Amplification: Huge Demand due to covid-19 impact on Organic Food Market till 2026
Pune, Maharashtra,India, November 9 2020 (Wiredrelease) Origius Systems Private Limited –:Research Dive has recently published a report titled “Organic Food Market, by Food Type (Fruit & Vegetables, Meat, Fish & Poultry, Dairy Products, Frozen & Processed Foods and Others), Regional Outlook (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026”
The global organic food market recorded a revenue of $162,036.7 million in 2019 and is further estimated to generate a revenue of $416,049.7 million at a CAGR of 12.4% in the forecast period.
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North America region market is predicted to have the maximum market share in the estimated period. North America market accounted for $59,305.4 million in 2019 and is predicted to rise with a CAGR of 13.1% in the forecast period. Increasing demand of organic food among the population is predicted to be the biggest driving factor for the global market in the estimated period.
Key Segments of the Market
The report has divided the market based on food type, and regional analysis.
By food type, fruits and vegetables segment will be the most lucrative. Fruits and vegetable generated a revenue of $63,549.4 million in 2019 and is further expected grow with a CAGR of 12.1%. The rising demand of organic fruits and vegetables across the globe is predicted to enhance the growth of the market during the forecast period. By region, North America will garner the highest revenue during the forecast period. The main factor behind this growth is expected to be the increasing demand of organic food among the young population in the region.
The cultivation process of organic food does not use any kind of fertilizer, chemical pesticides, or preservatives. Organic food is using produced natural resources. There are many health benefits of organic food. This is the reason the popularity of organic food has increased in recent years.
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However, production cost of the organic food is higher than the traditional food because of labor inputs and greater diversity of enterprises. This is going to be the biggest restraint for the global market during the forecast period.
Key Players of the Market
As per the report, the leading players of the global organic food market include
• Organic Valley.,
• Dean Foods,
• Dole Food Co., Inc.,
• Newman’s Own, Inc.,
• Whole Foods Market IP. L.P.,
• The Kroger Co., Inc.
• Clif Bar & Company
The report also recapitulates many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments.
Whole Foods Market IP. L.P is acquired by Amazon in 2019. The strategic intent behind the potential acquisition by Amazon is aimed at leveraging the best of both online and brick & mortar markets.
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Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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