The Business Research Company’s Organic Food Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Organic Food Global Market Report 2023 evaluates organic food market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global organic food market is expected to grow from $412,927.7 million in 2027 at a rate of 13.9%. The market is then expected to grow at a CAGR of 16.7% from 2027 and reach $894,544.7 million in 2032.
The increase in the awareness of fitness among people and the growing number of health-conscious consumers are expected to drive the market for organic food during the forecast period. Consumers are moving towards maintaining good health through various diets including keto and vegan, and fitness training including gyms. This shift is mainly because of the rise in sedentary jobs and busy lifestyles which are the major causes of diseases such as high blood pressure and diabetes. For example, a 2018 consumer food and beverage survey, by L.E.K., a US-based management consulting company, of nearly 1,600 consumers showed that they want health claims to be more nuanced and convey specific attributes. Nearly 93% of respondents stated that they feel obligated to eat healthily at least some of the time. Also, 63% stated that they strive to eat healthily most of the time, if not always. Consumers are aware of labels, regardless of their level of commitment, with 47% reading labels at least most of the time when purchasing a product. As a result of a balanced diet, many consumers are preferring organic and convenience food and beverages that offer umpteen nutrition profiles, thereby, driving the market for organic food during the forecast period.
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The organic food market segments in the report are:
1) By Product Type: Organic Meat; Poultry And Dairy; Organic Fruits And Vegetables; Organic Bread And Bakery; Organic Beverages; Organic Processed Food; Other Organic
Products
2) By Distribution Channel: Conventional Retailers; Natural Sales Channels; Online Stores
a) Conventional Retailers By Type: Supermarkets/Hypermarkets; Convenience Stores; Specialty Stores; Other Conventional Retailers
The table of contents in TBRC’s organic food market report includes:
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
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19. Company Profiles
20. Key Mergers And Acquisitions
21. Opportunities And Strategies
22. Organic Food Market, Conclusions And Recommendations
23. Appendix
Top Major Players:
- Danone S.A
- The Kroger Co
- General Mills Inc
- The Hain Celestial Group, Inc
- Organic Valley
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