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Organic Food Market Size Growth Share Analysis Forecast Report 2019
Organic food market: Lack of skilled number of professionals and high cost equipment for farming are hindering the growth of the Organic food market
Organic Food Market was valued USD xx billion in 2018 and expected to be growing at a CAGR of xx%, to reach USD xx billion by 2023. Food produced without use of pesticides and fertilizers is called as organic food and this type of farming is called as organic farming. Organic farming techniques may vary worldwide but promotes ecological balance and conserve biodiversity. Generally organic foods contain large levels of antioxidants and certain micronutrients like zinc, iron and vitamin C. Foods covered under present organic standards are fruits and vegetables, including mushrooms, grains, legumes, nuts and seeds, dairy products and eggs, livestock feed, meats and poultry. Organic food is processed by certain standards of organic farming. These standards prohibit use of most artificial fertilizers and pesticides, sewer sludge fertilizers, genetic engineering, growth hormones, irradiation, antibiotics, artificial ingredients and many artificial additives. Organic livestock raised for dairy products, eggs and meat. The animals have access to the outdoors and given organic feed. They are not feed with growth hormones, antibiotics, or any animal by-products.
Market drivers and restraints:
Increasing concerns about the environment and health advantages associated with organic foods are mainly driving the Global organic food. In addition, increasing average household annual spending on food, increase in chronic diseases, greater accessibility of these products through small to medium scale retailers, changing lifestyles, implementation of initiatives to encourage farmers to switch to organic farming, growing working women population base, rise in number of organic food makers are also complying with international standards and are labelling their products are also driving the market. Nevertheless, lack of skilled number of professionals and high cost instrument t for farming are hindering the growth of the market.
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Report segmented as:
By Product Type:
- Fruits and vegetables
- Meats and poultry
- Dairy products
- Livestock feed
On the basis of region, this market is divided into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. North America followed by Europe dominated global organic food market and accounted for a cumulative revenue share of around 80% in 2016 because of well-developed distribution network and increasing disposable income levels to ensure availability of a large variety of organic food products. Asia Pacific is expected to have the highest growth rate due to the rising economies and growth in population.
Important market players:
Some of the major players present in Organic Food Market are Spartan Stores Inc., White Wave Foods, Hain Celestial, United Natural Foods Inc., Sprouts Farmers Market, General Mills, AMCON Distributing Co., Amy’s Kitchen, Cliff Bar & Company, Dean Foods, Whole Foods Market Inc.,and Organic Valley.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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