ORGANIC PRODUCTS RISING GLOBALLY
The global Organic Food & Beverages market is projected to reach US$ 35,0050 million by 2026, from US$ 16,7070 million in 2020, at a CAGR of 13.1% from 2021-2026.[1]
Consumers have gained an increased interest in consuming and searching out Organic produce, believing that the consumption of such food items leads to overall well-being, no GMOs, an absence of antibiotics, the protection of the environment, and animal welfare. Climate change is also central to the shift and investment in Organic Agriculture, organic brands, and supermarkets.
Post-pandemic and over the last decade the Organic industry has witnessed a dramatic rise in consumption, production, distribution, promotion, and general public awareness. A recent report by Fairfield Market Research shows a steady increase on a global scale in the Organic food and beverage sector. The report in its primary findings suggests that the market will benefit largely from the thriving levels of awareness regarding the increased benefits associated with organic F&B products.[2]
Organic fruits and vegetables still lead the way in consumption rates. Looking to local producers and buying homegrown or healthier fruits and vegetables has become one of the main aspects of living an Organic lifestyle. Distribution-wise, the supermarket/hypermarket is still at the forefront.
“In addition, shooting sales of organic products recorded by franchisee stores, club stores, and specialty stores indicate a massive business opportunity in the segment for organic food and beverages market players. The role of retail distribution channels in popularizing top-category brands will remain instrumental to the rise of this segment in the market. The report anticipates stellar growth in sales of organic goods with the rapid rise in the number of supermarket and hypermarket chains worldwide, especially across the developing regional markets.”[3]
In the Asian Pacific market, China and India remain the key players. There has been a shift in Asian nations regarding their awareness of the potential harm of GMOs, and an interest in clean-label products, and organic goods. Opportunities will also arise in the market across the Asia Pacific as the focus of F&B brands intensifies on launching chemical-free, healthier product lines.[4]
Along with Asia, the United States is making consistent investments in the acquisition of Organic brands, investing in Organic chain supermarkets and overall interest and awareness of Organic products across the USA continues to be at the forefront of the industry.
Whereas the EU’s recent legislative measures aim to promote Organic farming methods and the industry in general helping to foster a better community for the Organic sector aiming to promote EU Organic products within the EU and abroad with special projects.
[1] https://www.precisionreports.co/global-organic-food-beverages-market-16620244
[2] https://www.fairfieldmarketresearch.com/report/organic-food-beverages-market
[3] https://www.asiaone.com/business/organic-food-and-beverages-market-receives-tailwinds-non-gmo-and-clean-label-trends
[4] https://www.asiaone.com/business/organic-food-and-beverages-market-receives-tailwinds-non-gmo-and-clean-label-trends
