The global organic foods market was valued at USD 177.08 billion in 2023 and is expected to grow from USD 199.35 billion in 2024 to USD 529.64 billion by 2032, with a CAGR of 12.99% during the forecast period. Europe led the organic foods market with a market share of 44.17% in 2023. Additionally, the organic foods market in the U.S. is projected to grow significantly, reaching an estimated value of USD 185.47 billion by 2032, driven by heightened health consciousness among the population and a growing number of organic food product launches.
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List of Key Players Profiled in the Report
- General Mills Inc. (U.S.)
- Danone S.A. (France)
- Dole plc. (Ireland)
- Organic Valley (U.S.)
- Organic India Pvt. Ltd. (India)
- Amy's Kitchen, Inc. (U.S.)
- Arla Foods Amba (Denmark)
- Eden Foods Inc (U.S.)
- Hain Celestial Group, Inc. (U.S.)
- SunOpta Inc (U.S.)
Segments
Fruits & Vegetables to Lead Due to Increasing Nutritional Values
On the basis of the category, the market is divided into fruits & vegetables, dairy, meat, fish, & poultry, frozen & processed foods, cereals & grains, beverages, and others. Fruits & vegetables segment is anticipated to have the largest part due to its nutritional value and presence of various minerals, vitamins, fibers, and antioxidants.
Unprocessed Foods to Govern the Segment Owing to its Convenience
Based on product type, the market is categorized into processed and unprocessed. Unprocessed organic foods are expected to have a major part owing due to their fresh-like appearance and convenience associated with these foods.
Supermarkets/Hypermarkets to Lead the Segment Due to Wide Range of Products
Based on distribution channel, the market is divided into supermarkets/hypermarkets, specialty stores, convenience stores, online retail stores, and others. Supermarkets/hypermarkets segment is expected to have a major part as it offers a wide range of brands and product varieties in a single place.
Report Coverage
The report offers an in-depth analysis of the leading segments and the latest trends in the organic foods market. It thoroughly explores the driving and restraining factors influencing growth, along with the impact of COVID-19 on the market. Furthermore, the report provides insights into regional developments and outlines the strategies adopted by key players in the market.
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Drivers and Restraints
Evolving Farming Practices to Drive Market Development
The growth of the organic foods market is expected to be driven by the increasing adoption of evolving farming practices, supported by the wide availability of chemical fertilizers and pesticides. Growing awareness of the environmental impact of hazardous chemicals in agriculture is also anticipated to fuel market growth. The rising trend of organic farming worldwide is improving product availability and making organic foods more affordable. Additionally, a growing number of product launches by market players is expected to further boost market expansion.
However, the high prices and limited shelf life of organic foods may pose challenges to market growth.
Regional Insights
Europe to Lead Market Share Owing to Increasing Environmental and Animal Concerns
Europe is expected to lead the organic foods market due to growing environmental and animal welfare concerns, which are driving consumers to choose organic products like fruits and vegetables. According to AgenceBio, the French Agency for the Development and Promotion of Organic Agriculture, fresh fruits and vegetables accounted for 17% of organic consumption in France in 2020, making it the second most consumed organic product at home, following groceries at 31%.
North America is also poised to be a major region for this market, driven by increasing health awareness among consumers and a growing preference for organic foods. Demand for organic products is rising in countries such as Canada, the U.S., and Mexico. The Organic Trade Association (OTA) reported an 11% increase in dollar sales for the organic baby food category in the U.S. in 2021, followed by an 8% growth in the beverages segment, highlighting the expanding popularity of organic options.
Competitive Landscape
New Product Offerings by Key Market Players to Set Market Course
Major players in the organic foods market have been expanding their offerings and building brand loyalty in both developed and developing regions. The introduction of innovative products by new entrants has further fueled market growth. For example, Amul, a leading brand, expanded its organic product portfolio in May 2022 by launching a variety of items such as organic whole wheat atta, moong dal, tur dal, chana dal, and basmati rice. This move aligns with the growing consumer demand for organic products and highlights the competitive strategies employed by key players to strengthen their market positions.
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Key Industry Development
May 2022- Barry Callebaut, a leading Belgian-Swiss cocoa processor and chocolate manufacturer, announced the expansion of its plant-based product portfolio with the introduction of dairy-free organic chocolate. This new offering is aimed at catering to the growing demand for plant-based and organic products among consumers across North America, further solidifying Barry Callebaut's commitment to innovation in response to evolving market trends.
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