Organic Fruits And Vegetables Market - Forecast (2022 - 2027)

Anusha Reddy

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Organic Fruits And Vegetables Market - Forecast (2022 - 2027)

Organic Fruits And Vegetables Market size is forecast to reach $52.9 billion by 2026, growing at a CAGR of 7.8% during the forecast period 2021-2026.

Organic Fruits And Vegetables Market size is forecast to reach $52.9 billion by 2026, growing at a CAGR of 7.8% during the forecast period 2021-2026. Organic food in the form of fruits and vegetables refers to crops that are grown without the use of harmful pesticides, irradiation, fertilizers, pesticide residues, and other synthetic materials. Even the animals under organic farming are fed with organic supply devoid of synthetic growth hormones, genetically modified organisms, or antibiotics. As compared to conventional farming, organic products are rich storehouses of minerals, which is the key driver for the growth of the market. Organic farming increases the potency and benefits of soil, which is popular among farmers. Organic produce is devoid of any hydrogenated fat in the form of polyunsaturated fatty acids and is usually produced using thermophilic composting, which minimizes the risk of any heart-related ailments. Besides better nutritional inputs, organic produce enhances the taste considerably by regulating the sugar content, which is set to further enhance the overall market developments of the Organic Fruits And Vegetables Market for the period 2021-2026.

Report Coverage

The report: “Organic Fruits And Vegetables Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Organic Fruits And Vegetables Report Market.

By Product Type: Fruits, and Vegetables.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa).

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Key Takeaways

Growing number of health-conscious consumers coupled with the increasing cultivation of organic fruits and vegetables are likely to aid the market growth of the Organic Fruits And Vegetables Market report.
Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be the Organic Fruits And Vegetables Market report.
High production cost and low yield of organic produce are poised to create hurdles for the Organic Fruits And Vegetables Market.
North America dominated the Organic Fruits And Vegetables Market in 2020 owing to the growing demand for organic fruits and vegetables in the US coupled with the growing consumer awareness regarding its health benefits. The Organic Fruits And Vegetables Market scope for different regions will be provided in the final report.

Organic Fruits And Vegetables Market Segment Analysis – By Product Type

The fruits segment held the largest share in the Organic Fruits And Vegetables Market in 2020 and is estimated to grow at a CAGR of 8.0% during the forecast period 2021-2026. This is owing to the growing consumer awareness of the health benefits associated with the consumption of organically grown fruits. Fruits grown organically are rich in nutrients, such as Vitamin C, iron, magnesium, and phosphorus, with less exposure to nitrates and pesticide residues in organically grown fruits, when compared to conventionally grown products. However, awareness regarding the consumption of organic vegetables is also increasing among consumers, since the recent past. Organically grown vegetables contain almost six times as much salicylic acid as non-organic. Salicylic acid helps to combat bowel cancer and the hardening of the arteries. The vegetable segment is estimated to register the higher CAGR over the period 2021-2026.

Organic Fruits And Vegetables Market Segment Analysis – By Geography

North America dominated the Organic Fruits And Vegetables Market with a major share of 40% in 2020. The application of organically grown produce has increased progressively over the last few years owing to the demand for organic fruits and vegetables in the US has also been continuously rising. Other factors include the increasing number of health-conscious consumers throughout countries like the US and Canada. According to the Organic Trade Association, more than 17% of total fruits and vegetables purchased by consumers throughout North America were observed to be organic in 2020.

However, Asia Pacific is estimated to grow at a higher CAGR during the forecast period 2021-2026 owing to rising consumer preference for nutritious and healthy food products. Moreover, countries like India and China are steadily becoming the powerhouse of organic crop production and consumption, owing to favorable government regulations and the rising concentration of key players throughout the region.

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Organic Fruits And Vegetables Market Drivers

Increasing number of health-conscious consumers is driving the market growth

Over the recent past, the number of health-conscious consumers has increased manifold along with the scope of availability of organically grown products globally. Consumers have become aware that, unlike conventional farming, organic farmers are restrained from using synthetic fertilizers, chemical additives, or preservatives in their produces. As such, the food you eat has no chemical residues to harm the body. According to the results of a 2019 survey by the United States Department of Agriculture (USDA), there was around a 17% increase in the number of certified farms in the U.S. between 2016 and 2019. In 2008, there were around 11,000 certified farms. Fast forward to 2021 and there are more than 16,500. When it comes to sales, there was a 31% increase from 2016 to 2020. Total sales of organics in 2019 reached an all-time high of USD 9.9 billion. Thus, increasing the growth of the Organic Fruits And Vegetables Market during the forecast period 2021-2026.

Growing cultivation of organic fruits and vegetables is poised to increase the growth of the market

With the rising awareness regarding health and wellness, food is the primary factor driving the growth of the organic fruits and vegetable market worldwide. Organic production does not use pesticides and fertilizers that help to increase the production of phytochemicals such as vitamins and antioxidants into fruits and vegetables. According to a large-scale analysis published in the Proceedings of the National Academy of Sciences in 2020, organic agriculture sites had 34% more biodiversity and 50% more profits than conventional agriculture sites, even though the organic sites had 18% lower crop yields. Thus increasing the growth of the Organic Fruits And Vegetables Market during the forecast period 2021-2026.

Organic Fruits And Vegetables Market Challenges

High production cost and low yield of organic produce is likely to challenge the market growth

In organic farming, the produce is usually lower due to the lack of synthetic fertilizers and as such, they tend to be expensive than non-organic food even the overhead costs are higher in organic farming. According to Food Business News, in 2021, organic food costs USD 0.24 more each than conventional options. This means they cost approximately 7.5% more than conventional food. Further, organic food is produced without artificial preservatives or irradiation because of which It goes off the shelves quickly, thereby hindering the market’s growth.

Organic Fruits And Vegetables Market Landscape

Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Organic Fruits And Vegetables Report Market. In 2020, the Organic Fruits And Vegetables Market share is fragmented by the top ten players present in the market. The Organic Fruits And Vegetables Report Market, top 10 companies are: