Organic Foods and Beverages Market: Segmented by Type (Organic Foods and Organic Beverages); and Region - Global Analysis of Market Size, Share & Trends for 2019-2020 and Forecasts to 2030
[170+ Pages Research Report] Organic Foods and Beverages Market to surpass USD 794.73 billion by 2030 from USD 264.95 billion in 2020 at a CAGR of 12.7 % in the coming years, i.e., 2021-30.
Organic foods and drinks are made from ingredients that have been grown using organic farming methods. Due to the unique advantages of organic food and beverages, such as chemical and pesticide-free, eco-friendly, and much healthier than inorganic food, the organic food and beverages market forecast predicted significant growth in the near future. Increased understanding of the benefits of organic food and beverage consumption is projected to drive market growth in the near future.
Global Organic Foods and Beverages market is expected to project a notable CAGR of 12.7% in 2030.
Rising income levels, rising living standards, rising environmental issues, and rising health hazard diseases due to inorganic foods are all driving factors that are influencing the market growth. Rise in awareness regarding the benefits of organic food and beverages industry intake is anticipated to fuel the market growth in the near future.
Organic fruits and vegetable segment to grow with the highest CAGR during 2020-30
Global Organic Foods and Beverages market is segmented by type into organic foods and organic beverages. The organic food segment is further divided into organic fruits and vegetables, organic meat, fish & poultry, organic dairy products, organic frozen & processed foods, and other organic foods. The organic beverage segment is divided into organic non-dairy beverages, organic coffee & tea, organic beer & wine, and other organic beverages. Organic fruits and vegetable segment held the largest market share in the year 2020. Organic vegetable consumption began in developed regions such as Europe and North America and has since spread to developing 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.
Increase in Number of Chemical Poisoning Cases and Launch of New Products
The organic food market is being driven by rising health issues as a result of an increase in the number of chemical poisoning cases around the world. Consumers are becoming more health-conscious as a result of the negative consequences of chemical pesticides in food. The organic food industry is concentrating on the launch of new product types and varieties. Ready-to-eat sweets, cookies, organic tea, pulses, spices, edible flowers, frozen waffles, medicinal plants, herbs, and organic juices are among the modern and groundbreaking organic food items being developed by organic food manufacturers.
Rising Health Concerns and Increase in Income Levels of People
Increased understanding of the benefits of organic food and beverage consumption is projected to drive market growth in the near future. Rising income levels, rising living standards, rising environmental issues, and rising health hazard diseases due to inorganic foods are all driving factors in this industry. Furthermore, both private investors and the government are increasing their investments in the organic food and beverage industry, providing opportunities for the organic food and beverage market to thrive.
Short Shelf Life and High Costs Associated with Market
The high price of organic products and the short shelf life of organic food and beverages in relation to conventional foods are some of the market constraints. Organic food and beverage prices are projected to fall in the near future due to technological advancements and increased soil adaptability to organic farming.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Organic Foods and Beverages market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Global Organic Foods and Beverages in Asia Pacific held the largest market share in the year 2020. The availability of farmland for organic farming in the United States, Australia, and Argentina has compelled regulators to create supportive policies to boost organic food production growth. As a result, the demand for organic foods, combined with regulatory support, is expected to boost demand for organic foods and beverages over the forecast period. Because of rising affluence and customer disposable income, the APAC organic foods and beverages industry is expected to develop rapidly. Furthermore, rising consumer understanding of health issues and advancements in biological farming techniques are expected to boost product demand in the area in the coming years.
Global Organic Foods and Beverages Market is further segmented by region into:
Organic Foods and Beverages Market Segments:
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