2014 – 2024 GLOBAL ORGANIC FOOD MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING Scope of Report Product of Interest (POI): Organic Food Global organic food market is projected to grow at a formidable rate during the forecast period. Growing awareness regarding health benefits of organic food consumption, rising per capita spending on organic food products and increasing health concerns are expected to drive global organic food market in the coming years. Continuing product innovations and aggressive marketing strategies adopted by major players and online retailers would positively influence the global organic food market during the forecast period. Market Segmentation DISTRIBUTION CHANNEL • Store-based Retail • Non-Store-based Retail PRODUCT TYPE • Fruits & Vegetables • Meat • Poultry & Dairy • Processed Food • Others Year Range REGION • Asia-Pacific • Europe • North America • South America • Middle East & Africa Review Period 2014 – 2017 Base Year 2018 Estimated Year 2019 Forecast Period 2020 – 2024 2 Table of Contents S. No. Contents 1. Product Overview 2. Research Methodology 3. Executive Summary 4. Voice of Customer 5. 4.1. Brand Awareness (Aided/Unaided) 4.2. Brand Recall 4.3. Product Awareness 4.4. Unmet Needs/Challenges Page No. Global Organic Food Market Outlook 5.1. Market Size & Forecast 5.1.1. 5.2. 5.3 By Value Market Share & Forecast 5.2.1. By Product Type (Fruits & Vegetables; Meat; Poultry & Dairy; Processed Food; Others) 5.2.2. By Distribution Channel (Store-based Retail; Non-Store-based Retail) 5.2.3. By Region (Asia-Pacific; Europe; North America; South America; Middle East & Africa) 5.2.4 By Company (2018) Market Attractiveness Index 3 Table of Contents S. No. 6. Contents Page No. Asia-Pacific Organic Food Market Outlook 6.1. Market Size & Forecast 6.1.1. 6.2. 6.3. By Value Market Share & Forecast 6.2.1. By Product Type 6.2.2. By Distribution Channel 6.2.3. By Country (China; India; Japan; South Korea; Australia) China Organic Food Market Outlook 6.3.1. Market Size & Forecast 6.3.1.1. 6.3.2 6.4. By Value Market Share & Forecast 6.3.2.1. By Product Type 6.3.2.2. By Distribution Channel India Organic Food Market Outlook 6.4.1. Market Size & Forecast 6.4.1.1. 6.4.2 By Value Market Share & Forecast 4 Table of Contents S. No. Contents 6.5. 6.4.2.1. By Product Type 6.4.2.2. By Distribution Channel Japan Organic Food Market Outlook 6.5.1. Market Size & Forecast 6.5.1.1. 6.5.2 6.6. By Value Market Share & Forecast 6.5.2.1. By Product Type 6.5.2.2. By Distribution Channel South Korea Organic Food Market Outlook 6.6.1. Market Size & Forecast 6.6.1.1. 6.6.2 6.7. Page No. By Value Market Share & Forecast 6.6.2.1. By Product Type 6.6.2.2. By Distribution Channel Australia Organic Food Market Outlook 6.7.1. Market Size & Forecast 6.7.1.1. 6.7.2 By Value Market Share & Forecast 5 Table of Contents S. No. 7. Contents 6.7.2.1 By Product Type 6.7.2.2. By Distribution Channel Page No. Europe Organic Food Market Outlook 7.1. Market Size & Forecast 7.1.1. 7.2. 7.3. By Value Market Share & Forecast 7.2.1. By Product Type 7.2.2. By Distribution Channel 7.2.3. By Country (United Kingdom; Italy; France; Germany; Spain) United Kingdom Organic Food Market Outlook 7.3.1. Market Size & Forecast 7.3.1.1. 7.3.2 7.4. By Value Market Share & Forecast 7.3.2.1. By Product Type 7.3.2.2. By Distribution Channel Italy Organic Food Market Outlook 7.4.1. Market Size & Forecast 7.4.1.1. By Value 6 Table of Contents S. No. Contents 7.4.2 7.5. Market Share & Forecast 7.4.2.1. By Product Type 7.4.2.2. By Distribution Channel France Organic Food Market Outlook 7.5.1. Market Size & Forecast 7.5.1.1. 7.5.2 7.6. By Value Market Share & Forecast 7.5.2.1. By Product Type 7.5.2.2. By Distribution Channel Germany Organic Food Market Outlook 7.6.1. Market Size & Forecast 7.6.1.1. 7.6.2 7.7. Page No. By Value Market Share & Forecast 7.6.2.1. By Product Type 7.6.2.2. By Distribution Channel Spain Organic Food Market Outlook 7.7.1. Market Size & Forecast 7.7.1.1. 7.7.2 By Value Market Share & Forecast 7 Table of Contents S. No. 8. Contents 7.7.2.1. By Product Type 7.7.2.2. By Distribution Channel Page No. North America Organic Food Market Outlook 8.1. Market Size & Forecast 8.1.1. 8.2. 8.3. By Value Market Share & Forecast 8.2.1. By Product Type 8.2.2. By Distribution Channel 8.2.3. By Country (United States; Mexico; Canada) United States Organic Food Market Outlook 8.3.1. Market Size & Forecast 8.3.1.1. 8.3.2 8.4. By Value Market Share & Forecast 8.3.2.1. By Product Type 8.3.2.2. By Distribution Channel Mexico Organic Food Market Outlook 8.4.1. Market Size & Forecast 8.4.1.1. By Value 8 Table of Contents S. No. Contents 8.4.2 8.5. Market Share & Forecast 8.4.2.1. By Product Type 8.4.2.2. By Distribution Channel Canada Organic Food Market Outlook 8.5.1. Market Size & Forecast 8.5.1.1. 8.5.2 9. Page No. By Value Market Share & Forecast 8.5.2.1. By Product Type 8.5.2.2. By Distribution Channel South America Organic Food Market Outlook 9.1. Market Size & Forecast 9.1.1. 9.2. 9.3. By Value Market Share & Forecast 9.2.1. By Product Type 9.2.2. By Distribution Channel 9.2.3. By Country (Brazil; Argentina; Colombia) Brazil Organic Food Market Outlook 9 Table of Contents S. No. Contents 9.3.1. Market Size & Forecast 9.3.1.1. 9.3.2 9.4. By Value Market Share & Forecast 9.3.2.1. By Product Type 9.3.2.2. By Distribution Channel Argentina Organic Food Market Outlook 9.4.1. Market Size & Forecast 9.4.1.1. 9.4.2 9.5. Page No. By Value Market Share & Forecast 9.4.2.1. By Product Type 9.4.2.2. By Distribution Channel Colombia Organic Food Market Outlook 9.5.1. Market Size & Forecast 9.5.1.1. 9.5.2 By Value Market Share & Forecast 9.5.2.1. By Product Type 9.5.2.2. By Distribution Channel 10 Table of Contents S. No. 10. Contents Page No. Middle East & Africa Organic Food Market Outlook 10.1. Market Size & Forecast 10.1.1. 10.2. 10.3. By Value Market Share & Forecast 10.2.1. By Product Type 10.2.2. By Distribution Channel 10.2.3. By Country (UAE; Saudi Arabia; South Africa) UAE Organic Food Market Outlook 10.3.1. Market Size & Forecast 10.3.1.1. 10.3.2. 10.4. By Value Market Share & Forecast 10.3.2.1. By Product Type 10.3.2.2. By Distribution Channel Saudi Arabia Organic Food Market Outlook 10.4.1. Market Size & Forecast 10.4.1.1. 10.4.2. By Value Market Share & Forecast 11 Table of Contents S. No. Contents 10.5. 10.4.2.1. By Product Type 10.4.2.2. By Distribution Channel South Africa Organic Food Market Outlook 10.5.1. Market Size & Forecast 10.5.1.1. 10.5.2. 11. Page No. By Value Market Share & Forecast 10.5.2.1. By Product Type 10.5.2.2. By Distribution Channel Market Dynamics 11.1. Drivers 11.2. Challenges 12. Market Trends & Developments 13. Competitive Landscape 14. Strategic Recommendations 15. About Us & Disclaimer 12 RESEARCH METHODOLOGY Research Methodology Market Profiling In-depth secondary research was conducted to determine top players in the global organic food market, overall market size and segmental market size. Formulating Questionnaire In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. Developing List of Respondents Data Collection Data Validation Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. List of industry players and industry specialists was developed. Primary Research Data Collection Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution LinkedIn TechSci Internal Database ✓ Recent Developments ✓ Market Changing Aspects/Dynamics ✓ Government Policies ✓ Conclusion ✓ Identifying Key Opinion Leaders ✓ Questionnaire Design ✓ In-depth Interviews Primary Research ✓ ✓ Desk Research Secondary Research ✓ ✓ ✓ ✓ ✓ ✓ ✓ Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Data Analysis The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about the global organic food market. Company Analysis ✓ Market Participants ✓ Key Strengths Paid Sources ✓ ✓ Factiva Hoovers 14 Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global organic food market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as growing awareness regarding health benefits of organic food consumption, rising per capita spending on organic food products and increasing health concerns. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global organic food market. Methodology Followed for Calculation of Market Size: • Market Size by Value: Market size, in terms of value, for the year 2018 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as organic food companies, channel partners, market influencers & end users, industry experts, and other industry participants. • The team interviewed more than 15 – 20 organic food companies, 100 – 120 end users, and 15 – 20 industry experts and other value chain stakeholders in the global organic food market to obtain the overall market size from 2015 to 2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during 2015-2019. 15 Research Methodology • Respondents were asked about the current and future market growth rates, market shares by product type, by distribution channel, by region, and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: Market shares by product type, by distribution channel, by region, and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of organic food market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software. • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global organic food market, TechSci Research used various forecast techniques such as: ✓ Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis 16 Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with the market size indicated in USD million. Partial List of Companies Interviewed ▪ Danone S.A ▪ The Hain Celestial Group Inc. Key Secondary Sources ▪ World Bank ▪ TechSci Research Proprietary Database & Knowledge ▪ Edeka Group Repository ▪ General Mills ▪ Sprouts Farmers Market ▪ Company Annual Reports ▪ United Natural Foods Inc ▪ Industry Magazines ▪ Nature's Path ▪ Industry Reports ▪ Amy's Kitchen ▪ News Dailies ▪ Organic Valley ▪ Credible Paid Databases ▪ 13.2.10. Newman's Own 17 INDUSTRY BRIEF According to TechSci Research report, “Global Organic Food Market By Product Type, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2024”, the global organic food market is projected to grow at a CAGR of over 11% during 2019-2024, on the back of growing consumer consciousness towards healthy and natural food products coupled with rising availability of a variety of organic food products to choose from through retail as well as online channels. Moreover, increasing disposable income coupled with growing awareness about health benefits of organic food products, in major developing nations like China and India, is further expected to boost the organic food market in the coming years. Consumers across the globe are becoming increasingly health conscious, which has resulted in a change in their tastes and preferences. A growing number of consumers are moving towards consumption of organic food in place of conventional food, to avoid adverse health effects caused by chemical preservatives or genetically modified ingredients present in inorganic food. Moreover, the increasing popularity of organic products has significantly expanded the availability of organic food across the globe over the last decade. With organic food becoming easily accessible, global organic food market is expected to witness robust growth during the forecast period. In terms of distribution channel, global organic food market is categorized into store-based retail and non-store-based retail. Store-based retail accounted for the major share in global organic food market and is expected to maintain its dominance during the forecast period as well due to highly developed modern retail stores and well-established distribution channel in the developed economies. Non-store-based retail is expected to exhibit higher growth rate owing to growing popularity of the e-commerce market across geographies. Availability of exclusive offers, a variety of options to choose from different product categories, subscription packages and heavy discounts on e-commerce, is further expected to surge the demand for organic food from non-store-based retail across the globe. “Global organic food market is anticipated to register healthy growth during forecast period. Unlike conventional food, organic food products are produced without using any kind of pesticides or fertilizers, which results in high cost of these products. Although high prices of organic food products is a barrier for consumers, the global organic food manufacturers are working towards reducing the existing price difference between organic and inorganic food. Moreover, as demand for organic food products increases, product innovations and economies of scale would result in reduced cost of production, further driving consumption of organic food market over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 18 SAMPLE DATA - SNAPSHOT Global Organic Food Market Size, By Value (USD Million), 2014–2024F 5.00 2014 7.00 6.00 8.00 CAGR By Value XX% 9.00 10.00 2018 2019E 11.00 13.00 12.00 14.00 CAGR By Value 2024F YY% By Value (USD Million) 15.00 Europe Organic Food Market Share, By Distribution Channel, By Value, 2014–2024F Non-Storebased Retail Store-based Retail 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 2014 2015 2016 2017 2018 2019E 2020F 2021F 2022F 2023F 2024F Germany Organic Food Market Share, By Product Type, By Value, 2014–2024F Fruits & Vegetables 2024F 2023F 2022F 2021F 2020F 2019E 2018 2017 2016 2015 2014 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% Meat 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% Poultry & Dairy 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% Processed Food 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% Others 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 19 REPORT ORDERING Report Name: GLOBAL ORGANIC FOOD MARKET FORECAST & OPPORTUNITIES 2014 – 2024 License Type Price Electronic Access - Single User License $4450 Electronic Access - Multi-User License $5450 Custom Research License $9450 To View Sample OR Purchase Report 20 About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports • India Organic Food Market By Product Type (Organic Beverages, Organic Cereal & Food Grains, Organic Meat, Poultry & Dairy, Organic Spices & Pulses, Organic Processed Food & Others), Competition Forecast & Opportunities, 2025 • India Online Grocery Market By Category (Packaged Food & Beverages, Personal Care, Household Products, Fruits & Vegetables, Others), By Platform (Mobile Application & Desktop Website), By Region, By Company, Competition, Forecast & Opportunities, 2024 TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. 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