Global
Organic Food Market: Overview
In
today’s world where everything is powered by the latest
cutting-edge technology, farmers are heralding back to age-old
practices in agriculture for greater good of humankind on this
planet. This has been necessitated by a new crop of health-conscious
consumers increasingly aware about the harmful effects of chemicals
and other additives in food, farmers are now heralding back to
age-old farming practices to produce what is known as organic food.
From the seed to the soil or water and the final product, everything
that goes into bringing organic food to the table is natural and free
from pesticides, chemicals, and fertilizers.
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On
account of the antiquated methods used, organic food takes longer to
produce and requires more care. As a result, they cost more than
other foods that are produced in less amount of time with the use of
various chemicals and fertilizers. Consumers who consider health to
be of paramount importance, however, do not mind shelling out a
little more for organic food products. According to the Transparency
Market Research report, the global market for organic food will
likely expand at a healthy rate in the coming years, especially in
developed regions.
Global
Organic Food Market: Drivers and Trends
Besides
discerning consumers, an important factor driving the growth of the
market are concerns about the environment. Pesticides used to thwart
pests ranging from bacteria, insects, mites, and mollusks to
birds and rodents that not just make their way into the human body
but also accumulate in the soil and water. This damages the
environment and hence, by consuming inorganic food, humans contribute
to environmental degradation.
Organic
food, on the other hand, is produced by farmers through reusable
resources, limiting the use of harmful pesticides and chemicals in
food. They are usually cultivated in small, family-run farms, wherein
preservation of the quality of soil and water is of utmost importance
so that future generations inherit fertile lands. Farmers also follow
crop rotation methods to retain the fertility of the soil. Such form
of farming reduces the toxic load on the environment. As a result,
governments in many nations are funding organic farming. This,
coupled with many private players foraying into the field as well as
growing population pressure, has majorly boosted the market so far.
Global
Organic Food Market: Geographical Outlook
On
the basis of geography, the global
organic food market can be divided into Asia Pacific, North
America, Europe, and the Rest of World. Among them, Europe has been
leading the market with the maximum amount of revenue. Economies in
North America are expected to grow at a good clip too due to the
substantial purchasing of the large middle class population there. It
is the Rest of the World and Asia Pacific, however, that are
predicted to outpace the two continents in terms of growth rate.
Developed countries
such as Japan, South Korea, Switzerland, the U.S., and Germany
have so far witnessed maximum demand for organically grown food.
Key
Players Mentioned in the Report
Some
of the key players in the global market for organic food are Spartan
Stores Inc, Hain Celestial Group Inc., United Natural Foods Inc.,
AMCON Distributing Co., Amy’s Kitchen, Whole Foods Market Inc.,
Clif Bar & Company, The Kroger Co., Inc, Dole Food Co., Inc.,
Frito-Lay, Newman’s Own, Inc., Dean Foods, and Organic Valley.
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