Global Organic Food Market To Grow At A CAGR Of 16.4% during 2018-2022.
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General Mills Inc Is One Of The Largest Companies In The Organic Food Market, According To TBRC's Report (Companies: General Mills Inc., Cargill, Inc., Danone, United Natural Foods Inc. and Amy's Kitchen)
The global organic food market was valued at about $166 billion in 2018. North America organic food market accounts for the largest share in the global organic food market.
The organic food market consists of sales of organic food and beverages and related services. The production of organic food involves practices that promote ecological balance and aim to conserve biodiversity. These food products do not use any food additive or industrial solvent
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Organic Food Market Size
The organic food is expected to grow to around $306 billion at a growth rate of around 16% through 2022. Increasing health concerns due to growing number of chemical poisoning cases globally is acting as a driver in the organic food market. Consumers are becoming more health conscious owing to the harmful effects caused by the presence of chemical pesticides in food products. The toxicity of chemical pesticides in food products can cause cancer, hormone disruption and birth defects.
However, low shelf life of organic food and beverages compared to conventional foods and beverage products is restraining the organic food market.
Companies in the organic food market are focusing on introduction of new product categories and varieties. Organic food manufacturers are coming up with new and innovative organic food products in the form of ready-to-eat snacks, cookies, organic tea, pulses, spices, edible flowers, frozen waffles, medical plants, herbs and organic juices. For example, Lidl, an organic grocery chain is coming up with 28 new and innovative organic food products to choose from.
Major players in the market are General Mills Inc., Cargill, Inc., Danone, United Natural Foods Inc. and Amy's Kitchen.
General Mills, Inc., is an American multinational manufacturer and marketer of branded consumer foods sold through retail stores. It is headquartered in Golden Valley, Minnesota, a suburb of Minneapolis
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Few Points from Table of Contents:
4. Organic Food Market Segmentation
4.1. Global Organic Food Market, Segmentation By Product Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Organic Meat, Poultry & Dairy
Organic Fruits & Vegetables
Organic Bread & Bakery
Organic Processed Food
Other Organic Products
4.2. Global Organic Food Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Natural Sales Channels
5. Organic Food Market Regional And Country Analysis
5.1. Global Organic Food Market, Split By Region, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
5.2. Global Organic Food Market, Split By Country, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
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|Date:||Aug 23, 2019|
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