Global Organic Food Market was valued USD129 billion in 2019 and is projected to grow at 11% CAGR by 2026. 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. Ageing population, especially in Western Europe and North America, has greatly influenced the lifestyle choices and purchasing habits with more attention being given to disease prevention, which has pushed the demand for organic products across these regions over the last few 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 the forecast period.
Global organic food market is categorized on the basis of product type, distribution channel, and regions. Based on product type, the market is further segmented into fruits & vegetables, meat, poultry & dairy, processed food, and others. Fruits and vegetables dominated the market in historical years and are expected to do the same in next 5 years too, owing the growth to increased health concerns due to the pandemic as well as the maximum number of consumers in the market. Due to the unique advantages of the organic food such as chemical and pesticide-free, eco-friendly, and very healthier compared to inorganic food the market is expected to grow at the estimated CAGR in the forecast period.
Some of the leading players in the global organic food market are Danone, Hain Celestial Group Inc., EDEKA Handelsgesellschaft Nord GmbH, General Mills Inc., SFM, LLC., United Natural Foods INC., Nature's Path Foods, Inc., Amy’s Kitchen, Organic Valley, Newman’s Own, Aldi Einkauf GmbH & Co hogs, REWE Markt GmbH, Hipp GmbH & Co Vertrieb KG, Clif Bar & Company, Aurora Organic Dairy, SunOpta Inc., Stonyfield Farm, Inc., Harmony Organic, Eden Foods, Inc., Alnatura Produktions- und Handels GmbH, etc.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of organic food companies across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the players which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major market players operating across the globe.
TechSci Research calculated the market size of global organic food market using a bottom-up approach, wherein data for various segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of all the segments for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Years considered for this report:
Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2026
Objective of the Study:
- To analyze and forecast the market size of global organic food market
- To classify and forecast global organic food market based on product type, distribution channel and region
- To identify drivers and challenges for global organic food market
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global organic food market
- To identify and analyze the profile of leading players involved in the global organic food market
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