The global Organic Food and Beverages market size is expected to reach USD 530.79 billion by 2030 according to a new study by Polaris Market Research. The report “Organic Food and Beverages Market Share, Size, Trends, Industry Analysis Report, By Distribution Channel (Specialty Stores, Supermarket/Hypermarket, Convenience Stores, Online Sales Channel, Others); By Product; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Government involvement in assisting customers in distinguishing between falsely labeled and authentic products has also aided overall industry development. Furthermore, the Indian government encourages natural growth by providing incentives to organic food & beverages producers under the National Horticulture Mission. Farmers in India are being awarded INR 10,000 per hectare, as well as INR 5 lacs for organic farming certification for a group of farmers covering 50 hectares.
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Further, various state and federal governments are constantly issuing legislation for food and beverages inspections to provide chances in the global organic food and beverages industry over the forecast period. EFSA for example keeps track of whether labeling is being used in the EU to confuse customers about a product's nutrient quality. The EFSA analyses nutritional value regularly to guarantee accurate labeling. To guarantee transparency and efficacy, regulatory agencies have set tough labeling standards for the natural food and beverages business.
Based on the distribution channel, the online distribution channel segment accounted for the leading share in the industry. The increasing adoption of online grocery and online delivery platforms around the world, combined with the rise in smartphone use and the number of internet users, are likely to accelerate the expansion of the online sales channel sector in the industry.
Industry players such as Hain Celestial, Conagra Brands, Inc., Dairy Farmers of America, Inc., Danone, Eden Foods, General Mills Inc., Amy’s Kitchen, Inc., Gujarat Cooperative Milk Marketing Federation (Amul), Nestlé, Organic Valley, SunOpta, THE HERSHEY COMPANY, United Natural Foods, Inc., Dole Food Company, Inc, and Whole Foods Market L.P. are some key players operating in the industry.
In October 2021, The Kraft Heinz Company has completed the acquisition of Assan Foods from Kibar Holding, a privately held Turkish business. With this acquisition, the company hopes to broaden its foreign market horizons while focusing on taste enhancement and culinary service.
Polaris Market Research has segmented the organic food and beverages market report based on product, distribution channel, and region:
Organic Food and Beverages, Product Outlook (Revenue - USD Million, 2018 - 2030)
Organic Food and Beverages, Distribution Channel Outlook (Revenue - USD Million, 2018 - 2030)
Organic Food and Beverages, Regional Outlook (Revenue - USD Million, 2018 - 2030)