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The global organic foods market size is projected to witness a rise during the forecast years, due to the increasing disposable income of the population, changing lifestyle, and increased preference for quality food products. According to the Organic Trade Association, U.S. organic food sales witnessed a CAGR of 8.81% during the period from 2013 to 2018. An upsurge in demand for organic foods from various food and beverage industries and from the end-users is projected to contribute to the growth of the organic food market in the forthcoming years.
Key companies operating in the global organic foods market are focusing on the launch of innovative organic food products for multiple industrial applications for maintaining their market prominence. General Mills, the WhiteWave Foods Company, the Hain Celestial Group, Inc. (U.S) are some of the key companies operating in organic foods market.
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Organic foods are produced by the raw material and ingredients that came from the farms that comply with the organic farming standard practices. Organic foods offer a wide range of advantages as compared to conventional foods including free from harmful chemicals, health benefits.
Increased consumption of organic foods among many individuals due to the increasing income level of the consumers, enhancement in standards of living, growing many environmental concerns is projected to fuel the growth of organic foods market during the forecast period. Increased governmental support to organic foods production due to the health benefits offered by organic foods is further expected to boost the demand for organic foods at the forecast period.
The high cost of organic food products and low shelf life in organic food and beverage industries as compared to conventional foods is expected to hamper the market growth during the forecast years. Furthermore, lack of knowledge about these organic food products and affordability factors in some of the developing and underdeveloped countries is expected to restrain organic foods market growth.
By Raw Material/Commodity
By Distribution Channel
On the basis of raw material, the organic foods market has been segmented into cereals and grains, fruits and vegetables, dairy products, and others. Fruits and vegetables accounted for the largest market share followed by cereals and grains and dairy products.
On the basis of end-use, organic foods market has been segmented into ready-to-eat snacks, breakfast cereals, bakery & confectionery, processing industry, and others. The ready-to-eat food products is projected to be the highest during the forecast years, owing to the increasing disposable income and an increasing number of the working population. Significant growth in the food and beverages industries and busy lifestyle of many individuals in developing economies is expected to boost the product’s demand, hence aid its market growth during the forecast period. On the basis of the distribution channel, the global organic foods market has been segmented into direct marketing and processing industry.
North America is projected to dominate the organic foods market during the forecast years, owing to the growing popularity of organic food and organic drinks and increasing awareness about the health benefits of consuming organic food products. According to the Organic Trade Association, the U.S. is the largest market for organic foods and accounts for more than half market share of organic products consumed globally. Rapid growth in food and beverage industries of the region is projected to result in the upsurge in demand for organic foods by this industry, which is further anticipated to aid the organic foods market growth of the region.
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