Covid-19 Impact & Market Status
The COVID -19 pandemic has had a significant influence on a variety of industrial processes and functions. Similarly, it has hampered the expansion of the Organic Fruits and Vegetables Market due to reasons such as frequent lockout, transportation and manufacturing unit shortages, and other negative effects. Indirectly, the growing number of misdeeds involving organic fertilizers, agrochemicals, and other agricultural products is affecting the Organic Fruits and Vegetables Market's growth.
Fresh Products In High Demand
Fresh organic vegetables are the most basic and unprocessed sort of vegetables that people have been eating for a long time. In order to avoid undesirable adulteration and chemical additives, direct eating of vegetables is advised above that of processed vegetables. Furthermore, the organic fresh type veggies market is expected to increase at a faster rate than the overall market during the projected period due to rising demand from food and beverage processing firms. This is mostly due to the advantages of fresh organic vegetables, which include the fact that they are a more convenient and reliable mode of consumption, as well as the fact that they may be delivered straight from the farm to the consumer's home.
Residential segment to remain Atop
The residential category is expected to rise at a CAGR of 7.1 percent by 2029, according to end user. Non-commercial uses of organic fruits and vegetables, such as direct consumption, are substantial. During the forecast period, the organic fruits market is expected to rise at a faster rate due to rising disposable income and increased awareness about the health advantages of eating fruits.
North America To Incur Highest Revenue
North America earns the highest revenue in the market and is predicted to remain at the top during the analysis period due to high percentage of health-conscious people in those regions. The growing trend toward a healthy diet and lifestyle has accelerated the expansion of the organic fruits and vegetable sector in the region.
Asia-Pacific is predicted to experience the fastest growth during the analysis period due to the growing awareness regarding the benefits of organic food and the increase in the percentage of health-conscious people in those regions. The excellent economic situation and preferences for a better standard lifestyle contributed to the rise of the organic vegetables market.
Growing awareness of personal health and wellbeing and consumer belief that organic food is healthier with superior nutritional profile is driving the global organic vegetables market.
The increasing need for consuming vegetables that contain more vitamins, minerals, enzymes, and micronutrient is improving the reliance on organic vegetables furthering the development of global organic vegetables market.
Owing to benefits such as reduced risk of allergic diseases, reduced risk of overweight and obesity, fewer content of pesticides, growth in natural fertilizers, naturally controlled weeds, better to environment, richer in certain nutrients, GMO (genetically modified organisms) free , the organic vegetables are experiencing rapid adoption as opposed to conventionally raised vegetable produce thus fostering remarkable progress in global organic vegetables market.
The factors such as increased production and global consumption, government regulations and ban on various pesticides, growing awareness of consuming organic foods through advertisements, growing consumer knowledge of the benefits of organic products, low prices, convenient availability, and increasing whole food dietary intake are driving the global organic vegetables market forward.
The global organic vegetables market is predicted to grow close to USD 74.20 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 8.2 percent during the forecast period 2022-2029.
Organic vegetables are those which are pure in nature and do not contain any kind of chemicals in them. Pesticides, man-made fertilisers, and growth regulators are not used in the organic farming system at all. As a result, customers do not have to be concerned about the additives used in their meals. Synthetic fertilisers, genetically engineered organisms, and hazardous pesticides have become more common as technology and cultivation processes have advanced. Potential customers have been compelled to switch to organic goods as a result of these causes. Furthermore, organic food provides safety by adhering to strict organic farming standards and has a low environmental impact on water, air, and sustainability.
The rising demand for organic products and foods that adhere to regulatory rules for properly metering the use of chemical fertilisers and materials is thought to be the primary driver of global organic vegetables market expansion.
The presence of ambiguous legislation and guidelines governing the labelling of organic fruits and vegetables is predicted to stymie the market's overall growth. As organic farming methods do not use synthetic fertilisers and chemicals, the yield is lower, and also the market costs are expected to be higher than costs required for conventionally grown vegetables. As a result, developing countries are hesitant to spend money on organic fruits and vegetables. This is impeding the growth of global organic vegetables market.
The organic fruits and vegetables industry is developing due to rising disposable income in industrialised countries and rising knowledge of the benefits of eating organic fruits and vegetables. Similarly, in recent years, the growing desire for a healthy lifestyle has had an impact on the overall expansion of the organic vegetables market. Also, organic food products are becoming increasingly popular among consumers because they include antioxidants, which have been shown in a number of scientific studies to have a good impact on general health. Furthermore, the government is actively supporting organic farming in order to prevent pollution in the air and water, which is likely to encourage farmers to practise organic farming. These factors collectively influence rapid demand of organic vegetables driving the global organic vegetables market.
The global organic vegetables market has intense competition and consists of several big corporations such as ACTIVZ, Z Natural Foods, CSC Brands, Whitewave Foods Company, H.J. Heinz Company, General Mills, Organic Valley Family Of Farms, Juices International, Iceland Foods, Green Organic Vegetables, Dmh Ingredients, and Campbell Soup Company among others.
Latest Innovations in the Organic Vegetables Market: A Snapshot
- Dole Food Company, one of the main industry competitors, has released Dole fresh takes salad bowls, which are created for a fast-paced lifestyle, in December 2020. The company made different varieties of salad based on the customer preferences. These salad variations are free of artificial colours and preservatives, ensuring a healthy diet for salad fans.
- In October 2021, Kraft foods, one of the top market participants, partnered with Assan foods for a USD 100 million deal. The acquisition advanced the company's international expansion plans.
Organic Vegetables Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 74.20 billion.|
|Growth Rate||CAGR of 8.2% during 2021-2028|
|Segment Covered||Type, Form, End User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and South Africa|
|Key Players Profiled||ACTIVZ, Z Natural Foods, CSC Brands, Whitewave Foods Company, H.J. Heinz Company, General Mills, Organic Valley Family Of Farms, Juices International, Iceland Foods, Green Organic Vegetables, Dmh Ingredients, and Campbell Soup Company among others.|
Key Segments of the Organic Vegetables Market
Type Overview, 2019-2029 (USD Billion)
- Leafy Vegetables
Form Overview, 2019-2029 (USD Billion)
End User Overview, 2019-2029 (USD Billion)
Regional Overview, 2019-2029 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa