PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1558346
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1558346
According to Stratistics MRC, the Global Organic Farming Market is accounted for $214.7 billion in 2024 and is expected to reach $433.0 billion by 2030 growing at a CAGR of 12.4% during the forecast period. Using natural materials and techniques, organic farming is an agricultural system that prioritizes ecological balance and sustainability. It is described as an approach to production that relies more on biological pest management obtained from plant and animal waste and organic fertilizers rather than synthetic pesticides, fertilizers, genetically modified organisms (GMOs), and other artificial inputs. The objective is to establish a self-sufficient and sustainable agricultural system that minimizes its negative effects on the environment and supports the wellbeing of the food supply and its consumers.
According to India Brand Equity Foundation, India recorded the highest-ever horticulture production in 2020-21 which accounted for 331 million tons. India is currently the world's second-largest horticulture producer and fifth-largest country in terms of organic agricultural area.
Raising consumer acquaintance on diet and health
Customers are looking for food alternatives they believe to be safer and healthier as they grow more health conscious. According to studies, a growing number of customers believe that foods that are organic have more nutrients and less dangerous chemicals, which is driving up demand for organic goods. For example, a research found that customers who are concerned about their health are more inclined to buy organic goods because they believe that organic agricultural practices, which employ fewer pesticides and natural production methods, provide health advantages.
Reduced output in comparison to traditional farming
Meeting the increasing demand for food is a difficulty due to the reduced yield of organic farming. Organic farming's poorer land-use efficiency would become an issue if it were to grow considerably since more land would be needed to produce the same amount of food as conventional farming. This may restrict organic farming's potential to improve global food security and impede market expansion.
Policies for agriculture that support organic farming
The economic sustainability of organic agriculture is increased by government initiatives that assist organic farming, such as grants, subsidies, and advantageous legislation. More farmers are encouraged to switch to organic farming methods thanks to this support, which raises the availability of organic goods. Customers are more inclined to buy organic foods when they are guaranteed the integrity of the items by certification procedures and regulatory frameworks. This boosted self-assurance may result in more organic product sales and market penetration.
Restricted accessibility and availability
The scarcity of organic food has a detrimental effect on consumer behavior. Customers who have experienced dissatisfying outcomes as a result of the limited availability of organic items may grow wary of buying organic food in the future. Studies have indicated that the experience of a purchase has a substantial impact on the propensity to purchase, and customers may become less likely to seek out organic solutions due to frustration with restricted availability.
The COVID-19 epidemic had a beneficial effect on the organic agricultural industry since people were looking for more nutrient-dense, chemical-free meals to maintain their health. The demand for organic products increased as a result of this transition, pushing governments to expedite green laws that support sustainable agriculture. The epidemic also encouraged an increase in the import and export of organic goods, which helped to strengthen the industry.
The pure organic farming segment is expected to be the largest during the forecast period
The pure organic farming is expected to be the largest during the forecast period as it reduces chemical use by avoiding synthetic fertilizers and pesticides, promoting healthier ecosystems and biodiversity. It also enhances soil health through natural methods like composting and crop rotation, improving water retention and reducing erosion, thus benefiting long-term agricultural productivity.
The polyculture segment is expected to have the highest CAGR during the forecast period
The polyculture segment is expected to have the highest CAGR during the forecast period because improves soil health by incorporating diverse crops with varying rooting depths and nutrient needs. Deep-rooted companion crops like legumes aid cereals in accessing nutrients. Polycultures also encourage beneficial soil microorganisms and earthworms, enhancing soil health. They reduce pest and disease pressure by making it harder for diseases to spread and suppressing weeds due to increased competition for resources.
North America s expected to dominate the organic market due to rising awareness of sustainability, nutrition, and health. For items that are healthier and more ecologically friendly, consumers are ready to spend extra. The market for organic farming is large and expanding in the United States and Canada, with both imports and local production making sizable contributions. One of the biggest marketplaces for organic goods worldwide is the United States.
Asia Pacific is projected to witness the highest CAGR over the forecast period as it is one of the fastest-growing regions due to rising consumer demand and increased investment in organic farming, Asia Pacific is predicted to have the highest CAGR throughout the projection period. APAC nations each have their own organic certification agencies and requirements. Countries in the area are implementing laws and subsidies to encourage organic farming; India has the National Program for Organic Production (NPOP), China has the China Organic Food Certification (COFCC).
Key players in the market
Some of the key players in Organic Farming market include Solvay SA, Vero-Bio, The Indian Organic Farmers Producer Company Limited, Picks Organic Farm, Nalco Holding Company, Eden Foods, Inc, Corteva, Inc., Bunge Limited, Bayer AG, BASF SE, Akzo Nobel N.V., Aero Farm Systems, ZUWA Organic Farms Pvt Ltd, Mcleod Russel India Ltd. and Camson Bio Technologies Limited
In September 2024, Bayer presented new analyses from the pivotal trials PULSAR and PHOTON featuring Eylea(TM) 8 mg (aflibercept 8 mg) at the Annual Meeting of the European Society of Retina Specialists, in Barcelona, Spain.
In July 2024, BASF launches game-changing heat and light stabilizer Tinuvin(R) NOR(R) 211 AR for sustainable farming practices. Tinuvin NOR 211 AR appears as an option to extend the useful life of agricultural plastics, promoting sustainability and efficiency.
In June 2024, Bayer announced that the Center for Drug Evaluation (CDE) of the National Medical Products Administration (NMPA) in China has granted Breakthrough Therapy designation for BAY 2927088, a potential new targeted therapy for adult patients
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.