Organic food and beverage market to exceed USD 995.96

New York, U.S., May 12, 2022 (GLOBE NEWSWIRE) — Overview of the organic food and beverage market:

According to a comprehensive research report by Market Research Future (MRFR), “Organic Food and Beverages Market Insights by Type, Packaging Material, Distribution Channel and Region – Forecast to 2030”, the market is expected to acquire a size of over USD 995.96 billion by the end of 2030. The report further forecasts that the market will flourish at a healthy CAGR of over 14.80% during the period of ‘review.

Market scope:

Organic food and beverages refer to agricultural products produced or grown using organic farming practices. Organic farming undertakes practices that preserve biodiversity, maintain ecological balance and recycle resources. The global organic food and beverage market has witnessed tremendous growth over the past few years. The growth of the market is mainly attributed to the significant increase in awareness about the health benefits offered by these food products.

The market is expected to witness tremendous growth in the coming years. One of the major parameters driving the growth of the market is rising concern over the use of toxic chemicals in animal husbandry and agriculture and the adverse health effects on consumers. Consumers look for clean labels on items to learn more about the product they are about to eat. Their drive to recognize ingredients in food and beverage products has driven demand for the Clean Label product across the world. In addition, the increasing occurrence of chronic diseases such as cardiovascular diseases, diabetes and cancer in a growing world population, the increase in the tendency to become conscious of one’s health, the increase in the burden of infectious diseases and rising healthcare costs are also a few. aspects that are expected to catalyze the growth of the market over the coming years.

Competitive analysis

The global organic food and beverage market has prominent leaders such as:

  • General Mills Inc.
  • United Natural Foods Inc.
  • Dean Foods Company
  • The Kroger Company
  • Whole Foods Market Inc.
  • Starbucks Corporation
  • WhiteWave Food Company

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Covered USP market

Market factors

The global organic food and beverage market has witnessed a rapid increase in growth rate over the past few years. The growth of the market is mainly attributed to the rapidly growing awareness of the health benefits associated with these products and services. Along with this, knowledge of its concerns related to environmental issues and concerns associated with health risks associated with the consumption of inorganic and impure substances is also one of the crucial factors propelling the growth of the market. Health problems are solved by using organic products available in the market.

Market constraints

Apart from all the factors supporting the growth of the market, there are some aspects that are likely to restrain the growth of the market over the forecast period. One of the major impediments to the growth of the organic food and beverage market is that the target audience is dynamic and belongs to various income groups. The difference in income makes it difficult to buy these products.

Browse the in-depth market research report (110 pages) on organic food and beverages: https://www.marketresearchfuture.com/reports/organic-food-beverages-market-2524

Impact of COVID-19

The COVID-19 pandemic has affected the majority of industrial sectors around the world in recent times. With the rapid spread of infectious diseases around the world, people have a better understanding of the changes needed to adopt a healthier lifestyle and consume more organic products to stay healthy. Given this, the market has had a positive impact on the global health crisis. On the other hand, the increase in demand is unable to keep pace with the disruptions that are currently common in the supply chain mechanism of the organic food and beverage market products and services.

The changing lifestyle and eating habits of people across the globe are driving market leaders to produce the same and build a reliable and satisfied consumer base in the era of rating. In addition, governments in several parts of the world are organizing awareness campaigns, which help to present the necessary information related to the consumption and growing demand for organic food and beverage products. To increase the demand for organic products during the evaluation period, production is underway and brilliantly utilizing the growing investment for availability and product launches in the international market.

Sector analysis

The global organic food and beverages market has been bifurcated into various segments on the basis of market companies, final designation, and region.

The global Organic Food and Beverages market is bifurcated into Tier-1, Tier-2, and Tier-3 companies based on market companies. Among all, Tier 1 companies accounted for the largest market share, and the rest are split at a ratio of 3:2, respectively.

Based on the final designation, the global organic food and beverages market is divided into manager, manager, and C levels.

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Regional analysis

The global organic food and beverages market is studied across five major regions: Europe, Asia-Pacific, North America, Latin America, and Middle East & Africa.

The MRFR analysis suggests that the North American region is expected to secure the top spot in the global organic food and beverage market over the forecast period. Countries like Mexico, Canada, and the United States are likely to be major revenue pockets in the regional market.

The Asia-Pacific region is expected to grow at the fastest rate of over 22.9% CAGR during the assessment period. The growth of the regional market is mainly attributed to the growing awareness about the health benefits offered by these services and products in developing economies.

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