Global Organic Food Market Expected to Earn $484.0

New York, USA, Nov. 09, 2022 (GLOBE NEWSWIRE) — Research Dive has released a new report on the global organic food market. According to the report, the global market is expected to exceed $484.0 billion and grow with a CAGR of 11.77% over the estimated time period, 2022-2030. This comprehensive report provides a comprehensive overview of the current and future status of the global market stating its key features including growth drivers, growth opportunities, limitations, and developments during the forecast period. The report also offers all the required and vital market statistics to help new players get an insight into the state of the global market.

Impact of the COVID-19 pandemic on the organic food market

The outbreak of the COVID-19 pandemic in 2020 had an optimistic impact on the growth of the global organic food market. The spread of the deadly virus COVID-19 has made people more aware of their health and well-being. Also, many people have started adopting healthy diets to stay fit. This has massively boosted the adoption of organic and natural foods during the pandemic. Additionally, organic food manufacturers have seen an exponential increase in the demand for organic food products. All these factors propelled the growth of the organic food market amid the pandemic.

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Factors impacting the growth of the organic food market

The key factor driving the growth of the global organic food market is a significant rise in awareness about the benefits of organic food and rising health awareness among people across the globe. Furthermore, the growing preference for organic poultry products is expected to open the door to lucrative opportunities for market growth. However, the short shelf life and high cost of organic foods are expected to restrain the market growth.

The report segments the global organic food market into food type and region.

The fruit and vegetable sub-segment of organic food is set to grab a leading market share

The organic food fruits and vegetables sub-segment of the food types segment is expected to witness massive growth by fetching $191.9 billion during the forecast period. This growth is mainly due to the growing demand for organic fruits and vegetables, as they are grown without using harmful chemical fertilizers, chemical pesticides or chemical preservatives. Moreover, increasing availability of organic fruits and vegetables on online shopping platforms like nature basket, I say bio, big basket and org-pick in India is boosting the growth of the sub-segment.

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The Europe region will see maximum growth

The report analyzes the global organic food market across several regions such as Asia-Pacific, North America, Europe, and LAMEA. Of these, the European market is expected to reach $183.9 billion over the estimated period. This growth is mainly due to the existence of large retail stores like Costco, Walmart and others in this region. Additionally, rising preference for organic foods owing to growing adoption of healthy lifestyles and popularity of organic diets among people is expected to fuel the growth of the regional market.

The best players in the world market

The report states some of the key players operating in the global Organic Food Market including

  • Whole Foods Market IP. LP
  • The Kroger Co., Inc.
  • Organic valley.
  • Dean Foods
  • Clif Bar & Company
  • Dole Food Co., Inc.
  • Newman’s Own, Inc.
  • Frito Lay

These players take various initiatives such as investments in new product launches, strategic alliances and collaborations, etc. to get a head start in the global market. Inquire here for access to the Key Business Development Strategy Report

For example, in May 2022, Amul, a dairy cooperative, launched a portfolio of organic agri-food products including chana dal, tur dal, moong dal and basmati rice.

In addition, the report provides extensive industry insights such as major strategic initiatives and developments, new product launch, business performance, Porter’s Five Forces analysis and SWOT analysis of major players operating in the world market.

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