HYDERABAD, TELANGANA, INDIA, Aug. 23, 2022 /EINPresswire.com/ — The global organic food market size was valued at USD 201.77 billion in 2022, and it is estimated to reach USD 272.18 billion by 2028, with a recorded CAGR of 12.2% during the forecast period.
Organic foods are produced by organic farming methods and without the use of synthetic chemicals, man-made fertilizers and pesticides and generally do not contain modified organisms. Organic food also includes fresh meat and dairy products.
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Organic food is increasing the levels of health awareness in the country, this is also a major factor in boosting the market. Consumers pay more attention to organic foods such as nutritious foods and vitamins. And the factors that have driven the market, such as strong economic growth, rising income levels and urbanization, these factors have driven the growth of the market.
Increase awareness of fitness, health and wellness
Organic food does not contain harmful chemicals or pollutants. Organic foods limit the use of chemical preservatives or pesticides and use natural resources. Consumers are more concerned about their health and have also started to realize that their energy and fitness levels have also increased as they prefer organic foods to drive the market growth.
The high cost and short shelf life of organic food products is expensive due to increased labor inputs, which increases the final retail price in the market. Organic foods have a short shelf life and have limited market growth. The factors are shipping, expensive packaging and distribution costs to help them increase the shelf life of organic foods and restrain the market growth.
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Organic Food Market – By Food Type
• Fruits and vegetables
• Fish and poultry
• Dairy products
• Processed foods
Based on Food Type: Fruits & Vegetables segment is recorded as the largest market share in the organic food market in 2022 and it is expected to grow significantly over the forecast period. The segment is expected to increase the demand for various organic products. Fruits and vegetables prohibit the use of chemical pesticides and chemical preservatives.
Organic Food Market – By End Use
• Bakery and confectionery
• Ready-to-eat food products
• Breakfast cereals
• Processing industry
On the basis of end-use: ready-to-eat food products hold the largest market share in the organic food market in 2022 and are expected to witness significant growth over the forecast period. Increase the number of working populations. With the food and beverages and the hectic lifestyle, many consumers are demanding boosted products to drive the market growth.
Organic Food Market – By Distribution Channel
• Direct market
• Processing industry
Based on distribution channel: the processing industry holds the largest market share in the organic food market in 2022 and it is expected to grow significantly over the forecast period. Processing industry is the primary production process or occurs on raw materials.
North America is the largest growing region in the organic food market and is witnessing significant growth over the forecast period. Is the growth in popularity of organic foods and increased health awareness. North America is the market for organic foods and increasing chronic diseases and changing lifestyle of organic food manufacturers. The United States is the fastest growing organic food market, there has been rapid growth in food and beverage, the organic food market is driving the region’s market growth.
Asia-Pacific expected to be the growing region in the organic food market
Latest industry development:
• Dole Food Company Inc. has partnered with Safeway Fresh Foods LLC to expand the company’s product line to include new ideas in fresh fruits and vegetables.
• WESTPORT, Conn. (May 24, 2022) – Newman’s Own Foundation, the private foundation founded by legendary actor Paul Newman and funded by the profits and royalties he receives from the sale of Newman’s food and beverage, announces a new mission to gift of nurturing and transforming the lives of children who face adversity every day.
• (NYSE: DOLE) will announce its first quarter 2022 financial results on Tuesday, May 24, 2022, Dole before market open. Company management will host a webcast and conference call the same day at 8:00 a.m. Eastern Time. The company’s call host will be Rory Byrne, CEO; Johan Linden, Chief Operating Officer; Frank Davis, Chief Financial Officer; and James O’Regan, Head of Investor Relations.
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