Increasing awareness of the benefits of the organic food and beverage market causes increased market share growth. In the past few years, the development of social media has played a major role in increasing awareness about the negative effects of conventional food and the benefits of organic food and beverages. Apart from the shift in how organic foods are observed, consumers increasingly look after the social aspects of organic production, preferring small-scale agriculture in a clean environment over large farms.
Data Bridge Market Research shows that the Global Organic Food and Beverages Market was valued at USD 188.35 billion in 2021 and is expected to reach USD 430.01 billion by 2029, at a CAGR of 10.87% during the forecast period of 2022-2029.
" Increasing Demand for Clean Label Products Surge the Market Growth"
Clean-label products are witnessing higher demand as consumers seek plant-based proteins, and vegetarian foods are healthier. Clean-label products are natural, non-GMO, and prepared with real ingredients, with no additives or preservatives. The primary benefit associated with a clean-label product is that consumers can easily read the ingredients and also it is organic and thus free of chemicals. Market players are engaged in making good packaging designs, food product transparency, and simple ingredients with functional benefits. Thus, the availability of organic food and beverages is estimated to boost the market's growth.
What restraints the growth of the Global Organic Food and Beverages Market?
"High Cost of Organic Food and Beverages"
There is an increasing cost of organic products than the normal ones, limiting the market growth. The primary cause for the higher price of organic produce is the certification process that all farmers need to go through to be recognized as organic farmers. In organic farming, intense manual labor is involved. Weeding is frequently done by hand, and pests are controlled by launching natural predators of those pests into the crop. All these major factors impede the growth of the market.
Segmentation: Global Organic Food and Beverages Market
The global organic food and beverages market is segmented on the basis of product type and distribution channel.
- On the basis of product type, the organic food and beverages market is segmented into organic food and organic beverages.
- On the basis of distribution channel, the organic food and beverages market is segmented into supermarket/hypermarket, convenience stores, specialist stores, internet retailing and others.
Regional Insights: North America is expected to dominate the Global Organic Food and Beverages Market
North America dominates the market because of the presence of eco-friendly and extremely healthy products than conventional food. There is rising consumer awareness regarding the benefits of natural or organic foods that are not genetically modified or engineered, which boosts market growth.
Asia-Pacific is expected to grow in 2022-2029 due to increasing urbanization, westernization, huge growth and expansion of the organic food and beverages industry, changing lifestyles, and growing disposable income. Also, increasing public awareness regarding the health benefits of organic food and beverages will create huge growth opportunities in this region.
To know more about the study, visit, https://www.databridgemarketresearch.com/ru/reports/global-organic-food-beverages-market
Recent Developments in Global Organic Food and Beverages Market
- In 2022, Danone completed the acquisition of organic food producer Happy Family. Happy Family produces a wide variety of organic products. The management of Danone showed that the company has agreed to purchase around 92% share of Happy Family , the organic baby and baby food manufacturer.
- In 2022, Grain Forests launched several new organic products to decrease the gap between the rural farm and the city. The newly added products are sprouted ragi for babies, a health mix for people with diabetes, moringa powder for daily nutrition and for a nutritious breakfast.
The Prominent Key Players Operating in the Global Organic Food and Beverages Market Include:
- Hain Celestial (U.S)
- Dole Food Company, Inc (U.S)
- Dairy Farmers of America, Inc. (U.S)
- General Mills Inc. (U.S)
- Danone (France)
- United Natural Foods, Inc. (U.S)
- GCMMF (India)
- THE HERSHEY COMPANY (U.S)
- Amy's Kitchen, Inc. (U.S)
- Organic Valley (U.S)
- Conagra Brands, Inc. (U.S)
- Nestlé (Switzerland)
- Eden Foods (U.S)
- SunOpta (Canada)
Above are the key players covered in the report, to know about more and exhaustive list of global organic food and beverages market companies contact, https://www.databridgemarketresearch.com/ru/contact
Research Methodology: Global Organic Food and Beverages Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
