Global Organic Food Market Will Grow at a CAGR of 15.5% to 2025 Organic Food Market | Page 2
BlueWeaveConsulting
According to a new market report published by BlueWeave Consulting, The Global
Organic Food Market was valued at US$ 89.80Billion in 2016 and is expected to
expand at a CAGR of 15.5% from 2018 to 2024, reaching US$375.98 Billion by the
end of the forecast period. According to the report, North America was the largest
contributor in terms of revenue to the global organic food market in 2016.
Organic food products are not only suitable for healthy human growth and well-being but
also helps to maintain the balance of the ecosystem since the process of organic farming
does not create any problem to the soil and prevents water contamination as well due to the
avoidance of the use of synthetic inputs in the agriculture that helps to maintain the natural
balance of the within the ecosystem and protects dominance of some species over the
others. Organic Food production also helps to fight the issue of global warming to some
extent because these products are mainly distributed locally which means consumption of
less energy on transportation.
The rising awareness towards health and food safety among the consumers across
the globe is driving the global organic food market
Organic food products are safer than the widely available ones because there is no
utilization of fertilizers, pesticides, fungicides, etc. when they are grown. Moreover, there
are no traces of chemicals on the cultivation land and the organic animals are also raised
without pushing antibiotics or hormones into their system. Organic food products cost 15 to
35 percent more than other products as supply is not being distributed uniformly. Storage
cost of these products is also high and certification for growing these products, per acre
costs INR 50,000. However, the working Parents are very concerned about the health of
their children and willing to spend more to ensure that they get better and safer food than
conventional adulterated food.
The key drivers for the global organic food market are increasing per capita income,
growing awareness among consumers for health and food safety, emerging concerns for the
environmental issues, major lifestyle changes among the younger age-group. The presence
of pesticides in food products results in a number of diseases like asthma, birth defects,
cancer, reproductive dysfunction, diabetes, autism, Parkinson’s and Alzheimer’s diseases
and much more. The organic food his thus been grown without the usage of genetically
modified toxic chemicals, organisms, fertilizers or pesticides. Moreover, Organic farming is
mainly dependent on animal and green manure for the fertilization of crop; water-soluble
mineral fertilizers are usually not approved.
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Global Organic Food Market: Scope of the Report
The global market for organic food is segmented on the basis of the food type, channel of
product and geography. On the basis of food type, the market is segmented into dairy,
Bakery products, Fruits & vegetables, Snacks food, Meats/fish & poultry, Sauce &
condiment, Processed food, Packaged Food and Other food categories like Beverages. As per
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