Organic Food and Beverages Market Growth Report by 2031
The organic food and beverages market size is projected to reach US$ 670 billion by 2031 from US$ 290 billion in 2023. The market is expected to register a CAGR of 11.6% during 2023–2031. The rising awareness regarding the health benefits of organic food and beverages is likely to remain a key trend in the market.
Organic Food and Beverages Market Analysis
Rising demand for convenience food products and strategic initiatives by key players in the market are major factors contributing to the market growth. Further, the growing adoption of organic, gluten-free products is creating a growth opportunity for the market. However, stringent government regulations to be followed by manufacturers and ingredients used in the products may hamper the growth of the organic food and beverages market during the forecast period.
Organic Food and Beverages Market Overview
Organic food and beverages are grown without any chemicals, hormones, pesticides, or genetically modified organisms. These products are free from artificial food additives such as sweeteners, colors, and artificial flavors. The demand for organic food and beverages has surged owing to consumers' growing consciousness of health and wellness. Consumers are more inclined towards adopting these products owing to their perceived health benefits, such as reduced exposure to pesticides and chemicals. In addition, increasing consumer preference for clean-label products is further contributing to the organic food and beverages market growth.
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Organic Food and Beverages Market: Strategic Insights
Market Size Value in US$ 260 billion in 2022 Market Size Value by US$ 600 billion by 2030 Growth rate CAGR of 11.6% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Organic Food and Beverages Market: Strategic Insights
| Market Size Value in | US$ 260 billion in 2022 |
| Market Size Value by | US$ 600 billion by 2030 |
| Growth rate | CAGR of 11.6% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Organic Food and Beverages Market Drivers and Opportunities
Strategic Initiatives by Key Market Players to Favor Market
Strategic initiatives key manufacturers adopt in the market propel the market growth. With the growing consumer inclination towards organic food and beverages, key players are engaged in introducing and launching new products as per consumers' taste preferences. For instance, in March 2022, Kayco Beyond announced the launch of Wonder Lemon, a 100 % organic cold-pressed juice with zero added sugar. The launch aimed to expand the geographical reach and growing demand for organic beverages
Proliferation of E-Commerce
The proliferation of e-commerce presents a significant opportunity for growth and expansion in the global organic food and beverages market. With the increasing popularity and convenience of online shopping, e-commerce platforms provide organic food and beverage producers with a direct channel to reach consumers worldwide. By leveraging e-commerce platforms, organic food and beverage manufacturers can overcome traditional barriers to entry, such as geographic limitations and distribution challenges, and tap into new markets beyond their local regions. This expanded reach enables organic food and beverage producers to access a broader customer base and capitalize on the growing demand for organic products globally.
Organic Food and Beverages Market Report Segmentation Analysis
Key segments that contributed to the derivation of the organic food and beverages market analysis are type, and distribution channel.
- Based on type, the organic food and beverages market is divided into food and beverages. Fruits and vegetables; meat, poultry and seafood; cereals and grains; dairy products; and others are subsegments under the food segment. Juices and smoothies; tea and coffee; and others are subsegments under the beverage segment.
- In terms of distribution channel, the market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others.
Organic Food and Beverages Market Share Analysis by Geography
The geographic scope of the organic food and beverages market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the market. In North America, the demand for organic food and beverages has increased significantly owing to changing consumer preferences, and dietary habits have evolved. The shift in consumer preferences has prompted manufacturers to innovate and offer a broader range of organic food and beverage choices, contributing to increased demand. For instance, in July 2020, Chipotle Mexican Grill announced the plan to introduce new non-GMO and organic certified Lemonades, Aguas Frescas, and Tea. The launch was aimed to cater to the growing demand for organic beverages in the region. The demand for organic food and beverages in Asia Pacific has surged due to growing urbanization trends and changing lifestyles.
Organic Food and Beverages Market Report Scope
Organic Food and Beverages Market News and Recent Developments
The organic food and beverages market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the organic food and beverages market are listed below:
- With a vision to offer genuine organic wellness products and solutions for conscious and healthy living, Organic India, on the side-lines of International Tea Day, launched new and exciting variety of tea like Tulsi Detox Kahwa and infusions such as Peppermint Refresh, Moringa hibiscus, and Simply Chamomile. (Source: Newsletter, May 2022)
Organic Food and Beverages Market Report Coverage and Deliverables
The "Organic Food and Beverages Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Organic food and beverages market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Organic food and beverages market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Organic food and beverages market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the organic food and beverages market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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Nestle SA; Kraft Heinz Co; ConAgra Brand, Inc.; PepsiCo Inc.; General Mills Inc.; The J.M. Smucker Company; Amy's Kitchen, Inc.; Dairy Farmers of America, Inc.; Organic Valley; and Dole Food Company, Inc. are some the prominent players operating in the global organic food and beverages market.
The global organic food and beverages market is estimated to register a CAGR of 11.6% during the forecast period 2023–2031.
Rising demand for convenience food products and strategic initiatives by key players in the market are major factors contributing to the market growth.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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