New report forecasts growth in global organic food market
A new report predicts a compound annual growth rate of 11.07% 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.
A new report predicts a compound annual growth rate of 11.07% in the global organic food market from 2023 to 2029. Image: Provided
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 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.