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Jun 01, 2022, 08:45 ET
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The global organic food market is expected to observe significant growth by 2030, owing to the rising awareness of fitness, health, and wellbeing among people. Geographically, the Europe region is expected to be dominant during the analysis period.
NEW YORK, June 1, 2022 /PRNewswire/ — Research Dive has added a new report to its offering titled, "Organic Food Market by Food Type (Fruit & Vegetables, Meat, Fish & Poultry, Dairy Products, Frozen & Processed Foods, and Others) and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022–2030."
According to the report, the global organic food market is anticipated to garner a revenue of $484.0 billion by 2030 and grow at a healthy CAGR of 11.77% during the analysis timeframe from 2022 to 2030.
Dynamics of the Organic Food Market
With the increasing demand for organic food among people, as these foods are produced without using pesticides, fertilizers, or preservatives, the organic food market is expected to see remarkable growth over the estimated period. Besides, the growing awareness among population related to the numerous health benefits associated with the consumption of organic food is further expected to fortify the growth of the market during the estimated period. Moreover, the increasing demand for organic poultry as it is free from any artificial constituents is expected to amplify the growth of the market over the analysis period. However, the high cost and short shelf life of organic food may impede the growth of the market during the forecast period.
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Covid-19 Impact on the Organic Food Market
Though the outbreak of the Covid-19 pandemic has devastated several other industries, it has had a positive impact on the organic food market. Due to the severe symptoms of the deadly virus, people have changed their purchasing patterns and started giving importance to building a strong immune system. This has uplifted the preference for purchasing organic and natural food. All these factors have boosted the growth of the market during the pandemic period.
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Segments of the Organic Food Market
The report has divided the market into segments based on food type and region.
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Key Players of the Organic Food Market
The major players of the organic food market include
All these players working on the development of new business strategies such as collaborations and partnerships, mergers and acquisitions, and product development to acquire a leading position in the global industry. – Inquire here to get more insights of key business development strategies
For instance, in October 2021, simply tera’s, a global provider of high-quality whey proteins in sustainable packaging, announced its collaboration with Organic Valley, a United States-based organic food brand and independent cooperative of organic farmers. With this collaboration, the companies are aimed to provide the deliciously smooth and creamy taste of organic whey protein with 100% sustainable packaging to their customers, which is better for human health as well as the environment.
In addition, the report also summarizes other important aspects including the financial performance of the key players, SWOT analysis, product portfolio, and the latest strategic developments.
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About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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Global Organic Food Market Anticipated to Generate a Revenue of $484.0 Billion and Rise at a CAGR of 11.77% over the Forecast Period from 2022 to 2030 [220-Pages] | Report by Research Dive – PR Newswire
