In the present year 2023, the organic food and beverage market is valued to be around US$ 250 Bn, which is analysed to register a grand CAGR of 13% during the forecast years. As per the experts, the overall valuation is expected to reach about US$ Bn by 2033.
Consumer awareness of the multiple benefits of consuming organic food items as well as the health risks associated with conventional agricultural produce has contributed to the growth of the worldwide organic food and beverage sector. Growing consumer awareness of the benefits of avoiding genetically modified (GM) crops is anticipated to create market potential for organic food and beverages in the near future.
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The three greatest economies in terms of government spending on organic food production are China, India, and Japan. These countries with the largest populations also have a strong propensity to produce organic foods and beverages. Additionally, a notable rise in frozen food consumption brought on by a lack of time for cooking and preparation is opening up new markets for organic frozen food products in the neighbourhood supermarkets and hypermarkets.
Key Takeaways from the Organic Food and Beverages Market Study
- The greatest CAGR is anticipated to be seen in the Asia-Pacific region throughout the projection period by the rapid adoption of organic farming methods in China and India.
- Now organic fruits and vegetable segment dominates the market by contributing more than 40% of the revenue generated, while the organic meat & poultry segment is poised to take over later by growing at a rate of 15% through 2033.
- The contribution of offline distribution channels has come down to 50% in the past few years and the online distribution channel is projected to grow at a rate of 14% during the forecast years.
Competitive Landscape for the Organic Food and Beverages Market
The Whole Foods Market L.P., THE HERSHEY COMPANY, Amy’s Kitchen, Inc., Organic Valley, Conagra Brands, Inc., Nestlé, Eden Foods, SunOpta, Dole Food Company, Inc, Dairy Farmers of America, Inc., General Mills Inc., Danone, United Natural Foods, Inc., Gujarat Cooperative Milk Marketing Federation (Amul), EVOL Foods, Eden Foods, Starbucks Corporation, Nature’s Path Food, WhiteWave Foods Co., Hain Celestial Group, Inc., Dean Foods Company, SpartanNash Company, Amy’s Kitchen, Inc., and the Kroger Co. are some of the top companies operating in the organic food and beverage sector. Additionally, in the contemporary world, many private-label organic drink companies are becoming more well-known on a broad scale.
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Recent Developments in the Organic Food and Beverages Industry
Sunopta Company, which is a pioneer in the production of healthy fruit- and plant-based meals and drinks, released OatGold TM in the market in March 2020 as a nutrient-rich powder and is used to make a variety of items, including baked goods, salty snacks, and sandwich spreads.
The purchase of Assan Foods by The Kraft Heinz Company from a privately owned Turkish company named Kibar Holding was revealed in June 2021. With this takeover, the business hopes to broaden its market reach internationally while concentrating on improving food quality and customer service.
In April 2020, Amy’s Kitchen introduced veggie-loaded pizzas that are gluten-free and are prepared using organic sweet potatoes, broccoli, and other condiments. According to another announcement by Amy’s Kitchen, in November 2020, it has plans to invest in a new pizza manufacturing plant in San Jose, California, particularly for the production of frozen organic meals and shelf-stable soups
Nature’s Path Company introduced Regenerative Organic Certified Instant Oatmeal in April 2020. Nature’s Path is also dedicated to eco-friendly packaging and has developed a business model around carbon neutrality, and ecological giveback initiatives in support of their belief that combating climate change should start with the foodstuff we produce and consume.
Key Segments
By Product Type:
- Organic Fruits 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
- Other Organic Food and Beverages
By Process:
- Processed
- Unprocessed
By Distribution channel:
- Supermarket/Hypermarket
- Specialty Stores
- Convenience Stores
- Online Sales Channel
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and Pacific
- Middle East and Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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