Organic Food Market 2024 - Size, Trends, Opportunities, and Forecast to 2033

The organic food market size has grown rapidly in recent years. It will grow from $244.82 billion in 2023 to $279.19 billion in 2024 at a compound annual growth rate (CAGR) of 14.0%. The growth in the historic period can be attributed to rising awareness of the benefits of organic products, increasing cases of food poisoning, strong economic growth in emerging markets, influence of digital media marketing and social media and covid-19.

The organic food market size is expected to see rapid growth in the next few years. It will grow to $489.75 billion in 2028 at a compound annual growth rate (CAGR) of 15.1%. The growth in the forecast period can be attributed to growing number of health-conscious consumers, demographic shifts in emerging markets, rising penetration of organized retail and growth in specialist organic food retailers in developed economies. Major trends in the forecast period include focusing on improving labelling and packaging, exploring opportunities to invest in new product launches, leveraging artificial intelligence (ai) for organic farming, developing zero-calorie soft drinks, focusing on expanding product portfolio and focusing on upcycled food.

Market Overview -
The organic food market consists of sales of organic food and beverages and related services. The production of organic food involves practises that promote ecological balance and aim to conserve biodiversity. These food products do not use any food additives or industrial solvents.

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Protecting Health Rising Chemical Poisoning Concerns Drive Growth In The Organic Food Market
Increasing health concerns due to growing number of chemical poisoning cases globally is acting as a driver in the organic food market. Consumers are becoming more health-conscious owing to the harmful effects caused by the presence of chemical pesticides in food products. The toxicity of chemical pesticides in food products can cause cancer, hormone disruption, and birth defects. According to a UN report, around 200,000 people die every year due to the toxic effects of pesticides on food products. This is causing consumers to shift their focus towards organic food products.

Competitive Landscape -
Major companies operating in the organic food market report are Danone S.A, The Kroger Co, General Mills Inc, The Hain Celestial Group Inc, Organic Valley, United Natural Foods, Inc., Dole Food Company, Amy's Kitchen, Inc., Riverford, Conagra Brands, Inc., Ambrosia Organic Farm Pvt Ltd., Aryavarta Organics Pvt. Ltd. , Bansi Gir Gauveda, Geo-Fresh Organic, Nature Bio Foods Ltd. , Nature Pearls Private Limited., Inner Mongolia Yili Industrial Group, Abbott Nutrition International, Bellamy's Organic Food Trading (Shanghai) Co. Ltd., Beijing Huiyuan Food and Beverage Co. Ltd., Parkers Organic Juices, Pepsi Lipton International, Sresta Natural Bioproducts Pvt. Ltd, 24 Mantra Organic, Ausnutria Dairy (China) Company Ltd., Hangzhou Wahaha Group Co, Unilever, TheFoodMarket Refresco Beverages UK Ltd, James White Drinks Ltd., Farmdrop, Better Nature, Dash Water, Piccolo, Little Tummy, GrowUp Urban Farms, farmhopping, Olly's Olives, Nutrition & Sante Iberia, S.L. Alnatura Produktions & Handels GmbH, Yeo Valley Organic, Anheuser-Busch InBev, Royal Forest Company, Grass LLC, Individual Entrepreneur (Ie) Maslov D.V., Nuttys LLC, Foodimport LLC, Siberian Ecological Products LLC, Chechenskiye Mineralniye Vody LLC, Barinoff drinks, Austria Juice, Laurul SA, Whole Foods, Impossible Foods, Daiya Foods, Gardein, Ripple Foods, SmartSweets, Fody Food, Sustainable Produce Urban Delivery, Mother Raw, Lufa Farms, Coca Cola, PepsiCo, Honest Tea, Suja Life, Keurig Dr Pepper, Uncle Matt's Organic Inc., GURU, Bec Soda Inc, Las Brisas SA, Maoar SRL, Be Ingredient, BRAVO Açaí, Fhom, Floresta em pé, Glúten Free, Goola Açaí, Siha & Afia International FZCO, Organic Foods & Café, Arla Foods, Rockstar, Arizona Beverages Company, GoOrganic ME, Kauai, Ooka, Sunspray Food Ingredients, De Villiers Chocolate, NWK, Natural Herbs and Spices, Umgibe Farming Organics, Malewa, The Woodstock Exchange Growafricaare

Ensuring Quality And Transparency Regulatory Oversight In The Organic Food Market
The organic food market is regulated by authorities such as the US Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA) to ensure a high-quality standard of food products is maintained. For instance, EFSA oversees whether labelling is used to mislead consumer on the nutritive proportions of a product in the EU. EFSA performs occasional checks on the nutritional value to check whether correct labelling has been used or not. In order to maintain transparency and effectiveness, regulatory authorities have come up with strict food labelling regulations for the organic food market.

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Key Segments -
The organic food market covered in this report is segmented -
1) By Product Type: Organic Meat, Poultry & Dairy, Organic Fruits & Vegetables, Organic Bread & Bakery, Organic Beverages, Organic Processed Food, Other Organic Products
2) By Application: Conventional Retailers, Natural Sales Channels, Other Applications
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Store, Specialty Stores, Online Stores

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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