
A recent market research report by Meticulous Research forecasts substantial growth in the global organic food market.
The sector is expected to reach a value of USD324.1bn by 2031, growing at a CAGR of 10.1% during the forecast period.
Several factors are driving this market expansion, including an increasing number of health-conscious consumers, rising demand for clean-label products, and support from both government and non-government organizations for organic farming. Additionally, changing lifestyles and growing disposable incomes are anticipated to create further opportunities for market growth.
The report segments the market by type, with fruits and vegetables projected to hold the largest share at 27.7% in 2024. This segment is also expected to experience the highest CAGR during the forecast period. The rapid growth in this category is attributed to rising health and wellness trends, increased demand for fresh organic products, and a growing variety of organic offerings across various sales channels.
In terms of distribution channels, e-commerce is predicted to show the most rapid growth, with a CAGR of 15.3% during the forecast period. This growth is driven by the convenience of online shopping, greater discounts compared to physical stores, increasing preference for personalization, and a wider product selection experience.
Among process categories, unprocessed organic foods are expected to dominate the market. This leadership is attributed to an expanding vegetarian population, growing demand for minimally processed organic products, and consumer concerns about additives in processed foods.
Find out more at: https://www.meticulousresearch.com/