Press release
Organic Food Market to reach USD 474.9 Bn by 2029, emerging at a CAGR of 13.21 percent and forecast 2023-2029
Organic Food Market
Maximize Market Research Pvt Ltd, a leading market research company, has released its latest report on the Organic Food Market, providing valuable insights into the industry's size, growth prospects, and key trends. The report reveals that the Organic Food Market was valued at US$ 199.2 billion in 2022 and is projected to witness a CAGR of 13.21% from 2023 to 2029, ultimately reaching nearly US$ 474.9 billion.
The report is based on extensive research conducted using robust methodologies to provide accurate and reliable market insights. To understand the market dynamics, comprehensive data collection and analysis were performed.
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Organic Food Market Dynamics:
The demand for organic food is primarily driven by concerns for personal health and environmental sustainability. Changing dietary habits and growing awareness of issues related to conventionally farmed foods are influencing consumer preferences toward organic products. Additionally, the toxic effects of pesticides in food products, as highlighted by a UN report, have contributed to the shift in consumer focus toward organic foods.
The public's worries about their own health and the environment are what fuel demand for organic foods. People's shifting eating habits and awareness of the problems with conventionally farmed crops are anticipated to have a favorable influence on customers' desire for organic food. According to a UN report, the harmful consequences of pesticides in food products claim the lives of almost 200,000 people annually. The focus of customers on organic food items shifts as a result of this aspect.
Organic Food Market Regional Insights:
North America accounted for the largest market share, with the United States contributing significantly to organic food sales. Rising awareness of the health benefits of organic food and improved living standards are driving demand in this region.
The Asia Pacific region is expected to witness the highest CAGR of 11.4% during the forecast period, driven by increasing awareness of advanced biological farming techniques and growth in the agriculture sector. India, in particular, experienced a 51% increase in organic food exports, reaching US$ 1 billion in 2020-21, according to the commerce ministry.
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Organic Food Market Segmentation:
by Product
Organic Fruits
Vegetables
Organic Beverages
by Form Type
Fresh
Pureed
Frozen
Powder
by Distribution Channel
Online
Offline
Organic Food Market Key Players:
1.Whole Foods Market Inc.
2.General Mills Inc.
3.Everest
4.Cargill Inc.
5.WhiteWave Foods
6.Danone
7.United Natural Foods Inc.
8.Hain Celestial Group
9.Dole Food Company Inc.
10.Dean Foods
11.Amul
12.The Hershey Company
13.Louis Dreyfus Holding BV
14.Arla Foods Inc.
15.Nature's Path Foods
16.NewMan's Own Inc.
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Table of content for the Organic Food Market includes:
1. Global Organic Food Market: Research Methodology
2. Global Organic Food Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Global Organic Food Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4. Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size and Forecast by different segment | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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