The GMI Research’s latest analysis reveals that the Organic Food Market is slated to register a higher CAGR over the coming years. This is mainly attributed to the growing health concerns among individuals, the emerging trend of standardization of organic food, the increasing awareness regarding the detrimental effects of pesticide residues in food, and its influence on individuals’ health.
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Organic Food Market’s leading Manufacturers:
- Danone
- Hain Celestial Group Inc.
- EDEKA Handelsgesellschaft Nord GmbH
- General Mills Inc.
- SFM, LLC.
- United Natural Foods INC.
- Nature’s Path Foods, Inc.
- Amy’s Kitchen
- Organic Valley
- Newman’s Own
Organic Food Market Dynamics (including market size, share, trends, growth, forecast, and industry analysis)
Key Drivers
The growing health concerns among individuals, the emerging trend of standardization of organic food, the increasing awareness regarding the detrimental effects of pesticide residues in food and its influence on individuals’ health, and rising food scarcity are the key drivers contributing to the growth of the organic food market size. According to the organic food market analysis, the strong presence of synthetic chemicals, including antibiotics and pesticides in plants and animals, with cause various health risks, will encourage the consumers to opt for an organic food product. The growing government participation in aiding consumers to understand the difference between legitimate products and falsely labeled ones will further propel the growth of the organic food market share in terms of revenue. On the other hand, the factors hindering the growth of the market include less shelf life, premium pricing is limiting the acceptance and restricted options from the product assortments.
Product Type Segment Drivers
Based on the Product type, the market is segmented into organic meat, organic fruits and vegetables, poultry and dairy, and organic processed food. Organic fruits and vegetables is projected to lead the market over the coming years due to the growing health concerns among consumers. The rising demand for organic fruits and vegetables that do not contain any fertilizers and harmful chemicals will boost the growth of the market.
Distribution Channel Segment Drivers
On the basis of distribution channels, the market is segmented into supermarkets/hypermarkets, convenience stores, online, specialty stores, and others. The supermarkets/hypermarkets are expected to increase at a faster CAGR over the coming years due to the availability of many products with attractive discounts.
Regional Drivers
Based on the region, the Asia-Pacific is excepted grow at a higher CAGR over the coming years due to the growth in health awareness and drastically changing lifestyle, followed by the rising disposable income and an upsurge in different products, including meat products, dairy products, and fruits & vegetable health drinks. Several regulatory authorities take various initiatives towards setting standards and regulations for the promotion of organic food products will further support the market growth.
Organic Food Market Segmentation:
Segmentation by Product Type:
- Organic Meat, Poultry, and Dairy
- Organic Fruits and vegetables
- Organic Processed Food
- Others
Segmentation by Distribution Channel:
- Supermarket/Hypermarket
- Convenience Store
- Speciality Stores
- Online
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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