PUBLISHER: The Business Research Company | PRODUCT CODE: 1387960
PUBLISHER: The Business Research Company | PRODUCT CODE: 1387960
“Organic Farming Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on organic farming market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for organic farming? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The organic farming market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Organic farming is a method of agriculture that abstains from or restricts the use of synthetic compounds and additives.
The primary categories of organic farming encompass pure organic farming and integrated organic farming. Integrated organic farming is characterized by its zero-waste, cyclical approach, where waste products from one facet of the operation are recycled into nutrients for other aspects of the farming process. Various techniques involved in organic farming include promoting crop diversity, managing soil health, implementing weed control strategies, and managing other organisms in an environmentally friendly manner.
The organic farming market research report is one of a series of new reports from The Business Research Company that provides organic farming market statistics, including organic farming industry global market size, regional shares, competitors with an organic farming market share, detailed organic farming market segments, market trends and opportunities, and any further data you may need to thrive in the organic farming industry. This organic farming market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The organic farming market size has grown rapidly in recent years. It will grow from $187.84 billion in 2023 to $208.66 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth observed during the historical period can be attributed to factors such as increasing consumer awareness, evolving health and wellness trends, government support, and heightened demand from retailers.
The organic farming market size is expected to see rapid growth in the next few years. It will grow to $321.79 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The anticipated growth in the forecast period can be attributed to a variety of factors, including concerns about climate change, shifting consumer preferences, and improvements in supply chain and distribution. Significant trends expected in this forecast period encompass increased research and innovation, technological advancements, the expansion of organic acreage and organic livestock and animal products, the rise of urban agriculture and vertical farming, the growth of organic processed foods, the adoption of sustainable packaging, and an increased focus on organic certification and traceability.
The organic farming market is anticipated to witness growth driven by its environmental benefits. Organic farming, characterized by the absence of synthetic fertilizers and pesticides that can contaminate soil and groundwater, offers ecological advantages. It also involves lower usage of non-renewable resources required for manufacturing artificial fertilizers. Organic farming contributes to soil biodiversity preservation. A study by Columbia Climate School revealed that organic farming fosters 30% more biodiversity, consumes 45% less energy, and emits 40% less carbon compared to conventional farming. Furthermore, the use of organic products has positive effects on the health of growers, workers, their families, and consumers as they are less exposed to harmful chemicals. Consequently, the demand for organic food produced through organic farming practices is on the rise, thereby propelling the growth of the organic farming market.
The growth of organic agricultural practices is expected to drive the organic farming market forward. Organic agricultural practices involve employing natural processes and materials to support soil, crop, and livestock nutrition, pest and weed control, and the preservation of biological diversity. Techniques like crop rotations, inter-cropping, cover crops, and the use of organic fertilizers contribute to soil fertility and structure, reduce erosion, and enhance biodiversity. In 2022, the Organic Trade Association reported significant growth in organic sales in the US as consumers gravitated towards healthier choices. The stability in buying patterns resulted in over $63 billion in organic sales, reflecting $1.4 billion in growth compared to the previous year. Thus, the expansion of organic agricultural practices is expected to boost the organic farming market.
Governments worldwide are promoting organic farming through various schemes due to the health and environmental benefits associated with organic products. For example, the government of India promotes organic farming through schemes like Paramparagat Krishi Vikas Yojana (PKVY) and Mission Organic Value Chain Development for the North Eastern Region (MOVCDNER). Other schemes include Rashtriya Krishi Vikas Yojana (RKVY), Integrated Development of Horticulture (MIDH), and the Network Project for Organic Farming. Similar initiatives launched globally are expected to create opportunities for the organic farming market's growth.
Innovation in organic plant-based milk, such as the introduction of the Mooala Simple line, is a strategy employed by major companies to gain a competitive edge in the organic farming market. The Mooala Simple line is the first-ever three-ingredient organic, plant-based milk, offering organic almond and oat milk. These products feature clean labels, shelf-stable characteristics, and are vegan-friendly. For instance, Mooala Brands, LLC launched the Mooala Simple line in September 2023, emphasizing its three-ingredient composition, comprising filtered water, organic oats or almonds, and sea salt.
The organic farming market may face hindrances due to lower productivity compared to conventional farming. USDA research indicates significantly lower yields in organic farming. Conventional farming is often favored to ensure food security because organic farming's lower yields may not meet the needs of the growing population. This discrepancy poses a challenge in aligning with the Food and Agriculture Organization's (FAO) definition of food security.
In August 2022, The Organic Trade Association initiated a collaboration with Sustainable Food Lab to increase the domestic supply of organic grain by more than 100 acres in the US. This collaboration aimed to enhance the resilience of the organic grain industry by augmenting American organic grain farmers' output, income, and market access. Sustainable Food Lab is an organization focused on promoting sustainability across the food supply chain, from production and distribution to retail sales.
Major companies operating in the organic farming market include Dow Chemical Company, BASF SE, Solvay SA, AkzoNobel N.V, Nalco Holding Company, Bayer AG, Sun and Swell Foods, CocoaX's Organic Cocoa & Coffee, Organic Valley, Sakara Life, California Certified Organic Farmers, Rodale Institute, White Oak Pastures, Stonyfield Farm, Nature's Path Foods, Dr. Bronner's, Applegate Farms, Earthbound Farm, Clif Bar & Company, Amy's Kitchen, Lundberg Family Farms, Eden Foods, Annie's Homegrown, Cascadian Farm, Honest Tea, Naked Juice, RW Knudsen, Santa Cruz Organic, Nature's Best Organic Feeds, Organic Gemini
The Asia-Pacific was the largest region in the organic farming market in 2023. Western Europe was the second largest region in the organic farming market. The regions covered in the organic farming market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the organic farming market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The organic farming market consists of revenues earned by entities that produce them in organic ways. It is an alternative form of farming for crops and livestock's produce which does not use pesticides, artificial fertilizers, genetically modified organisms and antibiotics to increase the production. This has many benefits to the environment and the individuals using these yields. Organic farming includes organic grain farming, organic oilseed farming, organic fruit and nut farming, and organic vegetable farming. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.