Organic Food and Beverages Market 2023-2031 |Global Key Players; Starbucks Corporation, United Natural Foods, Inc., Dean Foods Company, Amy's Kitchen, Inc., SpartanNash Company, Hain celestial Group, Inc., Whole Foods Market Inc., The Kroger Co., WhiteWav

The growing environmental concerns over the use of harmful chemicals in agriculture and farming and its ill-effects on consumers' health result in the increase in demand for the organic food and beverages. The surge in prevalence of chronic diseases such as cancer, diabetes, and cardiovascular diseases among the global population, the increase in burden of infectious diseases, increase in healthcare expenditure, and the rise in health-consciousness trend are some of the prominent factors that shift consumers' focus towards the adoption of healthy and quality food and beverages across the globe.

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Organic foods and beverages intake is expected to provide ample advantages over conventional foods. Organic products help to get free from the adverse effects of the inorganic foods and support to lead a healthy life. The global organic food and beverages market is poised to witness significant growth during the forecast period, owing to increase in income levels, rise in awareness regarding advantages of organic products, and improved organic farming techniques. The demand for organic food and beverages is anticipated to quadruple by 2031 as compared to its size in 2020. In addition, due to huge growth potential, the market attracts more number of investors and governments of many countries are coming up with new investment policies to encourage the organic farming, which creates huge growth opportunities for the organic food and beverages market to nurture in the near future. However, factors such as high price of organic products and low shelf life are expected to hinder the organic food and beverages market growth.

The Key Market Players:

WhiteWave Foods Co.,

Hain celestial Group, Inc.,

General Mills Inc.

United Natural Foods, Inc.,

SpartanNash Company,

Amy's Kitchen, Inc.,

Dean Foods Company,

Starbucks Corporation,

The Kroger Co.,

Whole Foods Market Inc.

"The outbreak of the COVID-19 in 2020 significantly boosted the demand for the organic food products across the globe. Health consciousness among the people increased exponentially. As a result, the demand for the clean labelled food products and healthy products increased at a significant rate. As per the Organic Trade Association, the U.S. witnessed an all-time high sales of the organic food in its history in 2020."

According to the organic food and beverages market analysis, the market is segmented based on product type, process, distribution channel, and region. On the basis of product type, the organic food and beverages market is segmented into organic foods and vegetables, organic meat, fish and poultry, organic dairy products, organic frozen and processed foods, organic non-dairy beverages, organic coffee and tea, organic beer and wine, and other organic food and beverages. On the basis of process, the market is segregated into processed and unprocessed. On the basis of distribution channel, the organic food and beverages market is divided into supermarket/hypermarket, specialty stores, convenience stores, online sales channels, and others (food service, groceries, & others). On the basis of region, the global organic food and beverages market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, United Arab Emirates, Saudi Arabia, and rest of LAMEA).

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On the basis of process, the unprocessed segment dominated the organic food and beverages market, garnering 93.0% of the organic food and beverages market share in 2020. Fresh and unprocessed organic food and beverages are beneficial for health. Processed food are carcinogenic and hence the demand for unprocessed organic food products is high.

On the basis of distribution channel, the online sales segment is expected to be the fastest-growing segment during the forecast period. The rapid penetration of the online groceries and online food delivery platforms across the globe coupled with the rise in adoption of smartphones and rise in number of internet users are the major factors that are expected to propel the growth of the online sales channel. The supermarket/hypermarket segment accounted for 35.2% of the market share in 2020 and was the dominating market. This is attributed to the increased penetration of the supermarket and hypermarkets in the developed regions like Europe and North America. It serves as a popular sales channel in the developed market for purchasing groceries and other food items.

On the basis of region, Asia-Pacific is expected to grow at a significant rate during the forecast period. The rise in awareness regarding the health benefits of organic products, rise in disposable income of the consumers, and improving standard of living in the region are the major factors that influence the market growth.

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Key Findings of Study:

Organic coffee and tea segment dominated the global organic food and beverages market Trends in 2020, and is expected to reach $189,881.7 by 2031.

Based on process, the processed segment is noticed to grow at a faster rate during the forecast period.

Supermarket/hypermarket segment accounted for the 35.2% of the total market share in 2020.

Asia-Pacific is projected to witness the highest growth, registering a CAGR of nearly 18.0% during the forecast period.

The U.S. accounted for 41.5% of the market share in the global organic food and beverages market Forecast in 2020.

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