The organic foods market is poised for unprecedented growth, with projections indicating a remarkable Compound Annual Growth Rate (CAGR) of 12.1% during the forecast period from 2023 to 2033.
The organic foods market is witnessing a paradigm shift, driven by growing consumer awareness about health and environmental concerns. The adoption of organic farming practices, coupled with increasing government support and innovative product launches by leading companies, is fueling the market’s rapid expansion.
Several food & beverage manufacturers innovate food production by adopting organic foods, including bakery products, snacks, infant formulas, and confectioneries. Consumers’ growing popularity of processed, frozen and packed foods is advancing the market share. In May 2022, Cocos Organics announced the new launch of dairy-free yogurt with the addition of Bifidobacterium BB-12.
Consumer demand for organic foods is soaring, fueled by a growing emphasis on healthy lifestyles and sustainable food choices. Rising urbanization, changing consumer preferences, and improving living standards are driving the market’s exponential growth trajectory.
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Several factors contribute to the robust growth of the organic foods market, including increasing consumer consciousness about health, adoption of organic farming practices, and government policies promoting organic agriculture. Additionally, the availability of affordable organic products and innovations in product offerings by top food and beverage companies are accelerating market expansion.
Endorsement of Companies’ Brand Drive the Market Growth
The top companies present innovative products through organic foods that attract consumers’ requirements. In addition, these companies are promoting their product to enhance their brand reputation. Adding several organic foods such as traditional, organic, and vegan, these company vendors upgrade a healthy lifestyle.
Famous personalities are advertising newly launched products to get a maximum engaging audience which is further flourishing the market size. In November 2021, Amara Organic Foods collected a fund of around US$ 12 million to expand its business for infant organic food products.
Key Takeaways:
- The organic foodsmarket is expected to have a valuation of US$ 553.13 billion by 2033.
- With a CAGR of 12.1%, the global market increasing from 2023 to 2033.
- The United Kingdom organic foods marketis anticipated to secure a maximum share through 2033.
- In the historical period, the market secured a CAGR of 11.2% between 2017 and 2022.
- In the historical period, the market captured US$ 172.06 billion between 2017 and 2022.
Business Growth Headlines:
- Organic Foods Market Primed for Exponential Growth: Forecasted to reach US$ 553.13 billion by 2033, the global organic foods market presents unparalleled growth opportunities for investors.
- Consumer Awareness Drives Market Expansion: Increasing consumer consciousness about health and environmental sustainability is fueling demand for organic foods, propelling market growth worldwide.
- Innovative Products Propel Market Dynamics: Leading companies are innovating products across various categories, including snacks, confectioneries, and dairy alternatives, driving market expansion and consumer adoption.
- Strategic Investments Key to Market Success: Investors in the B2B industry can capitalize on the growing organic foods market by strategically investing in companies that offer innovative and sustainable organic products.
Who is Winning?
The presence of prominent vendors around the globe fragments the market. These vendors invest a massive amount in research & development activities to innovate various innovative products through their marketing knowledge and unique ideas. In addition, key players are focusing on consumers’ requirements and developing the products accordingly to attract them.
Several marketing tactics and advanced technologies are adopted to acquire maximum output and upsurge the market to another height. These marketing methodologies include mergers, acquisitions, partnerships, agreements, and collaborations.
- Other Prominent Players in the Market:
- Eden Foods Inc
- General Mills Inc
- Organic Valley
- Danone S.A.
- Amy’s Kitchen Inc
- Hain Celestial Group Inc
- SunOpta Inc
- Arla Foods Amba
- Dole Plc
- Organic India Pvt Ltd
Recent Developments in the Organic Foods Market are:
- In June 2020, Sprout Organic Inc signed a partnership with Amazon to provide a plant-based formula for infants in Australia.
- In May 2020, Barry Callebaut announced its new dairy-free organic chocolate to expand its business in North America.
- In April 2022, Nestle S.A. announced new plant-based products for babies, which are available on Amazon.
- In May 2022, Organic India launched organic tea products such as Tulsi Detox Khawa, Moringa Hibiscus, and Peppermint Refresh.
- In January 2021, L.T. Food Limited announced its acquisition with a 30% of stake in Leev. Nu. Company. The company promotes organic-label food products in the Netherlands.
More Insights into Organic Foods Market
In its latest report, FMI offers an unbiased analysis of the global organic food market, providing historical data from 2017 to 2022 and forecast statistics for 2023 to 2033. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of category, product type, distribution channel, and region.
According to the same reports, based on segmentation, the supermarket/ hypermarket distribution channel will contribute substantially to the overall market growth. This segment will account for a sizeable portion of the market share due to the availability of a large variety of products.
Based on region, the organic food market in the US will likely demonstrate strong growth and account for a large portion of the overall market share. The target market in this region is shaped by growing health consciousness, heightened focus on eating healthy, and rising demand for clean-label products. Rising organic farming also promotes the organic food market growth in the US. Additionally, the U.K, and India will also make considerable contributions to the global growth of the organic foods market.
Organic Foods Market by Category
By Category:
- Dairy
- Frozen & Processed Foods
- Fruits & Vegetables
- Cereals & Grains
- Meat
- Fish & Poultry
- Others
By Product Type:
- Unprocessed
- Processed
By Distribution Channel:
- Online Retail Stores
- Supermarkets/Hypermarkets
- Convenient Stores
- Specialty Stores
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa (MEA)
