New Study Reports ” Organic Food and Beverages Market 2021, Global Key Players Analysis, Share, Trends, Business Updates, Future Opportunities Forecasts to 2030″ has been Added. The global organic food and beverages market revenue stood at US$ 165.52 billion in 2020 and is expected to grow at a CAGR of 17.05% during the forecast period of 2021 – 2030. At present, the market is sharping its presence and some of the key players in the study are Amy’s Kitchen, Inc., Cargill, Incorporated, ConAgra Brand, Inc., Dole Food Company Inc., SpartanNash Company, The J.M. Smucker Company, The Kraft Heinz Company, The Kroger Co, United Natural Foods, Inc, Whole Foods Market IP. L.P, Whitewave food company, Dole Food Company, The Hain Celestial Group, Inc., and General Mills Inc, among others. The study is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
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- Market drivers and restrains
- Key trends of the market
- Challenges of market growth
- Major players in the market
- CAGR values for the forecast period and historic years
The Organic Food and Beverages report highlights CAGR value fluctuations during the forecast period of 2021-2030 for the market. To put marketplace clearly into the focus of clients, most up to date market insights and analysis are provided via this Organic Food and Beverages report. The market research data included in this report is analysed and forecasted using market statistical and coherent models. The general market drivers analysed in this report are consumer demand, government policy and demand which makes consumer to buy product thereby leads to market growth and development. SWOT analysis is performed while generating this Organic Food and Beverages market report along with many other standard steps of researching, analysing and collecting data. We can help showcase where and how you win market share against competitors, develop in new geographies and skyrocket to the top.
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Organically produced food and beverages provides an answer to human requirement for nutritious food. Organic food and beverages are products which are obtained from organically grown plants and animals. Organic products are free from Genetically Modified Organisms (GMOs) and considered to be environment friendly. Organic food products are grown without the use of fertilizers, pesticides and other synthetic chemical while organic animals are raised without injecting any sort of antibiotics. Burgeoning demand from consumer side owing to various health benefits offered by organic products has opened up wide range of opportunity for organic food manufacturers.
Organic food and beverages which were previously sold in limited number of retail stores have now become prevalent across various retail outlets, supermarkets, and online platforms. The organic food and beverages market is driven by factors such as growing health awareness, increasing government support to promote organic farming, rising disposable income, and increasing organic farming practices. As reported by Research Institute of Organic Agriculture (FiBL), there are almost 3 million organic producer in the world with India being the home for nearly 30% of total producers.
Organic food and beverages are sold both online as well as through conventional retail stores. As per Organic Trade Association (OTA) 2018 survey, over 90% of sales are carried out through conventional and natural food supermarkets and chains. Direct marketing of organic products are still prevalent in emerging countries while in-store sales are soaring in developed countries. However, recent increase in online sales of organic food and beverages are expected to provide further boost to the organic food and beverages market.
New products launch, and innovations in existing products hold the key for leading players to remain competitive in the organic food and beverages market. In a bid to target larger customer base, United States based food company, Horizon Organic introduced protein rich milk which helped the company in effectively challenging Coca-Cola’s milk brand ‘Fairlife’. Organic milk, with such a high protein content, was unavailable in the United States’ market, and Horizon Organic capitalized on this opportunity by introducing brand new milk variants.
Fruits and vegetables dominated the global organic food and beverages market in 2020 and this trend is expected to continue during the forecasted period. Recent trends indicate that meats and poultry along with beer and wine organic products are showing significant growth. Organic wine making practices are being adopted widely in Americas. Supermarkets and convenience stores are offering certified organic wines across Brazil, while demand for organic wine has witnessed rapid rise in Mexico as well. Organic foods for pets are also showing promising growth in developing regions. As per American Pet Products Association, over 73% of millennials own a pet in the United States. These millennials are concerned about the safety of their pets which in turn is driving the demand of organic pet foods in the region. A similar trend is observed globally, across different regions and countries.
Developed regions have witnessed rapid rise in consumption of organic food and beverages. North America and Europe are the leading regions in terms of consumption of organic food and beverages. As per Research Institute of Organic Agriculture of 2018, United States alone accounts for substantial share of global sales in global organic food and beverages market. High consumption in developing regions have been supplemented by various driving factors such as growing awareness about harmful effect of inorganic food and beverages, changing food habits aimed at overall health improvement and rising healthcare expenditure. Asia Pacific and Latin America are expected to witness significant growth during forecasted period. Factors such as standardization of organic farming and increasing number of consumer food and beverages varieties will contribute to the growth of organic food and beverages market in the forthcoming years.
Global Organic Food and Beverages Market
Organic Food And Beverages Market: By Product Type
- Food Products
Organic Food And Beverages Market: By Distribution Channel
Organic Food And Beverages Market: By Application
Organic Food And Beverages Market: By Geography
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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