Organic Fruit and Vegetables Market Share, Growth, Revenue, Emerging Trends, CAGR Status, Future Opportunities and Forecast till 2023-2033: SPER Market Research
A market dedicated to the cultivation and sale of fresh produce following organic agricultural principles is referred to as an organic fruit and vegetable market. Organic farming, a technique aimed at producing food without synthetic pesticides, fertilizers, or genetically modified organisms (GMOs), is adopted to safeguard biodiversity and maintain ecological equilibrium. Products bearing the organic seal indicate that specific methods were employed in their production. The organic approach to cultivating fruits and vegetables involves nurturing plants and crops without the use of pesticides throughout the entire growth cycle. The increasing consumer awareness of the advantages associated with organic products, coupled with their affordability and convenience, is the primary driver behind the expansion of the organic fruit and vegetable market.
According to SPER market research, ‘Organic Fruit and Vegetable Market Size- By Product, By End User, By Form, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that the Global Organic Fruit and Vegetable Market is predicted to reach USD 87.97 billion by 2033 with a CAGR of 8.3%.
The global surge in organic farming, reflected in increased production and revenue, is particularly pronounced in countries like India, where the cultivation of organic fruits and vegetables is export-oriented. The government, recognizing this potential, is implementing schemes to boost exports in this sector. The expansion of organic farming is fueled by growing food safety concerns and a commitment to environmentally sustainable practices. Rising global demand for organic products, driven by heightened health consciousness and immunity trends, is encouraging farmers worldwide to transition to organic cultivation. With regional regulatory bodies providing financial support, the shift from conventional to organic farming becomes more feasible, contributing to the substantial growth in the organic cultivation area.
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The adoption of organic food is hindered by its expensive nature. The cultivation of organic food is challenging, demanding more time and effort. Additionally, inefficient supply chain management and lower crop yields contribute to increased production costs, thereby elevating the overall expense of organic food items. This high cost deters many potential buyers, posing a hindrance to the global expansion of the organic fruits and vegetables market in the forecasted period. The expenses associated with becoming an organic farmer, including registration, accreditation, and certification, further contribute to the escalating prices and limited supply and production of organic fruits and vegetables compared to the demand.
Impact of COVID-19 on Global Organic Fruit and Vegetable Market
The COVID-19 pandemic has significantly impacted the global organic fruit and vegetable market. Disruptions in the supply chain, labour shortages, and logistical challenges have led to production delays and increased costs. With lockdowns and economic uncertainties, consumer purchasing patterns shifted, affecting demand. While there is a growing awareness of health and wellness, the economic impact has made some consumers prioritize budget-friendly options over organic choices. However, the pandemic has also heightened awareness of sustainable and locally sourced foods, potentially driving interest in organic produce. Overall, the market faces challenges, but changing consumer preferences and a focus on health may contribute to recovery in the post-pandemic landscape.
Organic Fruit and Vegetable Market Key Players:
Geographically, growing interest in sustainable development is one of the main reasons that organic farming has become more popular in North America. Moreover, rising disposable income and expanding consumer spending power, has also boosted the organic fruit and vegetable market in North America, thus it dominating the market globally and is likely to maintain its leading throughout the forecast period.
Prominent Market Players of this Industry are Activz, Campbell Soup Company, DMH Ingredients, Inc, General Mills, Inc, Green Organic Vegetables, and many others.
Global Organic Fruit and Vegetable Market Segmentation:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Product: Based on the Product, Global Organic Fruit and Vegetable Market is segmented as; Organic Fruit and Organic Vegetable.
By End User: Based on the End User, Global Organic Fruit and Vegetable Market is segmented as; Commercial and Residential.
By Form: Based on the Form, Global Organic Fruit and Vegetable Market is segmented as; Fresh and Frozen.
By Distribution Channel: Based on the Distribution Channel, Global Organic Fruit and Vegetable Market is segmented as; Convenience Store, Hypermarkets, Online Sale Channel, Supermarkets, Others.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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Organic Fruit and Vegetable Market Revenue
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