The rapid penetration of e-commerce and increasing health awareness among the masses has changed the outlook for the entire organic food and beverage industry.
PORTLAND, OR, USA, Sept. 26, 2022 /EINPresswire.com/ — Consuming organic foods and beverages is expected to offer many benefits 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, due to its huge growth potential, the market is attracting more investors and many governments countries are proposing 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 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.
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.
“The outbreak of COVID-19 in 2020 has significantly boosted the demand for organic food products across the world. Health consciousness among people has increased exponentially. As a result, the demand for clean labeled food products and healthy products has grown at a significant rate. According to the Organic Trade Association, the United States had an all-time high in organic food sales in its history in 2020.”
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According to the organic food and beverages market analysis, the market is segmented on the basis of product type, process, distribution channel and region. On the basis of product type, the organic food and beverage market is segmented into organic food and vegetable, organic meat, fish and poultry, organic dairy, organic frozen and processed food, organic non-dairy beverage, organic coffee and tea, organic beer and wine, and other organic food and beverages. Based on the process, the market is segregated into processed and unprocessed products. On the basis of distribution channel, the organic food and beverage market is divided into supermarkets/hypermarkets, specialty stores, convenience stores, online sales channels and others (food service, grocery and others). On the basis of region, the global organic food and beverages market is analyzed into North America (US, Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and Rest of Asia-Pacific) and LAMEA (Brazil, South Africa, United Arab Emirates, Saudi Arabia and Rest of LAMEA).
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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Main results of the study:
The organic coffee and tea segment dominated the global organic food and beverage market trends in 2020 and is expected to reach $189,881.7 by 2031.
Based on the process, the processed segment grows at a faster rate during the forecast period.
The supermarket/hypermarket segment accounted for 35.2% of the total market share in 2020.
Asia-Pacific is expected to see the strongest growth, registering a CAGR of almost 18.0% during the forecast period.
The United States accounted for 41.5% of the market share of the global organic food and beverage market forecast in 2020.
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