Organic Food Market Poised to Surpass $289 Billion by 2030-Meticulous Research® Unveils Comprehensive Insights

[Redding, California, 14-03-2024]- Meticulous Research®, a premier provider of meticulously crafted market intelligence, has released its latest report titled 'The 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.' The report forecasts that the global organic food market is set to achieve a valuation of $289.4 billion by 2030, exhibiting a robust CAGR of 9.5% during the forecast period.

The growth trajectory of the organic food market is propelled by several key factors, including:

Increasing health-conscious consumer base,Growing demand for clean-label products,Support from government and non-government organizations for organic farming,Lifestyle changes and rising disposable income,Segmentation and Market Dynamics

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The organic food market is comprehensively segmented based on type, distribution channel, process, packaging type, and geography. Notable findings include:

Type: Fruits and vegetables segment projected to register the highest CAGR, driven by health and wellness trends and growing demand for fresh organic products.

Distribution Channel: E-commerce segment expected to witness the highest CAGR, attributed to convenience, greater discounts, and product personalization.

Process: Unprocessed segment to dominate the market, fueled by increasing vegetarian population and consumer preference for minimally processed foods.

Packaging Type: Fresh segment to hold the largest market share, driven by low cost, easy availability, and consumer preference for fresh, unprocessed products.

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Key Players and Market Landscape

The organic food market has witnessed significant product launches, partnerships, agreements, and collaborations. Key players in the market include:

Hain Celestial Group, Inc. (U.S.), General Mills, Inc. (U.S.),United Natural Foods Inc. (U.S.),Nature's Path Foods, Inc. (Canada),Amy's Kitchen, Inc. (U.S.),Organic Valley (U.S.),Whole Food Market Co-op (U.S.),Sunopta Inc. (Canada),Eden Foods, Inc. (U.S.),Newman's Own Foundation (U.S.),Stonyfields Farm, Inc. (U.S.),Danone S.A. (France),Nestle S.A. (Switzerland),Clif Bar & Company (U.S.),The Kroger Co. (U.S.).

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This release was published on openPR.