Organic Food & Beverages Market Size, Competitive Trends, Outlook and Forecasts 2022
Global Organic food & beverages market which is estimated to grow more than 14.8% after 2022.
Organic food & beverages include products which are produced organically without the use of any synthetic chemicals, additives, coloring agents, genetic manipulation or radiation. The manufacturers use only natural ingredients which are ecofriendly as well as animal friendly producing organic food products which are healthier than the conventional food. Over the past few years, increasing use of chemical preservatives and fertilizers in production of conventional food has become the serious issue across the globe. This has led to the adoption of organic farming which is based on use of natural products instead of the artificial pesticides and fertilizer in order to maintain the health of soil and ecosystem.
In recent years, the world has observed an increasing awareness of health and environmental issues. Sustainability has turned out to be one of the significant factor for conversing economic development particularly for the developing economies. Increasing health consciousness among people in the industrialized countries of Western Europe, North America, Japan and Australia.
Also, mounting consumer awareness regarding of inorganic food on human health has enforced the consumer to adopt organic food & beverages product instead of the inorganic food. Organic food & beverages industry is witnessing a substantial growth both in developed and developing economies due to the rising consumer awareness towards the organic food & beverages products, increasing incidence of diseases and changing dietary patterns. With growing disposable income and changing spending habits consumers are willing to pay extra amount of money to buy healthy food products.
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Initially organic food & beverages reaches the end user through the small retail outlets of organic food & beverages stores and food cooperatives at regional levels. Due to the rising growth of e-commerce industry across the world, organic food & beverages product can be reached to the end user with in the stipulated period of time. Moreover, increasing internet penetration and shopping apps for smart phone users is also expected to be one of the significant factor of the growth of global organic food & beverages market during the forecast period. These factors will play a key role in the growth of organic food & beverages market at the CAGR of 14.8% during 2016-2022.
Organic fruits & vegetables is projected to account maximum market proportion of the total organic food market in the year of 2016. However, frozen and processed food segment is expected to register highest CAGR during the forecast period owing to the busy life schedule of the consumer as well as for the increasing working female population in developing economy. Non-dairy beverages segment is also expected to hold one half of the overall market of the total organic beverages market in the year of 2016. In case of distribution channel, store based segment is expected to account maximum market proportion by the end of 2016. However, ecommerce segment is expected to witness a double-digit growth throughout the forecast period. Key players are launching & promoting their product line on various e-commerce site so as to reach out to various consumers.
The major key players in Organic food & beverages market are
- Amys Kitchen Inc. (U.S.)
- Dean Food Company (U.S.)
- General Mills Inc. (U.S.)
- Hain Celestial Group, Inc. (U.S.)
- SpartanNash Company (U.S.)
- Kraft Foods Group Inc. (U.S.)
- The Kroger Co. (U.S.)
- Whole Foods Market, Inc. (U.S.)
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Global organic food & beverages market is highly concentrated in North America. APAC has huge potential for organic food & beverages, as there is rising in disposal income, increased in demand for processed food and convenience food.
The global Organic food & beverages market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these North America region is expected to account major market proportion throughout the forecast period. The market is projected to grow at a steady pace during the forecast period. Asia-pacific region is anticipated to be the fastest growing region in the Organic Food & Beverages Market and high growth in emerging economies such as China, India, Japan and ASEAN countries. Europe also offers ample opportunities for expansion to major players. The high consumption of convenience food products in Europe is also expected to position it as an attractive region among the organic food & beverages manufacturers.
Global organic food & beverages market is segmented by product type, application, packaging type, distribution channel and region