COVID-19 Impact on Organic Food and Beverage Market Share and Forecast to 2023

03/giu/2020 17:20:50 suraj taur Contatta l'autore

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Market Analysis

Market Research Future (MRFR) asserts that the Global COVID-19 Impact on Organic Food and Beverage Market is likely to register a stellar CAGR during the forecast period (2018-2023). The surging demand for organic F&B products among the health-conscious consumers is likely to favor the market growth globally. Organic food and beverages are generally manufactured from products which are grown by using organic farming techniques. These food and beverages items are witnessing a notable growth owing to certain benefits such as chemical and pesticide-free, healthier compared to inorganic food items, and eco-friendly.

Market Potential and Pitfalls

With increasing health-conscious consumers across the world, the demand for organic food and beverages has increased owing to their nutritional benefits. Organic food and beverage items are derived from animals and plants which are organically grown and are processed without the use of any chemical fertilizers, additives, or pesticides which contain harmful ingredients. The consumption of such food items has helped to reduce health risks like cardiac arrest as they are toxin-free and free of genetically modified organisms. They also possess a higher nutritional value, which triggers its demand among the consumers. The demand for such products further promotes the growth of the organic farming industry which focuses on eco-friendly agricultural practices. Moreover, organic farming is cost-effective and helps to improve the soil fertility which has resulted in increased crop yield. Such factors are highly contributing to the market growth during the appraisal period.

The growing income level, rising environmental concerns, improvement in living standards, and surging health hazard diseases owing to the surging consumption of inorganic foods are driving the market growth. The mammoth demand for organic products is likely to add to the market value. The high popularity of non-genetically modified products among the consumers due to several health benefits has influenced the market growth. The increased chronic ailments due to the intake of junk foods have also offered the market a sturdy growth.

On the contrary, the high price of organic products coupled with the low shelf life of organic food and beverages compared to other conventional food items are estimated to restrict the market growth in the long run. Despite such hiccups, the high investment from private and government bodies provide opportunities for the market to nurture. Moreover, with the advancing technology and rising soil adaptability to organic farming, the prices of these food products are anticipated to decline in the foreseeable future.

Industry Updates

April 3, 2019: A unit of GetSwift Inc. and also a global farm to table SaaS provider, Delivery Biz Pro (DBP) which provides software in order to facilitate the delivery between farms and providers to homes and businesses, has welcomed Farm to People’s NYC Farmer’s Market to its platform.

Competitive Dashboard

The prominent players operating in the Global COVID-19 Impact on Organic Food and Beverage Market comprises Dean Foods (US), Amy's Kitchen Inc. (US), Hain Celestial (US), General Mills Inc. (US), The Kraft Heinz Company (US), SpartanNash Co. (US), Whole Foods Market Inc. (US), and The Kroger Co. (US).

Segment Analysis

Global COVID-19 Impact on Organic Food and Beverage Market has been segmented on the basis of type, distribution channel, and packaging material.

By mode of type, the global organic food & beverage market has been segmented into dairy and frozen desserts, bakery and confectionery, meat and seafood, beverages, sweet and savory snacks, and others.

By mode of packaging material, the global COVID-19 Impact on Organic Food and Beverage Market has been segmented into plastic, glass, paper, metal, and others. Among these, the plastic packaging is likely to gain prominence owing to the convenience it offers. Moreover, it is light in weight which makes it easy to carry. Meanwhile, the paper packaging is slowly stealing the limelight due to the rising environmental concerns across the globe.

By mode of distribution channel, the global organic food & beverage market has been segmented into store and non-store based. Among these, the store-based distribution channel is likely to gain prominence during the appraisal period due to the one-stop convenience. Meanwhile, the non-store based distribution channel is likely to expand at a significant rate owing to the emergence of e-commerce across the globe.

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Regional Insights

Geographically, COVID-19 Impact on Organic Food and Beverage Market span across regions namely, Europe, Asia-Pacific, North America, and Rest-of-the-World (RoW).

Considering the global scenario, the European region is estimated to dominate the global organic food & beverage market in the foreseeable future. The region is estimated to retain its dominance in the coming years owing to the adoption of healthier eating habits among the consumers of the region. The surging awareness of the health hazards related to the intake of pesticides and chemicals is fueling the market growth across the globe. Denmark and Germany have witnessed the highest production of organic animals and plants recently which is anticipated to propel the market growth in this region.

The Asia Pacific region is anticipated to expand at the fastest growth rate owing to the increased health concerns associated with the use of chemicals and pesticides in large quantities in the developing economies like China and India.

Related Covid-19 Analysis on FnB Reports:

https://www.marketresearchfuture.com/report/covid-19-impact-a2-milk-market

https://www.marketresearchfuture.com/report/covid-19-impact-alternative-sweeteners-market

https://www.marketresearchfuture.com/report/covid-19-impact-artisan-bakery-market

https://www.marketresearchfuture.com/report/covid-19-impact-rtd-beverages-market

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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