Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 172.65 Billion | USD 285.81 Billion | 5.76% | 2023 |
The global organic food and beverage market size was worth around USD 172.65 billion in 2023 and is predicted to grow to around USD 285.81 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.76% between 2024 and 2032.
Organic foods and beverages are the types of food and beverages that are manufactured using organic farming standards. This agricultural standard is regulated by the departments of the government of different countries and also contains rules for the regulation of the cultivation of food and animal welfare. The use of chemical fertilizers, antibiotics, synthetic pesticides, and growth hormones is not allowed or only partly permitted in the production of organic food and beverages.
The report covers forecasts and analyses for the organic food and beverages market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes drivers and restraints for the organic food and beverages market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the organic food and beverages market on a global level.
In order to give the users of this report a comprehensive view of the organic food and beverages market, we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides a company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and global and regional expansion of major participants involved in the market.
The organic food and beverages market is estimated to show significant growth in the forecast period, because of the unique advantages of organic food and beverages such as they are chemical-free and pesticide-free, eco-friendly, and healthier as compared to inorganic food. With rising awareness about health concerns and also the importance of healthy food and beverages has fueled the demand for organic food and beverages market across the globe. The increase in a number of supermarkets, retail stores, and convenience stores has also catalyzed the growth of the global organic food and beverages market as they display the products and some have allocated a different section for organic food in their outlets. Increase in disposable income level, improvement in the standard of living, growth in environmental concerns, and increase in health hazards due to inorganic foods are some of the other driving factors of this market. High price and low shelf life of the organic food and beverage is expected to hamper the growth of the market.
The study provides a decisive view of the organic food and beverages market by segmenting it on the basis of product type and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
On the basis of product type, the organic food and beverages market is divided into organic food and organic beverages. Further, the organic food segment is divided into organic fruits & vegetables, organic meat, fish & poultry, organic dairy products, organic frozen & processed foods and others. In 2023, the organic fruits & vegetables segment accounted for approximately 36% revenue share of the market. The popularity of organic fruit & vegetable were observed in the developed regions such as Europe and North America which has in recent times expanded to developing countries like India and China. Organic meat, fish & poultry products are expected to witness rapid growth among organic food products.
The organic beverages segment is further sub-segmented into organic non-dairy products, organic coffee & tea, organic beer & wine and others. The organic beverages market is expected to grow exponentially as many people prefer organic drinks over carbonated functional beverages because of its wide-range of health benefits. Non-dairy beverages such as soy milk dominated the organic beverage segment in 2022 and this segment is expected to dominate within the forecast period. Organic coffee and tea sales are expected to witness high CAGR owing to the increasing global economic conditions and high consumption of flavored tea and coffee. Organic beer & wine segment is also expected to gain popularity within the forecast period.
Report Attributes | Report Details |
---|---|
Report Name | Organic Food and Beverage Market |
Market Size in 2023 | USD 172.65 Billion |
Market Forecast in 2032 | USD 285.81 Billion |
Growth Rate | CAGR of 5.76% |
Number of Pages | 220 |
Key Companies Covered | The Hain Celestial Group Inc., Amy's Kitchen Inc., Organic Valley, Private Label Companies, Whole Foods Market Inc., General Mills, Inc., Everest, Cargill, Inc., WhiteWave Foods, Danone, United Natural Foods Incorporated, and others. |
Segments Covered | By Product Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East & Africa with its further bifurcation into major countries including the U.S., UK, Germany, France, China, Japan, India, Brazil, etc. This segmentation includes demand for organic food and beverages market based on all segments in all the regions and countries.
North America is projected to continue its supremacy in the global organic food & beverages market, due to the unique advantages associated with the products such as they are eco-friendly and healthier as compared to inorganic food. Asia Pacific is expected to show a high CAGR because of the rising awareness about the benefits of organic foods and beverages in developing regions like China and India.
The global organic food and beverage market is dominated by players like:
Global Organic Food and Beverages Market: Product Type Segment Analysis
Global Food and Beverages Market: Regional Segment Analysis
FrequentlyAsked Questions
Organic food refers to food and beverages produced according to the principles of organic farming. Organic farming approaches differ globally, but they generally involve cycling resources, maintaining ecological balance, and preserving biodiversity.
According to a study, the global organic food and beverage market size was worth around USD 172.65 billion in 2023 and is expected to reach USD 285.81 billion by 2032.
The global organic food and beverage market is expected to grow at a CAGR of 5.76% during the forecast period.
North America is expected to dominate the organic food and beverage market over the forecast period.
Leading players in the global organic food and beverage market include The Hain Celestial Group Inc., Amy's Kitchen Inc., Organic Valley, Private Label Companies, Whole Foods Market Inc., General Mills, Inc., Everest, Cargill, Inc., WhiteWave Foods, Danone, and United Natural Foods Incorporated, among others.
The organic food and beverage market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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