Rising environmental concerns over the use of harmful chemicals in agriculture, agriculture is driving the growth of the global organic food and beverage market.
PORTLAND, OR, USA, July 21, 2022 /EINPresswire.com/ — According to the report, the global organic food and beverage industry generated $187.48 billion in 2020 and is expected to reach $860.62 billion by 2031, with a CAGR of 14.9% from 2022 to 2031.
Drivers, constraints and opportunities
Rising environmental concerns over the use of harmful chemicals in agriculture and farming, rising prevalence of chronic diseases such as cancer, diabetes, and cardiovascular disease, and rising expenses are driving the growth of the global organic food and beverage market. However, the high price of organic products and low shelf life are limiting the market growth. On the other hand, the trend of health awareness and increasing demand for clean label food and beverage products are creating new opportunities in the coming years.
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The Covid-19 pandemic has had a positive impact on the organic food and beverage market. Rising health awareness and consumer orientation towards healthy food intake to improve immunity has increased the demand for organic foods and beverages during the pandemic.
According to the Organic Trade Association, the United States saw record sales volume of organic food and non-food items in 2020. Revenue generated in the United States was nearly $61.9 billion in 2020 .
The organic coffee and tea segment will maintain its leading status by 2031
Based on product type, the organic coffee and tea segment held the highest share in 2020, contributing more than one-fifth of the global organic food and beverage market, and is expected to maintain its leading status in by 2031. This is attributed to the need to maintain balanced health. However, the organic meat, fish and poultry segment is expected to experience the highest CAGR of 15.5% from 2022 to 2031, owing to its preference for people seeking weight management and weight loss. because they do not contain fat or cholesterol.
The supermarket/hypermarket segment will continue its dominance throughout the forecast period
Based on distribution channel, the supermarket/hypermarket segment accounted for the largest market share in 2020, holding over one-third of the global organic food and beverage market, and is expected to maintain its revenue dominance throughout. throughout the forecast period. This is attributed to the increased penetration of supermarkets and hypermarkets in developed regions and the preference for retail outlets for purchasing all types of food and beverages. However, the online sales channel segment is expected to register the fastest CAGR of 15.6% from 2022 to 2031, owing to the increase in online grocery penetration and different commerce platforms. electronics, improved internet access, increased adoption of smartphones, and an increase in the number of internet users.
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North America will maintain its leading position by 2031
Based on region, North America contributed the highest market share in terms of revenue in 2020, accounting for almost half of the global organic food and beverage market, and is expected to maintain its leading position by 2031. This is attributed to the huge demand for organic food and beverage products, increased consumer awareness of the health benefits of organic products, and increased healthcare spending. However, Asia-Pacific is estimated to show the fastest CAGR of 18.0% during the forecast period. This is due to the rapid increase in the number of agricultural lands dedicated to organic farming, the presence of a huge population and the increased awareness of the benefits of organic food products in the region.
Main market players
WhiteWave Foods Co.
Hain Celestial Group, Inc.
General Mills Inc.
United Natural Foods, Inc.
Amy’s Kitchen, Inc.
Dean Foods Company
The Kroger Company.
Whole Foods Market, Inc.
The natural food and beverage market is expected to reach $361.3 billion by 2031
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