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Redding, California - July 9, 2024

Organic Food Market to Reach $324.1 Billion by 2031

Organic Food Market Size, Share, Forecast, & Trends Analysis by Type (Fruits, Vegetable, Grains, Beverage, Bakery), Distribution Channel (Supermarket, E-commerce), Process (Un-processed, processed), Packaging Type (Fresh, Frozen) - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled, ‘Organic Food Market Size, Share, Forecast, & Trends Analysis by Type (Fruits, Vegetable, Grains, Beverage, Bakery), Distribution Channel (Supermarket, E-commerce), Process (Un-processed, processed), Packaging Type (Fresh, Frozen) - Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, the organic food market is projected to reach $324.1 billion by 2031, at a CAGR of 10.1% from 2024 to 2031. The growth of the market is mainly attributed to growing health-conscious consumers, increasing demand for clean-label products, and government and non-government organization support for organic farming. Furthermore, changes in lifestyle and growing disposable income are expected to create market growth opportunities. However, the high price of organic products is expected to hinder the growth of this market to some extent.

The organic food market is segmented by type of fruits and vegetables (fruits {citrus, temperate fruits, tropical & subtropical fruits, and other fruits} and vegetables {leafy vegetables, tomato, other vegetables}), dairy (milk, butter, cheese, yogurt, and milk powder), grains (wheat, maize, rice, oats, and others), beverages (tea & coffee, non-dairy, alcoholic beverages, and others), condiments, bakery, snacks, and other organic foods), distribution channel (supermarkets & hypermarkets, convenience stores, specialty stores, e-commerce, and other distribution channels), process (unprocessed, processed, and ultra-processed), packaging type (fresh, frozen, canned, and dried), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at regional and country levels.

Among all the types studied in this report, the fruits and vegetables segment is expected to account for the largest share of 27.7% of the organic food market in 2024. The large market share of this segment is attributed to the rising health and wellness trends and rising demand for organic fruits and vegetables. Additionally, the increase in consumer awareness about healthy diets, changing lifestyles & food habits, and government initiatives promoting organic cultivation of fruits & vegetables are further expected to support the growth of the organic fruits and vegetables market during the forecast period.

Among all the distribution channels studied in this report, the e-commerce segment is slated to register the highest CAGR of 15.3% during the forecast period. The rapid growth of this segment is attributed to the convenience offered by e-commerce, the availability of greater discounts compared to offline stores, the growing preference for personalization, and a greater product selection experience.

Among all the process categories studied in this report, the unprocessed segment is expected to account for the largest share of the organic food market in 2024. The large market share of this segment is attributed to factors such as the increasing vegetarian population, growing demand for organic products with minimal processing, and consumer concern regarding additives in processed food.

Among all the packaging types studied in this report, the frozen segment is slated to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to the increasing demand for convenience food, the growing global cold chain, increasing availability, and rising demand from hotels, restaurants, QSRs, and the food service sector.

Among all the regions studied in this report, in 2024, North America is expected to account for the largest share of 48.1% of the organic food market. The organic food market in North America is expected to reach $79.3 billion in 2024. The large market share of this region is attributed to the presence of a large number of key players, the easy availability of organic foods, growing health & wellness and clean label trends, a well-established food sector, higher adoption of technological advancements in the food & beverage industry, and significant investments in the organic food sector.

Key Players

The organic food market is characterized by a moderately competitive scenario due to many large and small-sized global, regional, and local players. The key players operating in the organic food market are 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.), and The Kroger Co. (U.S.).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5122

Key Questions Answered in the Report:

What is the current value of revenue generated by the organic food market?
At what rate is the global organic food demand projected to grow for the next 5–7 years?
What are the historical market sizes and growth rates of the organic food market?
What are the major factors impacting the growth of this market at the global and regional levels? What are the major opportunities for existing players and new entrants in the market?
Which segments in terms of type, distribution channel, process, and packaging type category create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the organic food market?
Who are the major players in the organic food market? What are their specific product offerings in this market?
What are the recent strategic developments in the organic food market? What are the impacts of these strategic developments on the market?

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Redding, California - July 9, 2024

Organic Food Market to Reach $324.1 Billion by 2031

Organic Food Market Size, Share, Forecast, & Trends Analysis by Type (Fruits, Vegetable, Grains, Beverage, Bakery), Distribution Channel (Supermarket, E-commerce), Process (Un-processed, processed), Packaging Type (Fresh, Frozen) - Global Forecast to 2031

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