PUBLISHER: Meticulous Research | PRODUCT CODE: 1576526
PUBLISHER: Meticulous Research | PRODUCT CODE: 1576526
Organic Foods Market Size, Share, Forecast, & Trends Analysis by Type (Fruits, Vegetable, Grains, Beverage, Bakery), Distribution Channel (Supermarket, E-commerce), Process (Unprocessed, Processed), Packaging Type (Fresh, Frozen)-Global Forecast to 2031
According to the research report titled, 'Organic Foods Market Size, Share, Forecast, & Trends Analysis by Type (Fruits, Vegetable, Grains, Beverage, Bakery), Distribution Channel (Supermarket, E-commerce), Process (Unprocessed, processed), Packaging Type (Fresh, Frozen)-Global Forecast to 2031,' the organic foods market is projected to reach $324.1 billion by 2031, at a CAGR of 10.1% during the forecast period 2024-2031. The report provides an in-depth analysis of the global organic foods market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2031.
Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and trends. The growth of this market is driven by the growing number of health-conscious consumers, increasing demand for clean-label products, and rising support from government and non-government organizations for organic farming. However, the expensive nature of organic products may restrain the market's growth. Moreover, changing lifestyles and increasing disposable income are expected to create growth opportunities for the stakeholders in this market. However, a stringent regulatory environment may pose a major challenge in the organic foods market.
The key players operating in the global organic foods 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.).
Based on type, the organic foods market is segmented into fruits & vegetables, dairy, grains, beverages, condiments, bakery, snacks, and other types. In 2024, the fruits & vegetables segment is expected to account for the largest share of 27.7% of the organic foods market. The large market share of this segment is attributed to the increasing health and wellness trends and growing demand for organic fruits & vegetables. In addition, the rise in consumer awareness about healthy foods, changing lifestyles and food consumption patterns, and increasing government support to promote organic cultivation of fruits and vegetables further support the growth of the organic fruits & vegetables market during the forecast period.
Based on distribution channel, the organic foods market is segmented into supermarkets & hypermarkets, convenience stores, specialty stores, e-commerce, and other distribution channels. The e-commerce segment is projected to record the highest growth rate of 15.3% during the forecast period 2024-2031. This growth is attributed to the ease of shopping offered by e-commerce, the availability of greater discounts compared to physical stores, the increasing preference for personalization, and a greater product selection experience.
Based on the process category, the organic foods market is segmented into unprocessed, processed, and ultra-processed. In 2024, the unprocessed segment is expected to account for the largest share of the organic foods market due to the increasing demand for organic products with minimal processing and consumer concern regarding additives in processed food products.
Based on packaging type, the organic foods market is segmented into fresh, frozen, canned, and dried. In 2024, the frozen segment is projected to record the highest growth rate during the forecast period 2024-2031. The high growth of this segment is due to the growing demand for convenience foods, advancements in freezing technology to improve the quality and taste of organic foods, the rising global cold-chain sector, and increasing demand from hotels, restaurants, and catering (HoReCa), and the food service sector. Additionally, the consumers' busy lifestyles are further expected to drive the growth of frozen organic foods during the forecast period, as they provide a quick and easy meal choice without compromising quality or nutritional value.
Based on geography, the organic foods market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of 48.1% of the organic foods market. The organic foods market in North America is expected to reach $79.3 billion in 2024. North America's significant market share is mainly attributed to the presence of established key players, the easy availability of organic foods, increasing health & wellness and clean label trends, a well-established food industry, higher adoption of technological advancements in the food & beverage sector, and major investments in the organic food sector.
Organic Foods Market Assessment-by Type
Organic Foods Market Assessment-by Distribution Channel
Organic Foods Market Assessment-by Process
Organic Foods Market Assessment-by Packaging Type
Organic Foods Market Assessment-by Geography
6 .Organic Food Market Assessment-by Distribution Channel