Market Inc. (US), Dean Foods (US), The Kroger Co. (US), General Mills, Inc. (US), The Kraft Heinz Company (US), and Hain Celestial (US), SpartanNash Co. (US), are some of the top players operating in the Global Organic Food & Beverages Market.
Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global market for organic food & beverages adopt to gain a larger competitive advantage.
Research Analyst Harshita post graduate mba in business administration from welingkar institute, mumbai and 5 years of experience in the field of product market research. as a research analyst, i have cross-domain experience in packaging, and industrial automation & equipment. i am currently looking after the research process of packaging, logistics & transportation, and industrial automation & equipment at market research future reports. my responsibilities at the organization involve handling syndicate and custom reports as well as responding to client inquiries, and organize, co-ordinate with a group of 5 to 6 persons to manage all workflows.
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