Organic Fruits And Vegetables Market Is Likely to Experience a Tremendous Growth by 2027 | Activz, Z Natural Foods
The global organic fruits and vegetables industry was estimated at $30.77 billion in 2019, and is anticipated to hit $55.86 billion by 2027, registering a CAGR of 7.9% from 2020 to 2027.
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Key players in the industry-
- The Whitewave Foods Company
- H.J. Heinz Company
- CSC Brands LP (Campbell Soup Company)
- General Mills, Inc.
- Juices International Pty. Ltd.
- Activz
- Z Natural Foods, LLC.
- Organic Valley Family of Farms
- Iceland Foods Ltd.
- Green Organic Vegetable Inc.
- DMH Ingredients
Most of the organic agri-inputs are used
for cultivation of the organic fruits and vegetables. Organic agri-input
includes organic manure, fertilizer, agro-chemicals, and seeds. And these
agri-inputs are generally made and cultured organically. For instance, organic
fertilizers are derived from animal matter, animal excreta, human excreta, and
vegetable matter. Naturally occurring organic fertilizers include animal wastes
from meat processing, peat, manure, slurry, and guano. Increasing awareness
regarding the benefits of the organic food products and growing disposable
income of the people are majorly influencing the growth of the organic fruits
and vegetables market during the forecast period 2020-2027. Furthermore,
consumers are now more informed and concerns about the food quality issues and
want to be get informed with ingredients content and how fruits and vegetables
were cultivated.
Covid-19 scenario-
- Scarcity of labors at the manufacturing units and disrupted
transportation due to frequent lookdown practices impacted the production
of organic fruits and vegetables negatively.
- Also, the supply of organic fertilizers and agrochemicals was
hugely distorted during the first phase of the lockdown.
- However, government bodies across the world are coming up with
relaxations on the existing regulations and the market is projected to
recoup its position really soon.
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The organic fruit segment to dominate by
2027-
Based on product type, the organic fruit
segment contributed to around three-fourths of the global organic fruits and
vegetables market share in 2019, and is expected to rule the roost by 2027,
owing to growing awareness about the health benefits that are exhibited by the
consumption of organic fruits. The organic vegetable segment, on the other
hand, would register the fastest CAGR of 9.4% during the forecast period.
People are gradually getting well acquainted with the immense health benefits
associated with organic vegetables in the form of breakfast cereals, soups,
syrups and so on. This factor drives the growth of the segment.
The frozen segment to maintain the dominant
share-
Based on form, the frozen segment
contributed to nearly three-fourths of the global organic fruits and vegetables
market revenue in 2019, and is expected to lead the trail by 2027. The
increasing consumer preference toward convenience foods propels the segment
growth. Simultaneously, the fresh segment would portray the fastest CAGR of
8.8% from 2020 to 2027. Growing food processing industries where fresh organic
fruits and vegetables are used as flavor & additives and extensive use of
fresh organic vegetables for household purposes drive the growth of the
segment.
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North America garnered the major share in
2019–
Based on geography, North America garnered
the major share in 2019, holding more than two-fifths of the global organic
fruits and vegetables market. Increasing adoption of healthy life style fuels
the market growth in this province. At the same time, Asia-Pacific would
manifest the fastest CAGR of 14.0% from 2020 to 2027, due to growing disposable
income, high standard of life and high expenditure for healthy life style among
individuals in the region.
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