The global organic food market is anticipated to increase to USD 278.2 billion by 2031 from USD 92.1 billion in 2020, with a CAGR forecast of 16%. Fresh food and beverage purchases, as well as associated facilities, comprise the organic food industry. Organic food production entails activities that support ecosystem balance and help to protect biodiversity. These foods are free of food additives and synthetic solvents. Increasing understanding of the health benefits associated with organic food intake is projected to fuel demand over the forecast period.

Browse ThinkWise Intelligence's exclusive report, spread through 246 Pages on: GLOBAL ORGANIC FOOD MARKET, BY PRODUCT TYPE (GRAIN, FISH & POULTRY, BAKERY, DAIRY, MEAT) RETAIL CHANNEL (SUPERMARKET, FOOD RETAIL, FARMER MARKET) – COMPETITIVE LANDSCAPE & GROWTH POTENTIAL ANALYSIS, 2021-2031

THE ORGANIC FRUITS AND VEGETABLES MARKET IS THE LARGEST TYPE IN THE GLOBAL MARKET

Organic fruits and vegetables emerged as the most profitable market, with a CAGR of more than 14% over the projected period. Organic vegetable consumption began in developed regions such as Europe and North America and has since spread to emerging nations such as India and China. Organic food is mostly consumed in Europe and North America. The consumption of organic fish, poultry, and meat products, on the other hand, is projected to grow at the fastest rate. Over the projected era, rising consumer awareness of artificial preservatives and additives is expected to boost product demand. Natural goods are expected to grow in popularity among consumers as a result of the health benefits associated with their use. Furthermore, governmental funding for organic farming improvement is expected to have a substantial effect on the industry, resulting in higher commodity quality, over the projected period.

Over the last few years, rising ethnic diversity around the world has led to a rise in market demand for spicy flavors and savory foods. The changing trend toward compact packaging has provided enough opportunity for food packaging creativity and the introduction of numerous blends of flavored seasonings across a variety of categories, including sauces, dips, dressings, and pickles. With the growing popularity of organic grocery and organic baby foods, the other organic foods sector has become a lucrative investment priority. Other growing markets, such as organic dairy products, organic non-dairy products and organic fish, beef, and poultry products, all provide significant investment opportunities. The organic drinks sector, on the other hand, is projected to expand at a slower pace, despite the fact that the organic food and beverage industry is enormous. Furthermore, organic frozen and canned meals, as well as other organic drinks, are growing markets that are projected to generate significant sales.

ASIA-PACIFIC ORGANIC FOOD MARKET IS ANTICIPATED TO HOLD THE LARGEST SHARE IN THE GLOBAL MARKET DURING THE FORECAST PERIOD

The global organic food industry can be categorized into North America, Europe, Asia Pacific, Middle East and Africa and South America based on geography. Europe has become the industry leader with the highest sales among them. North American economies are projected to develop at a healthy pace as well, thanks to the substantial buying power of the region's large middle-class population. The Rest of the World and Asia Pacific, on the other hand, are expected to rise faster than the two continents. So far, the highest demand for organically produced food has been seen in developed countries such as Japan, South Korea, Switzerland, the United States, and Germany. The organic food industry in India is booming, thanks to increased consumer awareness of the goods. Organic food demand is being driven by a rising level of health consciousness in the region. Indian customers have started to pay attention to the nutritious value and consistency of the food they eat, resulting in an increase in demand for organic food.

Whole Foods Market Inc., Cargill, Inc., WhiteWave Foods, Everest, Danone, General Mills, Inc. and United Natural Foods Incorporated are just a few of the market's major players.