Organic Food Market Size, Trends, Share, Growth, and Opportunity Forecast, 2024 - 2031 Global Industry Analysis By Product Type (Dairy products, Meat and Poultry, Beverages, Food Grains, Spices, Fruits & Vegetables, and Others), By Type (Processed, and Unprocessed), By Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Convenience Stores, Online Retail, and Others) and By Geography (North America, Europe, Asia Pacific, South America, and Middle East & Africa)

Organic Food Market Size and Forecast 2024 to 2031

The Global Organic Food Market was valued at USD 211.36 Billion in 2023 and is anticipated to reach a value of USD 821.77 Billion by 2031 expanding at a CAGR of 18.6% between 2024 and 2031.

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Organic food refers to the food that is produced using organic farming practices, which involve growing crops and raising livestock without the use of synthetic fertilizers, pesticides, genetically modified organisms, antibiotics, and growth hormones. Organic food is grown without the use of synthetic chemicals, and artificial fertilizers. It is considered to be healthier and more nutritious than conventionally grown food as it consists of no harmful chemicals or synthetic additives. Organic food is not only beneficial for consumers but also for farmers and the economy. Organic foods may contain more nutrients, which provide health benefits for consumers. The demand for organic ingredients has grown over the past few years owing to the factors such as increasing health awareness, increasing disposable incomes, rising popularity of NON-GMO products, and changing consumer lifestyles.

Organic Food Market Major Driving Forces

·         Increasing Health Awareness: The increasing health awareness among consumers is a significant driver for the organic food market. Consumers are becoming more aware of the potential health benefits of organic food, resulting in a greater demand for organic products.

·         Increasing Disposable Incomes: With the rising disposable incomes particularly in developing countries, consumers are spending more on premium products such as organic food. As disposable income rise, consumers are shifted towards high-quality food products, contributing to the organic food market growth.

·         Rising Popularity of non-GMO Products: The growing popularity of non-GMO products among consumers is driving demand for organic food. Rising concerns about health risks associated with conventional farming practices, are driving consumers towards organic options.

·         Changing Consumer Lifestyles: The rise of health and wellness trends, with increased focus on nutrition and healthy eating, drives demand for organic food. With the rising urbanization and busy lifestyles, people seeking convenient yet healthy eating options.

Organic Food Market Key Opportunities

·         Online Retail and E-commerce Growth: The continued growth of online retail and e-commerce platforms provides an opportunity for organic food manufacturers to expand their reach and tap into a broader customer base. Online sales channels allow for easier product accessibility and global market penetration.

·         Innovation in Products: Growing focus on introducing new and innovative organic food products offers opportunity for market players. Major industry players are coming up with innovative products in several categories, such as snacks, infant formulas, confectionaries, beverages, and bakery products, to increase their prominence in the market.

·         Sustainability Concerns: Consumers are increasingly concerned about the environmental impact of conventional farming practices which is anticipated to create opportunities for market growth. With increasing environmental concerns, consumers are prioritizing organic food products that are produced through sustainable farming practices.

Organic Food Market Key Trends

·         The Growing Awareness Regarding the Health Benefits of Organic Food Products

·         Growing consciousness regarding the health hazards associated with chemical pesticides and fertilizers

·         Growing trend of purchasing organic food products from the online platform due to increased use of internet and smartphones

·         Growing focus on introducing new and innovative organic food products in various categories, such as snacks, beverages, infant formulas, and bakery products

·         The increasing popularity of fortified processed foods with organic labels is getting traction in the industry

·         Growing government initiatives for organic food farming is boosting the growth of organic food market

·         Rising demand for plant-based foods, driven by health and environmental concerns, is fueling growth in organic plant-based alternatives

Region-wise Market Insights

North America accounted for the largest market share at 37.1% in 2023 whereas, Asia Pacific is expected to register the fastest growth, expanding at a CAGR of 19.2% between 2024 and 2031.

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North America led the global organic food market with the highest market share. This growth is driven by the increasing consumer health consciousness, presence of large number of key players, growing health and wellness trend, and increased demand for organic food in the region. Furthermore, advancements in distribution and retail channels have made organic products more accessible, resulting in an increase in sales of organic food. European region will grow well in the coming years due to increase in the purchasing power, rising popularity of organic food, and growing eco-consciousness in the region. In Asia-Pacific, the market is characterized by rapid urbanization, growing population, increasing awareness of health benefits of organic food, rising disposable incomes, and government initiatives for organic farming has created an increasing demand for organic food. The Middle East and Africa has been witnessing a growing demand for organic food driven by rising disposable income, health and wellness trend, and growing concerns about environmental impact whereas, in South America, the market is influenced by economic factors, with increasing consumer awareness of the benefits of organic products.

Market Competition Landscape

The global organic food market is characterized by intense competition among a large number of established players. Key players in the organic food market engage in strategies aimed at gaining a competitive edge. These strategies include product innovation, design differentiation, and the incorporation of sustainable and eco-friendly farming practices to meet evolving consumer preferences. Established brands leverage their reputation for quality and reliability to maintain market share, while newer entrants focus on disruptive innovations and unique selling propositions.

Key players in the global organic food market implement various organic and inorganic strategies to strengthen and improve their market positioning. Prominent players in the market include:

·         General Mills, Inc.

·         Hain Celestial Group, Inc.

·         Danone S.A.

·         United Natural Foods, Inc.

·         Amy's Kitchen, Inc.

·         Organic Valley

·         Nestlé SA

·         The Kraft Heinz Company

·         Eden Foods, Inc.

·         Sunopta Inc.

·         The Kroger Co., Inc.

·         Clif Bar & Company  

·         Nourish Organics Foods Pvt. Ltd

·         Nature Bio-foods Limited