Organic Food Market Research Reports, Analysis & Trends
Organic food industry comprises companies that produce, manufacture, distribute and supply the foods that are grown following organic methods. The organic food industry has grown at a rapid pace in the last decade with the effective strategic marketing, increased awareness of the benefits of consumption of organic produce, positive promotional campaigns and efficient demand and supply have made the organic food, farming and agriculture to be of the new found growing force in the 21st century. Global population is slowly but steadily inclining towards adapting and adopting organic measures for the beneficial qualities that organic agriculture and organic food bring, in terms of better health, economically viable and advantageous factors of consumption of organic food.
Organic agricultural has an immense potential for good growth with profitable and sustainable business possibility, mainly for agricultural producers that are interested in going through the necessary process of growing, cultivating and mainly the certification to enter this market. Globally, the organic agriculture makes up less than 1% of the world's farming acreage with 37.2 million hectares planted worldwide across 162 countries, that is approximately a third of the world's agricultural land and more than 80% of the producers are in developing countries and emerging markets, such as China, India and Brazil. In European demographic, Germany and France are the dominant markets for organic food and Switzerland, Denmark and Luxemburg consume the most organic food per capita. In the North American demographic, the US has generated the revenues that amount to $31.5 billion in sales, which is a mammoth rise of 9.5% from 2011. To sum up the area of land and used for organic agriculture, surprisingly, Australia leads the world in organic acreage with 12 million hectares, and it is followed by Argentina with 3.8 million hectares, and the US comes in third with 1.9 million hectares. Organic agriculture's share of total agricultural land is highest in the Falkland Islands with 35.9%, Liechtenstein with 27.3%, and Austria with 19.7%. According to the International Federation f Organic Agriculture Movements (IFOAM), the organic food is a $63 billion industry globally.
Current Market Trends in Organic Foods
The organic food in processed using a different method and discipline, for example- the organic agricultural produce is grown in soil farmed without any use of pesticides, fertilizers and chemicals. The organic foods are produced keeping in mind the potential harmful practices such as irradiation and genetic engineering cause. Organic foods are grown as a clean process and clean consumption unlike the major other practices in the world that supply agricultural produce who's growth is enhanced chemically and which contains a large amounts of deadly and fatal chemicals on the produce.
The global market for organic food is expected to exceed the value of approximately $88 billion by the end of 2015, according to MarketLine, and it is also estimated that organic food has grown more than approximately per year starting from 2002 and until 2011. The organic food industry as a whole has grown over 170% since then. In the organic food segment, fruits and vegetables represent the leading segment with over 30% of the overall market revenue. North American demographic represents close to 55% of the organic food market globally. Similarly, many other food industry sectors, the organic food market was hit by the global financial crisis as well, as consumers prioritized budgets over other health or beneficial concerns.
Major Players In Organic Food Sector
Major players in the organic food industry include 365 Everyday Value, Amy's Kitchen, Carrefour, Earth's Best, Eden Foods, Frontier Natural Products Co-Op, Green and Blacks, Organic Valley, Tree of Life Inc, United Natural Food Inc, and Wild Oats.