Rockville, Dec. 19, 2022 (GLOBE NEWSWIRE) -- According to this recently published industry report by Fact.MR, a provider of market research and competitive intelligence, the global organic foods & beverages market is valued at US$ 258 billion in 2022 and is estimated to expand at a CAGR of 14.1% through 2032.
Rising demand for clean-label foods & beverages is estimated to serve as one of the vital factors boosting growth opportunities in the global market. In addition, people around the world are demanding sustainable healthy beverages due to rising health-consciousness. Increasing frequency of chemical poisonings across the world is turning people towards healthy eating habits, which is stimulating demand for natural food products.
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The recent pandemic had a tremendous impact on the demand for organic food and beverages. Rising awareness about the importance of strong immune systems is also estimated to bring alterations to purchasing patterns with people demanding more natural and organic food products.
On the flip side, the high operating costs of manufacturing organic foods & beverages due to rising labor costs along with high material prices are anticipated to dent market expansion to some extent. Further, the comparatively shorter shelf life of these products is also anticipated to have an adverse impact on market growth.
Key Takeaways from Market Study
- Demand for organic foods & beverages is set to increase at a CAGR of 14.1% through 2032.
- The market in Germany is likely to progress at a CAGR of 10.3% through 2032.
- The anticipated growth rate of online distribution channels is 13.8% CAGR through 2032.
- Sales of organic foods & beverages is predicted to reach US$ 970 billion by 2032.
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Winning Strategy
Domestic and international participants are present in the global food & beverages market. Key players are incorporating various strategies to enhance their product portfolio in the market.
For instance,
- The Kraft Heinz Company in June 2021 announced its acquisition of Assan Foods. The acquisition will provide assistance to the company to expand its horizon across the international market with a concentration on taste elevation as well as food service.
- Amy’s Kitchen in November 2022 announced the opening of a new pizza production facility in San Jose, California.
Competitive Landscape
Some of the key initiatives that are taken to increase the sales of organic foods & beverages include :
- Danone acquired Your Heart in February 2021. Your Heart is a prominent plant-based pioneer player. The objective of this acquisition is to expand business along with the introduction of different organic products to match the rising market demand. Further, Danone is also trying to maintain its dominance in the global market.
- General Mills Inc. in the year 2021 acquired Tyson Foods which is an American multinational corporation. The latter is the second-largest marketer as well as the processor of pork, beef, and chicken around the globe. Reshaping the company portfolio is one of the key strategies behind this acquisition for business expansion.
- Amy’s Kitchen in April 2020 launched new gluten-free pizzas that are packed with vegetables. These newly launched pizzas feature crust that is made from broccoli, sweet potato, and organic cauliflower topped with slow-simmered mozzarella cheese and tomato sauce. These pizzas are also available in spinach and cheese varieties.
Key providers of organic foods & beverages include Albertsons Companies, Inc., The J.M. Smucker Co., Belvoir Fruit Farms Ltd., Organic Valley, Danone S.A., Newman’s Own, and Hain Celestial Group, Inc.
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Key Companies Profiled
- Albertsons Companies, Inc.
- The J.M. Smucker Co.
- Belvoir Fruit Farms Ltd.
- Organic Valley
- Danone S.A.
- Newman’s Own
- Hain Celestial Group, Inc
Segmentation of Organic Foods & Beverages Market
- By Product :
- Fruits & Vegetables
- Meat
- Fish & Poultry
- Dairy Products
- Frozen & Processed Foods
- Beverages
- Others
- By Distribution Channel :
- Offline
- Online
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global organic foods & beverages market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the market on the basis of product type (fruits & vegetables, meat, fish & poultry, dairy products, frozen & processed foods, beverages, others) and distribution channel (online and offline), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).
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Dairy Based Beverages Market - Consumers prefer non-dairy based beverages with the minimal amount of fats and carbohydrates. Some nutritious alternative for dairy based beverages is significantly replacing dairy products as they contain a large amount of cholesterol. Soy milk and its products are also an alternative for dairy based beverages, hampering its growth. Contamination of dairy based beverages is very easy through bacteria from animals, utensils used and insects.
Low-Fat Low-Cholesterol Foods Market - Increasing awareness of the link between diet and health for wellbeing in the consumers across the world showing inclined shifting towards the consumption of Low-fat low-cholesterol Foods. More than half of the young population consumers aged from 18 to 35 are conscious about physical fitness and long-term health so that they prefer Low-fat low-cholesterol Foods to stay fit. This elevates the demand for products across the world in this period.
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