The organic packaged food market share will post an incremental growth of USD 22.72 billion, progressing at a CAGR of 8.99% during the forecast period. The rising number of new product launches will offer immense growth opportunities to market vendors. The organic packaged food market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Organic Packaged Food Market by Product and Geography - Forecast and Analysis 2022-2026” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.
The organic packaged food market is segmented by product (dairy, bakery, and confectionaries, meat, seafood, fruits and vegetables, sauces, dressings, condiments and spreads, and others) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).
The growth of the organic packaged food market in the dairy, bakery and confectionary segment will be significant during the forecast period. In terms of geographic segmentation, the rising number of new product launches, the entry of new vendors, and product innovations will facilitate the organic packaged food market growth in North America. 37% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for organic packaged food in North America.
The rising number of new product launches will directly influence the sales of organic packaged food. In addition, consumer awareness about the health benefits of organic packaged foods is one of the major organic packaged food market trends that will positively impact the market growth. However, factors such as the high cost of organic packaged food products will hamper the organic packaged food market growth.
Some of the major organic packaged food market vendors are Amys Kitchen Inc., Arla Foods amba, Aurora Organic Dairy, Barilla G. e R. Fratelli Spa, Bolthouse Farms Inc., China Mengniu Dairy Co. Ltd., Danone SA, Happy Milk, iD Fresh Food (India) Pvt. Ltd., Lidl US LLC, LT Foods Ltd., Mother Dairy Fruit and Vegetable Pvt. Ltd., Nestle SA, Organic Valley, Perdue Farms Inc., The Hain Celestial Group Inc., The Hershey Co., Tyson Foods Inc., Grupo Bimbo SAB de CV, and Marico Ltd.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2022-2026.
CAGR of the organic packaged food market forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the organic packaged food market share.
Prediction on the upcoming trends, drivers, and factors that challenge the growth of the organic packaged food market.
Organic packaged food industry growth across North America, Europe, APAC, South America, and Middle East and Africa.