GLOBAL ORGANIC MARKET NEW STUDY AND PREDICTIONS TILL 2031
According to a new report published by Allied Market Research, titled, “Organic Food and Beverages Market by Product Type, Process, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2022–2031,” the global organic food and beverages market size is expected to reach $860.625.7 million by 2031 at a CAGR of 14.9% from 2022 to 2031. [1]
Over the last 10 years, there has been a steady rise in the growing awareness of the advantages of organic products, and improved organic farming techniques. The demand for organic food and beverages is anticipated to quadruple by 2031 as compared to its size in 2020.[2] Moreover, thanks to market potential, heavy investments have been made by private industries and governments including new policies aimed at promoting organic farming, especially due to climate change.
Covid-19 increased an inclination towards practicing healthy habits thus buying Organic or clean-label foods increased exponentially in 2020. Even though recent inflation and the global crisis have impacted the Organic market maintaining it as stable compared to 2020’s growth, the upcoming years will see steady growth thanks to government policies and a rising ‘healthy culture’.
Interest is expected to rise in various product segments from vegetables, organic meat, fish and poultry, organic dairy products, organic frozen and processed foods, organic non-dairy beverages, organic coffee and tea, organic beer and wine, and other organic food and beverages. Also, thanks to the many distribution channels now available from supermarkets, specialty stores, convenience stores, online sales channels, and others (food service, groceries, & others) goods are readily accessible and easier to find.
This study has analyzed the following geographical areas: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, United Arab Emirates, Saudi Arabia, and rest of LAMEA).
We shall also see the rise of online purchasing thanks to innovative e-commerce solutions, apps, and home delivery systems across the globe. Asia-Pacific is expected to grow at a significant rate during the forecast period, due to a fast-growing economy and rising standards of living associated with more healthy eating habits.
According to this study, the U.S. accounted for 41.5% of the global organic food and beverages market share forecast in 2020. [3]
Based on this data, it is key to continue promoting Organic values through EU-funded initiatives such as the Organicity Project in order to foster greater awareness and transnational relations.
[1] https://organicfood.einnews.com/pr_news/637703256/organic-food-and-beverages-market-size-share-growth-and-forecast-to-2031?n=2&code=c4sIzukaJz7SdS
[2] https://organicfood.einnews.com/pr_news/637703256/organic-food-and-beverages-market-size-share-growth-and-forecast-to-2031?n=2&code=c4sIzukaJz7SdS
[3] https://organicfood.einnews.com/pr_news/637703256/organic-food-and-beverages-market-size-share-growth-and-forecast-to-2031?n=2&code=c4sIzukaJz7SdS
