Global Organic Food Market to Reach US$ 528.9 Billion by 2032, Impelled by Rising Health Consciousness Among Individuals

June 10, 2022 | Food & Beverages

According to the latest report by IMARC Group, titled "Organic Food Market Report by Product Type (Organic Fruits and Vegetables, Organic Meat, Poultry and Dairy, Organic Processed Food, Organic Bread and Bakery, Organic Beverages, Organic Cereal and Food Grains, and Others), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, and Others), Application (Bakery and Confectionery, Ready-to-eat Food Products, Breakfast Cereals and Others), and Region 2024-2032," the global organic food market reached a value of US$ 207.4 Billion in 2023. Organic food refers to any eatable item that is generally produced or raised using organic ingredients and methods. An organic plant is grown using natural fertilizers, organic herbicides and natural methods. On the other hand, livestock is provided with organic and genetically modified organisms (GMO)-free feed to obtain organically sourced dairy, meat and eggs. These foods mainly contain lower nitrate levels and a higher amount of omega fatty-acid, vitamins, iron and carotenoids that help in improving the overall health of the heart and boosting the immune system.

Global Organic Food Market Trends:

The global market is primarily driven by the increasing health consciousness among the masses. Coupled with the rising awareness regarding the health benefits of nutrient-rich food items, this is creating a positive market outlook. Moreover, the growing prevalence of chronic diseases among the masses is providing a boost to the demand for organic food products across the globe. Along with this, continuous improvements in the e-distribution channels and the advent of convenient home delivery models are influencing the market growth. Furthermore, several initiatives undertaken by the governments of multiple countries to promote ecological balance in an attempt to conserve biodiversity are acting as major growth-inducing factors. This has encouraged leading players to heavily invest in the adoption of organic farming practices in order to produce naturally sourced food products. Other factors, including the inflating disposable income levels of individuals, the development of aggressive marketing strategies and promotional campaigns, and extensive research and development (R&D) activities conducted by key players to extend the shelf life of food products organically, are also favorably impacting the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 528.9 Billion by 2032, exhibiting a CAGR of 10.97% during 2024-2032.

Market Summary:

  • On the basis of the product type, the market has been segregated into organic fruits and vegetables, organic meat, poultry and dairy, organic processed food, organic bread and bakery, organic beverages, organic cereal and food grains, and others.
  • Based on the distribution channel, the market has been classified into supermarkets and hypermarkets, specialty, convenience, online and other stores.
  • On the basis of the application, the market has been segmented into bakery and confectionery, ready-to-eat food products, breakfast cereals and others.
  • Based on the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Amy's Kitchen Inc., Clif Bar & Company, Danone S.A., Dole Food Company Inc., General Mills Inc., Newman's Own, Organic Valley, Sprouts Farmers Market Inc., The Hain Celestial Group Inc., The Kroger Company and United Natural Foods Inc.
     

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product Type, Distribution Channel, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Amy's Kitchen Inc., Clif Bar & Company, Danone S.A., Dole Food Company Inc., General Mills Inc., Newman's Own, Organic Valley, Sprouts Farmers Market Inc., The Hain Celestial Group Inc., The Kroger Company and United Natural Foods Inc.
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Global Organic Food Market to Reach US$ 528.9 Billion by 2032, Impelled by Rising Health Consciousness Among Individuals
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