DEC 24 2020: In recent years, organic food products have been contributing significantly to the global food industry. This is mainly due to improved awareness regarding the detrimental effects of consuming the chemicals that are used to produce and store food products. Consumers have also become more health-conscious and show interest in the nutrition contents of the food products they consume. Organic food products are fresh, free from chemicals, and have more nutritional benefits compared to conventional food. The organic food products market is projected to expand at a CAGR of 15.4% during the forecast period (2019-2024) and will reach a value of USD 303 Bn by 2024.
Segmentation
based on type:
The fruits, vegetables, and grains segment will
hold the largest market share during the analysis period, and is anticipated to
expand at a significant CAGR of 17%. The products in this category form the
basis for many secondary food items and are a major chunk of people’s staples.
These factors enable this segment to hold pole position in terms of market
share. The growth can be attributed to the rapid increase in agricultural land,
globally. Livestock products like meat, eggs, and dairy are the second-largest
source of pesticide intake. On the contrary, the organic versions of these
products have various nutritional benefits, making them the preferred versions
for people who can afford them.
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Distribution
channel segment insights:
Individual customers are the bulk of the customer
base, with the rest accounted for by restaurants. Supermarkets are the most
preferred distribution channel for organic food products, mainly due to their
ability to allocate higher advertising budgets, extensive product stocks, and
investments in advanced storage facilities.
Since it is a niche market, all-organic specialty
stores play a vital role in the development of the market. Their focus on
all-organic product lines, and the ability to give recommendations and enhanced
insights are some of the qualities that customers appreciate. Also, they
exclusively sell organic food products, which helps them attract new customers.
E-commerce has witnessed exponential growth in
recent years since millennials find this channel to be the most convenient mode
of purchase. This has led to the emergence of numerous grocery e-commerce
websites and mobile applications. These players will help in the expansion of
the organic food products market, since customers who live in remote areas and
away from stores can access these products.
Regional
insights:
North America and Europe are mature markets that
dominated the global organic food products sector with market shares of XX% and
XX% respectively, in 2019. Moreover, most of the key players in the market are
based in these regions. The organic food products market in the Latin America
and Asia-Pacific region are expected to exhibit higher growth rates in
comparison to the other regions, owing to the abundant availability of organic
farmlands, and high production volumes. Moreover, customers’ changing tastes,
primarily because of a higher number of millennials, is expected to influence
purchase preferences in favor of organic food products.
Companies
covered:
- Hain Celestial Group
- General Mills
- Danone
- Coca-Cola
- PepsiCo
- Nestle
- Campbell Soup Company
- Tyson Foods
- Cargill
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Table
of Contents
Chapter
1. Executive Summary
1.1. Market scope and segmentation
1.2. Key questions answered in this study
1.3. Executive summary
Chapter
2. Introduction
2.1. Market definition
2.2. Market overview
- Global market revenue (USD Bn)
- Global forecasted market revenue (USD Bn)
2.3. Market drivers
2.4. Market trends
2.5. Market challenges
2.6. Value chain analysis
Chapter
3. Global Organic Food Products Market - Based on Type
3.1. Fruits, vegetables and grains - forecasted
(2019-2024) market size (USD Bn), and key observations
3.2. Dairy - forecasted (2019-2024) market size
(USD Bn), and key observations
3.3. Beverages - forecasted (2019-2024) market size
(USD Bn), and key observations
3.4. Ready-to-eat - forecasted (2019-2024) market
size (USD Bn), and key observations
3.5. Meat and egg - forecasted (2019-2024) market
size (USD Bn), and key observations
3.6. ‘Others’ - forecasted (2019-2024) market size
(USD Bn), and key observations
Continued…………………..
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