The global organic foods market revenue was valued at USD 177.08 billion in 2023 and is estimated to grow to USD 199.35 billion in 2024. By 2032, the market is projected to reach USD 529.64 billion, registering a CAGR of 12.99% during the forecast period.
Rising health consciousness among consumers is expected to drive the demand for organic products. Increasing income levels further enable consumers to invest in such premium offerings, bolstering market growth. Additionally, celebrity endorsements and fundraising initiatives are anticipated to propel the market trajectory. Advancements in agricultural practices are also likely to support the development of the organic foods market.
This analysis is detailed in the report titled “Organic Foods Market, 2024-2032” by Fortune Business Insights™.
Information Source: https://www.fortunebusinessinsights.com/industry-reports/organic-foods-market-101470
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 Dominate Due to High Nutritional Value
The market is categorized into fruits & vegetables, dairy, meat, fish & poultry, frozen & processed foods, cereals & grains, beverages, and others. The fruits & vegetables segment is expected to lead the market due to their rich nutritional profile, including essential vitamins, minerals, fibers, and antioxidants.
Unprocessed Foods to Capture Major Share Due to Convenience
The market is further divided into processed and unprocessed foods. Unprocessed organic foods are expected to dominate the market, driven by their fresh appearance and the convenience they offer to consumers seeking natural, minimally altered products.
Supermarkets/Hypermarkets to Lead Distribution Channels
The distribution channel segment includes supermarkets/hypermarkets, specialty stores, convenience stores, online retail, and others. Supermarkets/hypermarkets are expected to hold the largest market share, as they provide a wide variety of products and brands, making them a one-stop shop for organic food consumers.
Report Coverage
The report offers an in-depth analysis of the leading market segments and emerging trends. It thoroughly explores the driving and restraining factors influencing the market and evaluates the impact of COVID-19. Furthermore, the report highlights regional developments and examines the strategies adopted by key players to strengthen their market positions.
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