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Environmental Friendly And Sustainable Food Market Growth, Demand, Key Drivers, Forecast To 2033
"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Environmental Friendly And Sustainable Food Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $161.7 billion In 2028 At A CAGR Of 6.8% :
The environmental friendly and sustainable food market size has grown strongly in recent years. It will grow from $115.9 billion in 2023 to $124.17 billion in 2024 at a compound annual growth rate (CAGR) of 7.1% The growth in the historic period can be attributed to demand for organic produce, climate change awareness, increasing eco-friendly farming practices, food sovereignty movements, environmental concerns.
The environmental friendly and sustainable food market size is expected to see strong growth in the next few years. It will grow to $161.7 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing consumer awareness and education, increasing consumer preference for healthier and ethical food choices, increasing focus on health and wellness among consumers, increasing consumer demand for ethically sourced food products. Major trends in the forecast period include certification standards, expansion of regenerative agriculture, expansion of food waste reduction technologies, expansion of food cooperatives and collective purchasing initiatives, development in production line.
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Environmental Friendly And Sustainable Food Market Major Segments
The environmental friendly and sustainable food market covered in this report is segmented -
1) By Product Type: Organic Food, Plant-Based Or Alternative Proteins, Sustainable Seafood, Other Products
2) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Stores, Online Retailers, Foodservice Providers, Other Channels
3) By Application: 16-34 Years Old, 35-54 Years Old, Over 55 Years Old
Key Driver - Consumer Demand For Organic Produce Fuels The Environmental Friendly And Sustainable Food Market
The demand for organic produce is expected to propel the growth of the environmentally friendly and sustainable food market going forward. The demand for organic produce is increasing due to growing awareness among consumers about the health and environmental benefits of organic products. Organic produce is environmentally friendly and sustainable as it is produced in a way that minimizes negative impacts on the environment, promotes ecological balance, and supports long-term agricultural sustainability. For instance, in 2023 according to the Organic Trade Association, a US-based membership-based business association, organic food sales in the United States reached a record $56.4 billion in 2021, marking a 12.4% increase from the previous year. Therefore, the demand for organic produce is driving the growth of the environmentally friendly and sustainable food market.
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Prominent Trend - Innovative Technologies Transforming The Sustainable Food Market A Focus On Instant Controlled Pressure Drop
Major companies operating in the environmentally friendly and sustainable food market are focusing on innovative technologies, such as cellular agriculture techniques to meet consumer expectations. Cellular agriculture techniques involve growing animal cells in a controlled environment outside of an animal's body. For instance, in April 2022, Air Protein, a US-based startup, developed a meat alternative called air meat, which is made using microbes that turn recycled carbon dioxide into protein. This innovative approach to meat production is carbon-negative, as it utilizes carbon dioxide to make the protein and aims to eventually pull carbon dioxide from the atmosphere through direct-air capture plants. Air Meat is designed to replicate the flavor and texture of real meat products such as steak, chicken, pork, and seafood. This technology aligns with the environmentally friendly and sustainable food market, as it offers a sustainable and environmentally friendly protein source, contributing to mitigating the climate impact of agriculture.
Environmental Friendly And Sustainable Food Market Players
Major companies operating in the environmental friendly and sustainable food market are WhiteWave Foods Company, Amy's Kitchen, Earthbound Farm, Ben & Jerry's Homemade Holdings Inc., Beyond Meat Inc., Organic Valley Cooperative, Clif Bar & Company, Nature's Path Foods, Impossible Foods Inc., Patagonia Provisions, Nutiva, Eden Foods Inc., Applegate Farms LLC, Annie's Homegrown, Lundberg Family Farms, Stonyfield Organic, Dr. Bronner's, Honest Tea, Newman's Own Inc., Sir Kensington's, Alter Eco, Kashi Company, Cascadian Farm Organic, Simply Organic, Organic Gemini
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Largest And Fastest Growing Region In The Market
North America was the largest region in the environmental friendly and sustainable food market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the environmental friendly and sustainable food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Environmental Friendly And Sustainable Food Market Report Structure
3. Environmental Friendly And Sustainable Food Market Trends And Strategies
4. Environmental Friendly And Sustainable Food Market - Macro Economic Scenario
5. Environmental Friendly And Sustainable Food Market Size And Growth
…..
27. Environmental Friendly And Sustainable Food Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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