Organic Food Market 2023 By Size, Forecasts Report Systemic Production Practices are Key for Driving Growth-2032

As per The Business Research Company's Organic Food Opportunities And Strategies Market Report 2023, The global organic food market reached a value of nearly $215,350.2 million in 2022, having grown at a compound annual growth rate (CAGR) of 11.3% since 2017. The market is expected to grow from $215,350.2 million in 2022 to $412,927.7 million in 2027 at a rate of 13.9%. The market is then expected to grow at a CAGR of 16.7% from 2027 and reach $894,544.7 million in 2032.

The increase in the awareness of fitness among people and the growing number of health-conscious consumers are expected to drive the market for organic food during the forecast period. Consumers are moving towards maintaining good health through various diets including ket*o and vegan, and fitness training including gyms. This shift is mainly because of the rise in sedentary jobs and busy lifestyles which are the major causes of diseases such as high blood pressure and diabetes. For example, a 2018 consumer food and beverage survey, by L.E.K., a US-based management consulting company, of nearly 1,600 consumers showed that they want health claims to be more nuanced and convey specific attributes. Nearly 93% of respondents stated that they feel obligated to eat healthily at least some of the time. Also, 63% stated that they strive to eat healthily most of the time, if not always. Consumers are aware of labels, regardless of their level of commitment, with 47% reading labels at least most of the time when purchasing a product. As a result of a balanced diet, many consumers are preferring organic and convenience food and beverages that offer umpteen nutrition profiles, thereby, driving the market for organic food during the forecast period.

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Companies in the organic food industry are focusing on improving their labelling and packing. Organic food has grown into a multi-million dollar industry and is commanding a larger share of the overall food market. As the world becomes more health conscious, consumers are looking for organic foods. For these products to truly appeal to organic shoppers, the food packaging labels should be environmentally friendly as well. The emphasis on labelling and packing has shifted to sustainability, clear labelling, with minimal designs. For instance, according to the research on Packaging and Consumer Behavior in 2020, 38% of consumers are willing to purchase a newly launched product with clear product information. To reduce the amount wasted, organic packaging companies try to package using as little material as possible. Some companies opt for plain, labeled plastic bags over any type of eye-catching packaging. These clear bags also allow consumers to see the product before they buy it offering an added sense of transparency. While packaging organic foods, companies try to include information about purity and a tamper evident seal, ensuring the customer that products are free from pesticides, herbicides, and other antibiotics. Companies such as US based Lien Design, work closely with organic food companies to attract more customers.

The top opportunities in the organic food market segmented by product type will arise in the organic fruits and vegetables segment, which will gain $76,384.9 million of global annual sales by 2027. The top opportunities in segment by distribution channel will arise in the conventional retailers segment, which will gain $133,071.0 million of global annual sales by 2027. The organic food market size will gain the most in China at $50,778.9 million.

Organic Food Market Segmentation:
The Organic Food market is segmented
By Product Type -
a) Organic Meat
b) Poultry And Dairy
c) Organic Fruits And Vegetables
d) Organic Bread And Bakery
e) Organic Beverages
f) Organic Processed Food
g) Other Organic Products

By Distribution Channel -
a) Conventional Retailers
b) Natural Sales Channels
c) Online Stores

Major players in the Organic Food market include

The regions covered in the global Organic Food market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global Organic Food Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

Organic Food Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
...............
19. Company Profiles
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Organic Food Market, Conclusions And Recommendations
23. Appendix

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