Jan 17, 2023
New report forecasts growth in global organic food market
A new report predicts a substantial rise in the global organic food market from 2023 to 2029.
The Global Organic Food Report 2023 by Marketwatch predicts a compound annual growth rate of 11.07% during that period.
The report forecasts the segment’s market size to reach a value of $327.8 million U.S. dollars by 2027, up from $174.6 million USD in 2021.
The report combines quantitative and qualitative analysis and ranges from a macro overview of the total market size, industry chain and market dynamics to micro details of segment markets by type, application and region.
The report also pinpoints key players in the organic food market, including The Kroger Co. Inc, Dean Foods, Organic Valley, Clif Bar & Co., Newman’s Own Inc., Frito-Lay, Whole Foods Market IP Inc. and Dole Food Co. Inc.
The analysis focuses on markets in North America, Europe and Asia-Pacific, South America, Middle East and Africa and categorizes the market based on manufacturers, regions, type and application.
In 2022, the organic market grew at a steady rate. Organic growers should be in the know about the growth trend for the forecast period for growing, sales and marketing purposes.