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The Organic Food Market is slated to register a CAGR of 9.5% from 2023 to 2030

Author : richa sinha | Published On : 28 Mar 2024

The Organic Food Market is slated to register a CAGR of 9.5% from 2023 to 2030 to reach $289.4 billion by 2030. The popularity of no chemically grown food products is rising due to changing lifestyles and the growing number of health-conscious consumers, positively impacting the demand for the organic food market. The growth of the organic food market is mainly attributed to growing health-conscious consumers, increasing demand for clean-label products, and government & non-government organizations' support for organic farming. Furthermore, changes in lifestyle and growing disposable income are expected to create market growth opportunities. However, the high price of organic products is expected to hinder the growth of this market to some extent.

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Growing Health-conscious Consumer Increases the Demand of Organic Foods Products

Well-being is becoming a global movement as consumers seek to ensure healthy lives for as long as possible, particularly as the average lifespan continues to rise. Over the past decade, industrialization, urbanization, economic development, and globalization led to rapid changes in diets and lifestyles. This significantly impacts health and nutritional status, particularly in developing countries.

The world population is growing rapidly. For instance, according to the Population Reference Bureau (PRB), the global human population is expected to grow by 75 million or 1.1% annually. With this, the world population is expected to reach 9.9 billion in 2050, increasing 33% from an estimated 7.4 billion in 2017. The world’s growing population will significantly increase the demand for high-nutritional and chemical-free food products. Hence, the need for no chemical-treated food products to cater to the growing population is expected to boost the demand for organic foods.

Nowadays, consumers are more conscious of their health and know that proper nutrition and hydration are vital for the human body. Eating safe and quality foods is also preventive to avoid future healthcare costs. People who eat a well-balanced diet tend to be healthier with stronger immune systems and are at lower risk of chronic illnesses and infectious diseases.

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In 2023, the Fruits and Vegetables Segment to Dominate the Organic Food Market

Based on type, the global organic food market is segmented into fruits and vegetables (bananas, apples, tomatoes, dried onions, and others), dairy (milk, butter, cheese, yogurt, and milk powder), grains (wheat, maize, rice, oats, and others), beverages (tea & coffee, non-dairy, alcoholic beverages, and others), condiments, bakery, snacks, meat, fish & poultry). In 2023, the fruits and vegetables segment is expected to account for the largest share of the global organic food market. The large market share of this segment is attributed to the rising health and wellness trends, rising demand for fresh organic products, and growing assortment of organic products through various sales channels.

 

 

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The E-commerce Segment is Slated to Register the Highest CAGR During the Forecast Period

Based on distribution channel, the global organic food market is segmented into supermarkets & hypermarkets, convenience stores, specialty stores, e-commerce, and other distribution channels. The e-commerce segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the convenience offered by E-commerce, the availability of greater discounts compared to offline stores, the growing preference for personalization, and a greater product selection experience.

In 2023, the Unprocessed Category Segment to Dominate the Organic Food Market

Based on the process category, the organic food market is segmented into unprocessed, processed, and ultra-processed. In 2023, the unprocessed segment is expected to account for the largest share of the organic food market. The large market share of this segment is attributed to factors such as the increasing vegetarian population, growing demand for organic products with minimal processing, and consumer concern regarding additives in processed food.

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The Frozen Organic Food Segment is Slated to Register the Highest CAGR During the Forecast Period

Based on packaging type, the global organic food market is segmented into fresh, frozen, canned, and dried. The frozen segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the increasing demand for convenience food, the growing global cold chain, increasing availability, and rising demand from hotels, restaurants, QSRs, and the food service sector.

North America: The Dominating Regional Market

The organic food market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the organic food market. The large market share of this region is mainly attributed to the growing health & wellness and clean label trends, a well-established food sector, higher adoption of technological advancements in the food & beverage industry, and significant investments in the organic food sector.

However, Asia-Pacific is slated to register the highest CAGR during the forecast period. The fast growth of this region is mainly attributed to the growing organic farming, rapidly growing population and urbanization, rising disposable income and improving standard of living, growing focus toward the inclusion of healthy foods, and increasing awareness about the health benefits of organic foods.

Key Players:

The global organic food market is characterized by a moderately competitive scenario due to many large and small-sized global, regional, and local players. The key players operating in the global organic food market are Hain Celestial Group, Inc. (U.S.), General Mills, Inc.(U.S.), United Natural Foods Inc. (U.S.), Nature’s Path Foods, Inc. (Canada), Amy’s Kitchen, Inc. (U.S.), Organic Valley (U.S.), Whole Food Market Co-op (U.S.), Sunopta Inc. (Canada), Eden Foods, Inc. (U.S.), Newman’s Own Foundation (U.S.), Stonyfields Farm, Inc. (U.S.), Danone S.A. (France), Nestle S.A. (Switzerland), Clif Bar & Company (U.S.), and The Kroger Co. (U.S.).

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Scope of the Report:

Organic Food Market Assessment, by Type

  • Fruits and Vegetables
    • Bananas
    • Apples
    • Tomatoes
    • Dried onions
    • Other Fruits and Vegetables
  • Dairy 
    • Milk
    • Butter
    • Cheese
    • Yogurt
    • Milk Powder
  • Grains
    • Wheat  
    • Maize   
    • Rice     
    • Oats    
    • Other Grains
  • Beverages
    • Tea & Coffee   
    • Non-Dairy                     
    • Alcoholic Beverages     
    • Other Beverages
  • Condiments
  • Bakery
  • Snacks
  • Meat, Fish & Poultry

Organic Food Market Assessment, by Distribution Channel

  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Specialty Stores
  • E-commerce
  • Other Distribution Channels

Organic Food Market Assessment, by Process

  • Unprocessed
  • Processed
  • Ultra-processed

Organic Food Market Assessment, by Packaging Type

  • Fresh
  • Frozen
  • Canned
  • Dried

Organic Food Market Assessment, by Geography

  • North America
    • U.S
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe (RoE)
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific (RoAPAC)
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America (RoLATAM)
  • Middle East & Africa

 

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