NEWARK, Dec. 13, 2023 (GLOBE NEWSWIRE) — Brainy Insights estimates that the $210.6 billion organic food and beverage market will reach $671.8 billion by 2032. The main driver of market expansion is increasing public awareness of the health benefits. From consuming organic products. The shift in consumer purchasing behavior is expected to increase sales of organic food and beverages. Moreover, growing customer preference for non-GMO products is fueling market expansion. The market has grown significantly as a result of easy access to organic foods and beverages. Farmers’ markets and specialty stores are no longer the only places to find organic items. As consumers become aware of the negative effects of synthetic materials and want to improve overall health, demand for organic ingredients has increased over the past few years. Conventional foods carry many health risks because they contain synthetic chemicals in plants and animals, such as pesticides and antibiotics.
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Insight into the organic food and beverage market
North America will represent the largest market size during the forecast period.
Due to the region’s growing aversion to chemically and genetically modified crops, consumer attitudes toward healthy eating and the need for a nutrient-dense diet, North America currently has the largest market share for organic foods and beverages.
The organic food segment dominated the market with the largest revenues at US$124.2 billion.
The organic food segment dominated the market with the largest revenues at US$124.2 billion. Fresh, unprocessed, organic foods and drinks are good for your health. Because processed foods have been linked to cancer, there is a strong market for organic, unprocessed food products.
The supermarket/hypermarket segment dominated the market with significant revenues of US$50.5 billion.
The supermarket/hypermarket segment dominated the market with significant revenues of US$50.5 billion. This explains why supermarkets and hypermarkets are becoming more common in industrialized countries such as North America and Europe. In developed markets, it is a popular sales channel for purchasing food products such as groceries.
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Drivers: Increased demand for clean label products
Due to the increase in demand for clean label food and beverage commodities, the organic food and beverage business is expected to develop significantly. Consumers are now more aware of the foods and drinks they consume. They want information about what ingredients are in foods and drinks, where they come from, and certifications from government authorities so they can ensure that every product is sustainable and organic. Customers are becoming more conscious of their health due to changing lifestyles. For this reason, consumers prefer organic foods and beverages over other sweets. For example, France has seen a sharp rise in the number of people consuming organic food due to the perceived health benefits of the goods. The organic food and beverage market is one source of this information.
Restraint: reduced life span
The organic food and beverage market has a relatively shorter shelf life than conventional items. In addition, consumers are paying more for organic food and beverage products. Since organic farming requires more labor-intensive techniques and relies less on pesticides to enhance crop productivity, its products are more expensive than conventional foods and beverages. Additionally, the cost of certification contributes to this expense.
Opportunity: Increasing health concerns and standard of living
Gaining more knowledge about the benefits of the organic food and beverage industry promotes increased market share. Organic food and beverages raise living standards, reduce health risks, increase consumer awareness for health-conscious consumers, protect against synthetic chemicals, pesticides and fertilizers, and do not contain GMOs. Thus, organic food and beverages benefit human health, the environment and animals. Compared to a typical diet, it offers nutritional advantages.
Challenge: High prices
The organic food and beverage market is expected to rise in the coming years due to numerous investments, innovations, research and development, and new product launches. New product development can increase demand and open new markets for organic food and beverage products. The growing trend of vegetarianism and plant-based diets among consumers is contributing to the expansion of the organic business.
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Some of the major players operating in the organic food and beverage market are:
● Heavenly Hin Group, Inc
● Dean Foods Company
● White Wave Foods Company
● Amy’s Kitchen Company.
● United Natural Foods, Inc
● Starbucks Corporation
● Spartanash Company
● Kroger Company
● General Mills
● Whole Foods Market Company
Key segments covered in the market:
● Organic drinks
● Organic food
By distribution channel:
● Specialized stores
● Convenience stores
● Online sales channel
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About the report:
The global organic food and beverage market is analyzed on the basis of value (USD billion). All sectors were analyzed on a global, regional and country basis. The study includes analysis of more than 30 countries for each part. The report provides an in-depth analysis of the drivers, opportunities, restraints and challenges to gain critical insight into the market. The study includes Porter’s Five Forces Model, gravity analysis, raw materials analysis, supply and demand analysis, competitor location network analysis, distribution, and marketing channel analysis.
About Smart Insights:
The Brainy Insights is a market research company that aims to provide actionable insights through data analytics to companies to improve their business acumen. We have a powerful forecasting and estimation model to meet clients’ goals of high quality output within a short period of time. We offer customized (client specific) and group reports. Our repository of aggregated reports is diverse across all categories and subcategories across industries. Our customized solutions are designed to meet customers’ requirements whether they are looking to expand or planning to launch a new product in the global market.
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