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Global Organic Food market, 2024

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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
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Price
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$4450
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$5450
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$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.
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•
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Disclaimer
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or
complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand.
However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results
obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together
with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal
consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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