USD 188.35 billion
Report ID: SQSG30C2005 | Region: Global | Published Date: April, 2023 | Pages: 165 | Tables: 102 | Figures: 76
Global Organic Food And Beverages Market size was valued at USD 188.35 billion in 2021 and is poised to grow from USD 208.18 billion in 2022 to USD 564.22 billion by 2030, growing at a CAGR of 13% in the forecast period (2023-2030).
From the last few years, the global market is witnessing a strong growth in the popularity of organic food and beverages thanks to growing environmental concerns regarding the use of harmful chemical chemicals in agricultural produce and their negative impacts on the consumers’ health. This is further supported by increasing prevalence of various chronic diseases such as cancer, diabetes, and cardiovascular illnesses, rising burden of infectious diseases, growing healthcare expenditure, and increasing awareness among consumers. As a result, the global organic food and beverage market has started witnessing strong growth coming from the consumer that are aware of what they consume and their impact on health. This led them to check for proper certification by government organizations for the used ingredients and sources they derived from. As per our findings, organic tea and coffee is accounting for 22.5% of the total market share.
Covid Impact on the Organic Food and Beverage Market
The COVID-19 pandemic has substantially boosted the growth of organic food and beverages market. According to the Organic Trade Association, the US witnessed an all-time high sale of organic food and non-food items in 2020–2021. The organic sales in the US were recorded at USD 61,900 million in 2020–2021. Organic food witnessed an increase of 13% and the revenue from sales reached USD 56,500 million in 2020–2021. This is supported by growth in health-fitness trend and the rise in the attention of consumers in the direction of healthy meal consumption during the pandemic to improve their immunity response and gut health.
US Organic Food And Beverages Market is poised to grow at a sustainable CAGR for the next forcast year.
Global Market Size
USD 188.35 billion
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The global organic food and beverages market are segmented based on product type, processing, distribution channel, and region. Based on product type, it Organic Food And Beverages Market categorized into organic foods and vegetables, organic meat, fish and poultry, organic dairy products, organic frozen, and processed foods, organic non-dairy beverages, organic coffee and tea, organic beer and wine. Based on processing, Organic Food And Beverages Market is categorized into processed, frozen, and unprocessed. Based on distribution channel, Organic Food And Beverages Market is categorized into supermarket, hypermarket, specialty stores, convenience stores, online stores. Based on region, Organic Food And Beverages Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Organic Food And Beverages Market Analysis by Product Type
Fruits and vegetables emerged as the leading segment in the global organic food and beverages market, accounting for 40% of organic food revenue in 2021. The organic vegetable trend began in industrialized regions such as North America and Europe and has now spread to rising economies such as India and China. Organic foods are more popular in the US, UK, Germany, France, Canada, Italy, among others. Nonetheless, consumption of organic meat, fish, and poultry products is expected to grow at the fastest CAGR of 14.9% by 2030. This is further supported by growing concerns about artificial preservatives and chemicals.
According to the National Bauru of Statics of China, per capita intake of natural fruits and greens was predicted to be 105.4 kilograms. Whereas, reports from the Agricultural and Processed Food Products Export Development Authority (APEDA) suggested, in India, manufacturing of fruits and vegetables stood at 99.07 million metric tons and 191.77 million metric tons respectively. This shows the growing trend of organic food consumption in across global organic food and beverages market.
Organic Food And Beverages Market Analysis by Processing
Processing techniques for organic food and beverages are segmented into processed, unprocessed food, and frozen food. The unprocessed food/raw food is dominating the global organic food and beverages market by holing more than 93% of the total organic food and beverages market. Raw or unprocessed organic food is beneficial for health as they hold all the vital nutrients and vitamins that otherwise would have been lost in the process of processing and packing. On the other hand, consumers are increasingly switching from processed food as they are known to have some carcinogenic compounds. This is projected to help the unprocessed segment in the global organic food and beverage market to grow to grow at a 16.6% CAGR during the forecast period
Organic Food And Beverages Market Analysis by Distribution Channel
E-commerce, departmental stores, specialty store, supermarkets/hypermarkets, and others are constituents of distribution channels for organic food and beverages market. Wherein, the supermarkets/hypermarkets are contributing the highest to the market revenue due to higher availability of the supermarkets and hypermarkets in the developed regions that primarily includes Europe and North America. It serves as a popular sales channel in the marketplace for getting groceries and different food items.
With the development in technology and advancement in the distribution channel, online stores or e-commerce is growing at a healthy CAGR.
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Asia-Pacific organic food and beverage market is projected to grow at the fastest CAGR of 16.4% in the years to come. The region is quickly becoming the hub for the organic food and beverage market. This is due to a number of reasons, including increasing consumer awareness of the health benefits of organic foods, changing dietary trends, and increased economic opportunities in this region. Asian countries have been leading the way in adopting organic food policies, and this trend is likely to continue. In fact, China and India have also started witnessing strong demand and production of organic food and beverages.
On the other hand, North America organic food and beverages market is estimated to grow at a CAGR of 13.1% until 2028 due to high awareness about chemical-free food, high prevalence of various chronic diseases like cancer, and presence of a large number of leading Supermarkets/Hypersmart chains such as Costco, Walmart, and plenty of others.
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Organic Food And Beverages Market Driver
Organic Food And Beverages Market Restraint
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The global organic food and beverage market is fairly concentrated, with a few big and medium-sized participants accounting for a large portion of the organic food and beverages market revenue. Most of the major players are implementing numerous tactics, including mergers and acquisitions, strategic agreements and contracts, and the development and testing of organic food and beverage platforms.
Organic Food And Beverages Market Top Players Company Profiles
Organic Food And Beverages Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research. We have identified the key dominating segments of the organic food and beverages market by offerings and verticals.
According to our market analysis, Organic food and beverages are becoming increasingly popular, not only due to their environmental benefits, but also because of the health benefits they offer. Increasing awareness about these benefits among consumers is playing a role in driving the market growth. Governments around the world are also recognizing the importance of organic food and beverages, and are investing in programs that promote the use of these products. This is helping to increase consumer demand for organic food and beverages.
|Market size value in 2021||USD 188.35 billion|
|Market size value in 2030||USD 208.18 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Organic Food And Beverages Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Organic Food And Beverages Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Product ID: SQSG30C2005