The latest report published by IMARC Group, titled “Organic Food Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which includes information on market share. The report also includes competitor and regional analysis, as well as contemporary market advancements.
The global organic food market size reached US$163.04 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$340.16 billion by 2027, showing a CAGR of 12.40% over the period 2022-2027.
Request a free sample PDF of the report: https://www.imarcgroup.com/organic-food-market/requestsample
Organic food refers to any edible product 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 receive organic and genetically modified organism (GMO) free feed to obtain dairy products, meat and eggs from organic farming. These foods mainly contain lower levels of nitrates and higher amount of omega fatty acids, vitamins, iron and carotenoids which help improve overall heart health and strengthen the immune system.
Market Trends and Drivers:
The global organic food market is mainly driven by the growing health consciousness among the masses. Coupled with the growing awareness of the health benefits of nutrient-dense foods, this is creating a positive market outlook. Moreover, the growing prevalence of chronic diseases among the masses is driving the demand for organic food products across the world. Along with this, continuous improvements in electronic distribution channels and the advent of convenient home delivery models are influencing the growth of the market. In addition, several initiatives undertaken by the governments of several countries to promote ecological balance with the aim of conserving biodiversity act as major growth factors. This has encouraged major players to invest heavily in the adoption of organic farming practices in order to produce food products of natural origin. Other factors, including inflating disposable income levels of individuals, the development of aggressive marketing strategies and promotional campaigns, and extensive research and development (R&D) activities by key players to extend shelf life food products organically, also have a favorable impact on the market.
Competitive Analysis and Segmentation of the Organic Food Market 2022-2027:
Competitive landscape with key players:
The competitive landscape of the Organic Food Market has been studied in the report along with the detailed profiles of the major players operating in the market.
Some of these key 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
• United Natural Foods Inc.
Key Market Segmentation:
The report has segmented the global organic food market on the basis of product type, distribution channel, application, and region.
Breakdown by product type:
• Organic fruits and vegetables
• Organic meat, poultry and dairy products
• Organic processed foods
• Organic bread and bakery
• Organic drinks
• Organic cereals and grains
Breakdown by distribution channel:
• Supermarkets and Hypermarkets
• Specialty stores
• Convenience stores
• Online stores
Breakdown by application:
• Bakery and Confectionery
• Ready-to-eat food products
• Breakfast cereals
Breakdown by region:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Ask the analyst for a customization and explore the full report with table of contents and list of figures: https://www.imarcgroup.com/request?type=report&id=5598&flag=C
Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Market trends
• Market drivers and success factors
• Impact of COVID-19
• Value chain analysis
• Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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This press release was published on openPR.