Global organic farming market was valued at US$ 170.00 Billion in 2022 in terms of revenue, and is expected to exhibit a CAGR of 10.41 %
BURLINGAME, CALIFORNIA, UNITED STATES, July 29, 2024 /
EINPresswire.com/ -- Market Overview:
Organic farming involves growing plants and raising animals through organic methods without the use of synthetic pesticides and fertilizers. It provides chemical-free vegetables, fruits, grains, and meat products that are perceived more nutritious by consumers.
Market Dynamics:
The organic farming market is expected to witness significant growth over the forecast period owing to rising health consciousness among consumers and growing preference for chemical-free food products. Consumers are increasingly interested in the source of their food and are willing to pay premium prices for organic foods due to perceived health benefits. Furthermore, favorable government policies promoting sustainable agriculture are also driving the adoption of organic farming practices globally. The market is further supported by initiatives of non-government organizations and certification agencies to educate farmers regarding organic farming methods.
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High Initial Investment Requirement Acts as a Major Restrain
One of the major challenges faced by the organic farming market is the high initial investment requirement for transition from conventional to organic practices. It is a lengthy and expensive process for farmers to transition to organic cultivation techniques completely without the use of synthetic pesticides and fertilizers. They have to invest in infrastructure, purchase of organic seeds and implements for natural pest management. There are also certification costs involved. This high transition cost deters many farmers, especially small and marginal farmers in developing countries. It is a gradual process that requires continuous investment and support over several years for complete conversion. The high investment barrier poses a challenge for widespread adoption of organic farming methods globally.
Growing Online Sales and E-commerce Emerges as a Key Opportunity
The organic farming market sees tremendous opportunities emerging from the expanding online retail sector globally. With rising internet and smartphone penetration, more consumers are making organic food purchases online via e-commerce platforms and companies' own websites. Several new startups are focusing on direct online sales of organic products to consumers. This offers an important platform for organic farmers and brands to promote and sell their products to a wider consumer base without the involvement of multiple intermediaries in the conventional supply chain. Online retail also improves access to remote regions. Transparent marketing of organic certification online helps build credibility. The growing e-commerce segment presents significant scope for increased sales and awareness about organic foods.
Shift Towards Regenerative Organic Agriculture is a Major Trend
One of the major emerging trends in the organic farming industry is the shift towards regenerative organic agriculture practices that aim for environmental and social regenerations alongside economic benefits. There is a growing focus on farming techniques that enhance soil health, biodiversity and watersheds. Practices like cover cropping, no-till farming, rotational grazing, agroforestry etc. are gaining popularity. They sequester carbon, restore degraded land and improve farmer livelihoods. Many organic farmers, organizations and certifiers are working to develop standards and promote regenerative systems. This trend reflects the evolution of organic methods towards a more holistic, biodynamic and climate-resilient model of agriculture.
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Top Companies Featured in This Report:
★ Picks Organic Farm
★ Organic Farmers Co.
★ The Indian Organic Farmers Producer Company Limited (IOFPCL)
★ Bayer AG
★ Camson Bio Technologies Limited
★ ZUWA Organic Farms Pvt. Ltd among others
Market Segmentation:
By Product Type:
★ By Farming Type: Pure Organic Farming, Integrated Organic Farming
★ By Method: Crop Diversity, Soil Management, Weed Management, Controlling Other Organisms
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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Report Highlights:
📈 Examination of navigation keyword market share at both country and regional levels
📈 Thorough analysis of the competitive landscape and emerging trends
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📈 Strategic recommendations tailored for key business segments based on market insights
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Author Bio:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
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https://www.linkedin.com/in/alice-mutum-3b247b137 )
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