The Global Organic Food Market was worth USD xx billion in 2016 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2021. Food produced without use of pesticides and fertilizers is called as organic food and this type of farming is called as organic farming. Organic farming techniques may vary worldwide but promotes ecological balance and conserve biodiversity. Generally organic foods contain large levels of antioxidants and certain micronutrients such as zinc, iron and vitamin C.
Foods covered under current organic standards are fruits and vegetables, including mushrooms, grains, legumes, nuts and seeds, dairy products and eggs, livestock feed, meats and poultry. Organic food is processed by certain standards of organic farming. These standards prohibit use of most synthetic fertilizers and pesticides, sewer sludge fertilizers, genetic engineering, growth hormones, irradiation, antibiotics, artificial ingredients and many synthetic additives. Organic livestock raised for dairy products, eggs and meat. The animals have access to the outdoors and given organic feed. They are not feed with growth hormones, antibiotics, or any animal by-products.
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Rising concerns about the environment and health benefits associated with organic foods are mainly driving the Global organic food. In addition, increasing average household annual spending on food, increase in chronic diseases, greater accessibility of these products through small to medium scale retailers, changing lifestyles, implementation of initiatives to encourage farmers to switch to organic farming, rising working women population base, rise in number of organic food manufacturers are also complying with international standards and are labelling their products are also driving the market. However, lack of skilled number of professionals and high cost equipment for farming re hindering the growth of the market.
The Global Organic Food can be segmented by the product type and region. On the basis of product type, the market can be segmented into fruits and vegetables, grains, meats and poultry, dairy products, livestock feed and others. Fruits and Vegetables have the largest market while meats and poultry are the fastest growing segments. On the basis of region, the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. North America followed by Europe dominated global organic food market and accounted for a cumulative revenue share of around 80% in 2016 due to well-developed distribution network and rising disposable income levels to ensure availability of a wide variety of organic food products. Asia Pacific predicted to have the highest growth rate due to the emerging economies and rise in population.
Some of the key players dominating the Global Organic Food Market are White Wave Foods, Spartan Stores Inc, Hain Celestial, United Natural Foods Inc., General Mills, AMCON Distributing Co., Sprouts Farmers Market, Amy’s Kitchen, Cliff Bar & Company, Whole Foods Market Inc., Dean Foods, and Organic Valley.
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Some Point from Table of Content:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
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