According to the latest report by IMARC Group "United States Organic Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," The United States organic food market size reached US$ 76.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 123.3 Billion by 2028, exhibiting a growth rate (CAGR) of 8.3% during 2023-2028.
What is Organic Food?
Organic food represents the product of an agricultural system that avoids the application of pesticides, growth regulators, man-made fertilizers, and livestock feed additives. It assures consumers that toxic pesticides, genetically modified organisms (GMOs), and synthetic fertilizers are not used in the food production, and the livestock has not been given growth hormones or antibiotics. In addition, organic food also ensures that strict cultivation standards have been adhered to with respect to the impact on water, soil, and air support environmental protection. As a result, this product is widely available in supermarkets, specialty stores, hypermarkets, and convenience stores across the country.
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What are the growth prospects and trends in the United States Organic Food industry?
The rising consciousness and awareness among consumers toward the nutrient content and the quality of meals is primarily driving the United States organic food market. Besides this, the strong economic change, the emerging trend of urbanization, the inflating income levels, and the vast consumer expenditure on health and wellness products are further augmenting the market growth. Moreover, the launch of several policies by the government bodies to promote organic farming by providing financial support and subsidies to farmers is also catalyzing the market across the United States. Apart from this, the escalating prevalence of various chronic diseases, such as cancer, diabetes, and cardiovascular illnesses, and the growing popularity of sustainable cultivation practices by the leading manufacturers, owing to the increasing environmental concerns, are acting as significant growth-inducing factors. Furthermore, the introduction of vegan, no-cholesterol, and gluten-free snacks that can safely be ingested by individuals suffering from lactose-intolerant and celiac disease is anticipated to propel the United States organic food market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Organic Fruits and Vegetables
- Organic Meat, Poultry and Dairy
- Organic Processed Food
- Organic Bread and Bakery
- Organic Beverages
- Organic Cereal and Food Grains
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Stores
- Others
Breakup by Application:
- Bakery and Confectionery
- Ready-to-eat Food Products
- Breakfast Cereals
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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