Product ID: SQSG30C2005
Global Organic Food And Beverages Market Size, Share, Growth Analysis, By Product Types(Organic Foods, Vegetables), By Processing(Processed, Unprocessed), By Distribution Channel(Supermarket, Hypermarket) - Industry Forecast 2024-2031
Report ID:
SQSG30C2005 |
Region:
Global |
Published Date: February, 2024
Pages:
230
|
Tables:
102 |
Figures:
76
Global Organic Food And Beverages Market Insights
Global Organic Food And Beverages Market size was valued at USD 188.35 billion in 2019 and is poised to grow from USD 208.18 billion in 2023 to USD 564.22 billion by 2031, growing at a CAGR of 13% in the forecast period (2024-2031).
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 2019–2021. The organic sales in the US were recorded at USD 61,900 million in 2019–2021. Organic food witnessed an increase of 13% and the revenue from sales reached USD 56,500 million in 2019–2021. 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 Organic Food And Beverages Market Report Snapshots
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