Organic Food Market Poised to Surge, Projected to Reach $289.4 Billion by 2030

[Redding, California, 22-02-2024] - Meticulous Research®, a renowned global market research firm, has unveiled its latest comprehensive report titled 'Organic Food Market by Type (Fruits, Vegetables, Grains, Beverages, Bakery), Distribution Channel (Supermarket, Hypermarkets, E-commerce), Process (Unprocessed, Processed, Ultra-processed), Packaging Type (Fresh, Frozen) - Global Forecasts to 2030.'

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According to this groundbreaking publication from Meticulous Research®, the global organic food market is anticipated to scale to a monumental valuation of $289.4 billion by 2030, showcasing a robust CAGR of 9.5% from 2023 to 2030. This surge is primarily driven by a multitude of factors including the burgeoning population of health-conscious consumers, escalating demand for clean-label products, and unwavering support from governmental and non-governmental organizations towards organic farming initiatives. Furthermore, shifts in lifestyle patterns and the augmentation of disposable incomes are anticipated to catalyze market expansion. However, the premium pricing of organic products may pose a moderate hindrance to market growth.

Market Dynamics

The organic food market is meticulously segmented based on various parameters including type, distribution channel, process, packaging type, and geography. The report delves into a comprehensive analysis of industry competitors while offering insights at both regional and country levels.

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Key Insights

Fruits and Vegetables Segment: Foreseen to dominate the global organic food market in 2023, driven by surging health and wellness trends, increasing consumer preference for fresh organic produce, and a burgeoning array of offerings across diverse sales channels. Consumers perceive organic fruits and vegetables as healthier alternatives, given their cultivation without synthetic pesticides, herbicides, and GMOs, coupled with a focus on soil health and nutrient-rich crops.

E-commerce Distribution Channel: Expected to register the highest CAGR during the forecast period, attributed to the convenience, discounts, personalization options, and extensive product selection afforded by online platforms compared to brick-and-mortar establishments.

Unprocessed Process Category: Envisaged to command the largest market share in 2023, owing to a rising vegetarian populace, escalating demand for minimally processed organic goods, and consumer apprehensions regarding additives present in processed foods.

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Frozen Packaging Segment: Poised to exhibit the highest CAGR during the forecast period, propelled by escalating demand for convenience foods, the proliferation of the global cold chain, enhanced availability, and mounting requisites from hospitality, restaurant, QSR, and food service sectors.

Regional Dominance: North America is projected to clinch the lion's share of the organic food market in 2023, attributed to escalating health and wellness trends, a robustly established food sector, heightened adoption of technological innovations in the food and beverage domain, and substantial investments in the organic food segment.

Key Players

The global organic food market presents a moderately competitive landscape, with a plethora of prominent players including Hain Celestial Group, Inc., General Mills, Inc., United Natural Foods Inc., Nature's Path Foods, Inc., and others, vying for market supremacy.

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