Organic Food Market Research Report
The GMI Research's latest analysis reveals that the Organic
Food Market is slated to register a higher CAGR over the coming years. This is
mainly attributed to the growing health concerns among individuals, the
emerging trend of standardization of organic food, the increasing awareness
regarding the detrimental effects of pesticide residues in food, and its
influence on individuals' health.
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Organic Food Market’s leading Manufacturers:
·
Danone
·
Hain Celestial Group Inc.
·
EDEKA Handelsgesellschaft Nord GmbH
·
General Mills Inc.
·
SFM, LLC.
·
United Natural Foods INC.
·
Nature’s Path Foods, Inc.
·
Amy’s Kitchen
·
Organic Valley
·
Newman’s Own
Organic Food Market Dynamics (including
market size, share, trends, growth, forecast, and industry analysis)
Key
Drivers
The growing health concerns among individuals, the emerging
trend of standardization of organic food, the increasing awareness regarding
the detrimental effects of pesticide residues in food and its influence on
individuals' health, and rising food scarcity are the key drivers contributing
to the growth of the organic food
market size. According to the organic food market analysis, the strong
presence of synthetic chemicals, including antibiotics and pesticides in plants
and animals, with cause various health risks, will encourage the consumers to
opt for an organic food product. The growing government participation in aiding
consumers to understand the difference between legitimate products and falsely
labeled ones will further propel the growth of the organic food market share in
terms of revenue. On the other hand, the factors hindering the growth of the
market include less shelf life, premium pricing is limiting the acceptance and
restricted options from the product assortments.
Product
Type Segment Drivers
Based on the Product type, the market is segmented into
organic meat, organic fruits and vegetables, poultry and dairy, and organic
processed food. Organic fruits and vegetables is projected to lead the market
over the coming years due to the growing health concerns among consumers. The
rising demand for organic fruits and vegetables that do not contain any
fertilizers and harmful chemicals will boost the growth of the market.
Distribution
Channel Segment Drivers
On the basis of distribution channels, the market is
segmented into supermarkets/hypermarkets, convenience stores, online, specialty
stores, and others. The supermarkets/hypermarkets are expected to increase at a
faster CAGR over the coming years due to the availability of many products with
attractive discounts.
Regional
Drivers
Based on the region, the Asia-Pacific is excepted grow at a
higher CAGR over the coming years due to the growth in health awareness and
drastically changing lifestyle, followed by the rising disposable income and an
upsurge in different products, including meat products, dairy products, and
fruits & vegetable health drinks. Several regulatory authorities take
various initiatives towards setting standards and regulations for the promotion
of organic food products will further support the market growth.
Organic Food Market Segmentation:
Segmentation
by Product Type:
·
Organic Meat, Poultry, and Dairy
·
Organic Fruits and vegetables
·
Organic Processed Food
·
Others
Segmentation
by Distribution Channel:
·
Supermarket/Hypermarket
·
Convenience Store
·
Speciality Stores
·
Online
·
Others
Segmentation
by Region:
·
North America
o
United States of America
o
Canada
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
o
Rest of the world (remaining countries of the
LAMEA region)
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