Organic products use a sustainable production resource that is becoming increasingly important for consumers. Organic agriculture revives the need for sustainable agricultural practices, such as crop rotation, which in turn promotes healthy soils with less risk of erosion. Chemicals used for farming affect air quality, persist in the soil for a long time and can even leak into ground water sources. There is a strong base of organic consumers and a significant number of consumers who buy organic food. Health is an important factor for consumers who buy organic food. The organic food market has grown significantly and, in addition to products, it contains wide range of products such as grains, meats, milk and processed foods. Consumers are appreciating the technological advances that have allowed food to last longer, easy to carry and travel, taste better, and leverage wellbeing while meeting regular FDA rules.
The Green Boy Group announced that it will open an office in Sydney, Australia, in alliance with the Eighteen Group. The facility will focus on supplying vegetable, organic proteins to the local food industry. The food industry uses vegetable-meat protein that are used to produce vegetable hamburgers, sausages, pasta, as well as textured plant-based protein (TPP) in the form of chips or granules. The available vegetable meat protein is available in four types of proteins made from Chickpea, Fava Bean, Pea, and Mung Bean.
The global organic food market is broadly diversified based on type, application, and region. The type segment is bifurcated into, poultry & dairy, organic meat, organic processed food, organic bread & bakery, organic beverages, and organic fruits & vegetables. The global organic food market is also classified into online sales channels, conventional retailers, gourmet stores, among others.
Asia Pacific region is poised to show noteworthy growth trends due to increase in disposable income and changing lifestyles. North America is anticipated to grow significantly amid growing consumer base that use organic food in their daily consumables. Other markets such as, the Middle East and Africa, Europe, South America are projected to contribute in the global organic food market at a significant growth rate.
The leading market contributors that lead in the global organic food market include General Mills Inc., The Hershey Company, Everest, Whole Foods Market Inc., United Natural Foods Incorporated, Dole Food Company Inc., Danone, Arla Foods Inc., Hain Celestial Group, AL MAREJ ORGANIC FOOD STORE, WhiteWave Foods, Naturalia, Amul, Dean Foods, Louis Dreyfus Holding BV, Cargill Inc., GoodFood World, Biomass, and others.