Organic Food and Beverage Market Poised to Reach USD 639.40 Million by 2034 with a Robust CAGR of 13.00% | Future Market Insights, Inc.
Future Market Insights Global and Consulting Pvt. Ltd.
8 min read
Future Market Insights Global and Consulting Pvt. Ltd.
Several national and international organizations are also now supporting the organic food and beverages market to expand quickly since the products are generally healthier than traditional products, and devoid of any inorganic chemicals and their residues making them ecologically beneficial. Additionally, the top private businesses operating in ready-to-eat food products are concentrating on offering chemical-free snacks and drinks for better brand value and the personal wellness of their consumer base.
NEWARK, Del, Aug. 07, 2024 (GLOBE NEWSWIRE) -- A comprehensive evaluation of the food and beverage industry implies that the organic food and beverage market is poised to develop at a robust CAGR of 13.00% from 2024 to 2034. Previous assessments by FMI estimated the organic food and beverage market's worth at USD 122.30 million in 2019, with current valuation indicating an uptick to achieve USD 278.00 million in 2024. Thematic analysis of organic food and beverages aim at a valuation of USD 639.40 million by 2034.
The demand for organic foods and drinks accelerates swiftly as the worker class sector gets less meal preparation time and becomes aware of the significant amount of inorganic chemicals put in fruits and vegetables. The upsurge in the sales of organic food and beverages is demonstrated by the evolving eating habits among consumers and the adoption of greener shifts in cultivation practices by farmers.
The high production cost and shorter shelf life constrain the organic food and beverage market growth. The premium pricing inhibits the broad adoption, due to limited alternatives to choose from, hamper the market expansion of organic food and beverages. Significant packaging, logistics, and distribution costs to prolong shelf life impede organic food and beverage market growth.
Major Factors Driving the Global Organic Food and Beverages Market Over These Years
Throughout the forecast years, the organic superfood market is anticipated to rise strongly as the goods for sale in such markets contain no chemicals and leave no residue. Moreover, in comparison to typical fruits and vegetables available in farmers' markets, they are exceptionally healthful and environmentally beneficial. Those same reasons are also expected to spur the demand for organic food and beverages as consumers’ understanding of the advantages of natural products that are not genetically engineered or modified rises.
Sales of organic vegetables have increased during the past two-three years, as have subscription packages over shopping sites specifically dedicated to organic food and beverages. Furthermore, the sales of organic foods and beverages from online retailers have significantly increased as a result of the widespread use of online delivery services usage following the epidemic in 2020 to 2021.
Regional Outlook
The Asia Pacific's organic food and beverage market is developing at a rapid CAGR. This is due to diverse factors, such as escalating consumer knowledge of the health advantages of eating organic food, transitioning eating choices, and better economic probability.
Asia Pacific countries are adopting organic food policies at a swift pace, and this trend continues. There is a substantial demand for organic food and drink production in China and India.
“The organic food and beverage market garners a considerable global growth horizon. The market is in the growth stage and its support to the global organic food market to amplified significantly. The escalating price is an essential restraining factor in buying organic food and beverages.” says Nandini Roy Choudhury, Client Partner at Future Market Insights
Key Takeaways
The fruits and vegetables segment in the product type category to grab a share of 43.6% in 2024.
In the distribution channel category, the hypermarket/supermarket segment to acquire a share of 37.40% in 2024.
India sales of organic food and beverages indicate a CAGR of 10.30% through 2034.
Japan organic food and beverage market reflects expansion between 2024 and 2034 at a CAGR of 9.60%.
Through 2034, China organic beverage market show escalation at a CAGR of 8.70%.
Between 2024 and 2034, Germany organic food and beverage industry imply growth at a CAGR of 8.30%.
The United States organic food and beverage market implies expansion at a CAGR of 7.50% through 2034.
Competitive Landscape
The global market is significantly competitive and fragmented due to the participation of several domestic and international organic food and beverage manufacturers. The prominent organic food and beverage vendors pay a lot of attention to purchasing these smaller producers to stay competitive. In contrast, new organic food and beverage producers primarily focus on product innovation to address customer choices and needs.
Eminent Developments
‘GO Organic!' was launched as a consumer brand at Fruit Attraction 2023 in Madrid in October 2023 by Dole Food Company, Inc. The creation of Dole Organics was set up as a specialized subsidiary. Dole Organics is committed to strengthening the organic fresh produce market, facilitating cross-sector cooperation, optimizing supply chains, and guaranteeing continuous availability and standardization of organic products.
Organic Oatmilk was the first product released by So Delicious Dairy Free when it entered the oat milk market in April 2023. Made with organic oats and various ingredients, the product comes in two flavors: Original and Extra Creamy.
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
Explore FMI’s related ongoing Coverage in the Food and Beverage Domain:
The BRIC organic baby food market is anticipated to be worth US$ 5.5 billion in terms of revenue in 2023. The market is projected to expand at a CAGR of 16.1% to reach a market size of US$ 24.5 billion by 2033.
The organic foods market is likely to record a 12.1% CAGR during the forecast period. The market is likely to reach US$ 176.51 billion in 2023 and is expected to be worth US$ 553.13 billion in 2033.
According to the research of Future Market Insights, over the projected period, the Organic Snack Food Market is expected to expand at a CAGR of 4.1%. The industry's estimated value will increase from US$ 9.1 billion in 2023 to US$ 13.5 billion in 2033.
The organic pet food market is expected to total US$ 2.0 Billion in 2022. As per the report, sales of organic pet food are projected to increase at a healthy CAGR of 7.4% during the forecast period, reaching US$ 4.0 Billion by 2032.
The functional beverage market size is projected to surpass a valuation of US$ 277,744 million by 2033. Our food and beverage analysts opine that functional beverage manufacturers can expect a CAGR of 5.4% through 2033.
The global organic acid market is expected to total US$ 11.3 Billion in 2022. Demand for organic acid is forecast to increase at a steady CAGR of 5.3%.
GCC Functional Food Market: The revenue generated from the sales of functional foods in GCC countries is estimated to be around US$ 30.9 Bn by 2032, and is projected to expand at a CAGR of 11% during the forecast period 2022-2032.
The global demand for convenience food is anticipated to rise at a CAGR of 7.2%. The market revenue is likely to be valued at US$ 591.5 million in 2022 and exhibit a revenue growth of US$ 1,138.8 million by 2033.
The global food preservatives market is estimated to attain a market valuation of US$ 2,965.62 million in the year 2023. The market is expected to register a CAGR of 6.8% to reach US$ 5,725.70 million by 2033.
The global halal food market size is projected to attain a valuation of USD 3,229,805.32 million by 2033.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
