The global organic food market is anticipated to expand at a promising rate from 2021 to 2031 (forecast period). Organic food is grown without the use of chemical pesticides, preservatives, or fertilizer and is grown with natural resources. An increasing number of people are adopting organic food due to numerous benefits, which is expected to drive the global organic food market during the forecast period. Furthermore, improved distribution channels and rising income levels among the population are expected to propel the worldwide organic food market throughout the forecast period.
Key players active in the global organic food market are Organic Valley, Nestle, Amy's Kitchen, Green and Black's, Danone, WhiteWave Foods, Hain Celestial, Wessanen, Earth's Best, Ebro Foods, and General Mills.
Players in the organic food market are concentrating their efforts on the creation of new product categories and variants. Organic food makers are developing novel organic food products such as ready-to-eat snacks, organic tea, biscuits, herbs, pulses, medical plants, edible flowers, spices, frozen waffles, and organic juices. For instance, Lidl, an organic grocery chain, is introducing 28 new and creative organic food products. Nestle also intends to launch fresh and unique organic milk products in India.
Growing health concerns as a result of a rising number of chemical poisoning incidents around the world are projected to drive the organic food market. Consumers are becoming more health concerned as a result of the adverse impacts of chemical pesticides in food products. Chemical pesticide toxicity in food products has been linked to cancer, hormone disruption, and birth abnormalities. As per a UN report, approximately 200,000 deaths occur each year as a result of the hazardous effects of pesticides in food products. As a result, customers are shifting their focus to organic food products.
Moreover, the rising incidence of chronic diseases such as diabetes, cancer, and cardiovascular disease, increasing burden of infectious diseases, strong healthcare spending, and the rise in health-consciousness trend are some of the major factors projected to boost the global organic food market.
Authorities such as the US Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA) oversee the organic food market to ensure that high-quality standards of food products are maintained. In the EU, for example, EFSA monitors if labeling is used to mislead consumers about a product's nutritious contents. EFSA conducts nutritional value tests on a regular basis to ensure that proper labeling is used. Regulatory authorities have developed stringent food labeling standards for the organic food market to guarantee effectiveness and transparency.
The organic food market in North America is expected to witness growth during the projection period. The growing demand for organic food among the population is a key factor projected to drive the regional market during the forecast period. The existence of a massive number of retail stores such as Costco, Walmart, and others is expected to offer growth opportunities for players in the regional market.
The Asia Pacific organic food market is anticipated to expand due to changing lifestyles and increased disposable income. Growing awareness about the health advantages of organic food and advancements in biological farming techniques are expected to increase demand for organic food in the region throughout the forecast period. The Asian market imports a substantial volume of processed organic food from developed European and North American countries. Australia, Singapore, New Zealand, Hong Kong, Japan, and Korea are key markets for organic foods in Asia Pacific. There is also a surge in demand for products in developing nations such as India and China as people become more aware of the benefits of organic food.