New York, USA, May 03, 2022 (GLOBE NEWSWIRE) — According to the report published by Research Dive, the global organic food market is intended to generate a revenues of $416,049.7 million and go up to a 12.4% CAGR throughout the estimated period from 2020-2027.
The report has divided the organic food market into segments based on food type and region.
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Food type: the fruits and vegetables sub-segment will be the most profitable
Based on the type of food, the organic food market is divided into several sub-segments, namely fruits and vegetables, meat, fish and poultry, dairy products, frozen and processed foods, etc. Among these, the fruits and vegetables sub-segment valued at $63,549.4 million in 2019 and is expected to be the most lucrative and grow at a CAGR of 12.1% during the forecast period. This is mainly because there is no use of chemical fertilizers or chemical pesticides in the production of organic fruits and vegetables. Additionally, the growing cultivation of various organic fruits and vegetables across the globe to meet the demand for various organic products is expected to drive the growth of the organic food market sub-segment over the analysis period.
Region: Asia-Pacific region will have maximum market share
Based on region, the organic food market is segmented into regions, such as North America, Europe, Asia-Pacific, and LAMEA. Among all ranked regions, Asia-Pacific accounted for $21,712.9 million in 2019 and is expected to grow at a CAGR of 16.4% during the forecast period. The strong presence of several organic food manufacturers in this region is expected to create various growth opportunities for the regional growth of the organic food market over the estimated period.
On the other hand, the North America region generated $59,305.4 million in 2019 and is expected to grow at a CAGR of 13.1% over the analysis period. This is mainly due to the increasing demand for organic food among the people of this region. Furthermore, the presence of a large number of leading retail stores in this region, such as Costco, Walmart, and many others, is expected to drive the regional growth of the market over the forecast period.
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With the growing awareness among Millennials of the multiple benefits of using organic foods, due to the absence of any type of chemicals, fertilizers or preservatives in their production, the market is expected to witness a remarkable growth over the forecast period. Additionally, increasing income level of the people and improved distribution channels are the factors that are expected to amplify the growth of the organic food market over the analysis period. However, the high cost of organic food due to larger workforce and greater diversity of industries may hamper the growth of the market over the estimated time period of the analysis.
Main market players
Key players in the organic food market include
- Whole Foods Market PI. LP
- Newman’s Own, Inc.
- Frito Lay
- The Kroger Co., Inc.
- Dole Food Co., Inc.
- Clif Bar & Company
- Organic Valley
- Dean Foods, and many more.
These players are extensively working on developing new business strategies and tactics such as product development, mergers and acquisitions, and partnerships and collaborations to procure a leading position in the global industry.
For example, in November 2021, Eat well group, a leading integrated plant-based food investment firm, announced its acquisition of Amara Organic Foods, a renowned organic baby food brand. With this acquisition, Amara aims to strengthen its base by integrating with Eat Well Group and the companies aim to provide fresh, low-sugar baby products that are barely processed and stable during storage.
1. Research methodology
1.1. Literature search
1.2. Real-time information and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.4.2. Forecast Parameters
1.5. Information source
2. Executive Summary
2.1. 360° Summary
2.2. Food Type Trends
3. Market Overview
3.1. Market segmentation and definitions
3.2. Key points to remember
3.2.1. The best investment pockets
3.2.2. The best winning strategies
3.3. Porter’s Five Forces Analysis
3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. The threat of new entrants
3.3.4. The threat of substitutes
3.3.5. Competitive rivalry in the market
3.4. Market dynamics
3.5. Technological landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Price overview
3.8.1. By type of food
3.8.2. By region
3.9. Market value chain analysis
3.9.1. Stress point analysis
3.9.2. Raw material analysis
3.9.3. Manufacturing process
3.9.4. Distribution channel analysis
3.9.5. Operational suppliers
220.127.116.11. raw material suppliers
18.104.22.168. Product manufacturers
22.214.171.124. Product distributors
3.10. Strategic overview
Besides, the report also presents other vital aspects including product portfolio, financial performance of key players, SWOT analysis and latest strategic developments.
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