Rising demand for clean label food and beverage products is expected to be a major driver for the growth of the organic food and beverage market
PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220, USA, March 22, 2022 /EINPresswire.com/ — According to a new report released by Allied Market Research, titled “Organic Food and Beverages Market by Product Type, Process , and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2022–2031”, the global organic food and beverage market size is expected to reach USD 860,625.7 million by 2031 at a CAGR of 14.9% from 2022 to 2031.
It is expected that the consumption of organic foods and beverages will offer many advantages over conventional foods. Organic products help to get rid of the harmful effects of inorganic foods and help lead a healthy life. The global organic food and beverage market is poised to witness significant growth over the forecast period, owing to rising income levels, growing awareness about the benefits of organic products and improving organic farming techniques. The demand for organic food and beverages is expected to quadruple by 2031 from its size in 2020. Also, owing to the huge growth potential, the market is attracting more investors and governments from Many countries are coming up with new investment policies to encourage organic farming, which creates huge growth opportunities for the organic food and beverage market to nurture in the near future. However, factors such as the high price of organic products and poor shelf life are expected to hinder the growth of the organic food and beverage market.
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The developing markets of India, China and Brazil are supported by rising incomes, rising quality of life and a growing middle class, which are fueling demand for food and organic drinks. Additionally, the rapid penetration of e-commerce, surge in adoption of online platforms among millennials, and increased health awareness among the masses have changed the outlook for the entire healthcare industry. organic food and drink.
According to the organic food and beverage market analysis, the market is segmented on the basis of product type, process, distribution channel and region. Based on product type, organic meat, fish, poultry and dairy segments are expected to be the fastest growing segments during the forecast period. The increase in meat consumption and the increase in demand for organic dairy products are due to the awareness of the health benefits of clean and sustainable labeled organic foods.
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Based on the process, the unprocessed segment dominated the organic food and beverage market, securing 93.0% of the organic food and beverage market share in 2020. Fresh and unprocessed organic food and beverages are beneficial to health. Processed foods are carcinogenic and hence the demand for unprocessed organic food products is high.
Based on distribution channel, online sales segment is expected to be the fastest growing segment during the forecast period. The rapid penetration of online grocery stores and online food delivery platforms across the world, coupled with the surge in smartphone adoption and the increase in the number of internet users, are the main drivers. which are expected to propel the growth of online sales channel segment in the global market. The supermarket/hypermarket segment accounted for 35.2% market share in 2020 and was the dominant market.
Based on the region, Asia Pacific is expected to grow at a significant rate over the forecast period. Rising awareness about the health benefits of organic products, increasing disposable income of consumers, and improved standard of living in the region are the major factors influencing the growth of the market.
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Main benefits for stakeholders
The report provides an in-depth analysis of current and emerging organic food and beverage market trends and opportunities.
The report provides a detailed qualitative and quantitative analysis of current trends and future estimates which helps to assess the current Organic Food and Beverages market opportunities in the market.
The Organic Food and Beverages market forecast is offered along with information related to key drivers, restraints, and opportunities.
Market analysis is conducted by tracking the positioning of key products and monitoring major competitors within the scope of the market.
The report provides in-depth qualitative insights on potential and niche segments or regions exhibiting favorable growth.
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Major market players profiled in the report are WhiteWave Foods Co., Hain Celestial Group, Inc., General Mills Inc. United Natural Foods, Inc., SpartanNash Company, Amy’s Kitchen, Inc., Dean Foods Company, Starbucks Corporation, The Kroger Co. and Whole Foods Market Inc.
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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unparalleled quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior executives from leading companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.
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