A recent report published by Infinium Global Research on the organic vegetable farming market provides in-depth analysis of segments and sub-segments in the global as well as regional organic vegetable farming market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional organic vegetable farming market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global organic vegetable farming market. According to the report, the global organic vegetable farming market is projected to grow at a CAGR of nearly 5% over the forecast period of 2022-2028.
The organic vegetable farming market was valued at about USD 8 Billion in 2022 and is expected to reach over USD 10 Billion in 2028, with a CAGR of nearly 5% during the forecast period. The use of synthetic chemicals in fertilizers and pesticides has increased over the past few years. Many of these synthetic chemicals are found to have negative effects on human health and the environment. To avoid such negative effects of synthetic chemicals, farmers and agriculture product manufacturers have turned to natural products that have no side effects. Moreover, farming with the help of these natural fertilizers and pesticides is referred to as organic farming. Agriculture produced from natural farming is believed to have several health benefits compared to chemical farming produce. Furthermore, as the demand for organic farming has increased, many traditional agriculture businesses have begun to offer organic products and farming solutions.
The increasing awareness among consumers regarding organic farming and its benefits is majorly driving the growth of the organic vegetable farming market. Several research studies have found the negative effect of chemical fertilizers and pesticides on human health and the environment. Many consumers have become aware of these side effects of chemical fertilizers and are opting for organic foods. Moreover, the advent of various organic labels has further augmented the growth of the organic vegetable farming market. Several public organizations grant organic certified labels to the companies and their products. These labels assure the consumers that the products are grown organically on farms, increasing their trust in the products. However, the higher prices of organic vegetables compared to traditional vegetables are majorly hampering the market growth. Nevertheless, planning several government initiatives to promote organic farming is anticipated to offer growth opportunities to the market.
The COVID-19 pandemic had a fairly positive impact on the organic vegetable farming market. The spread of COVID-19 surged awareness among people about a healthy lifestyle including physical exercise, a healthy diet, and a healthy daily routine. Moreover, consumers turned to nutritious food in order to build their immunity. The synthetic chemicals present in food are believed to have negative health effects on immunity. Thus, consumers avoided foods with synthetic chemicals in them. Many of them turned to organic foods owing to their perceived health benefits. Furthermore, many governments across the world offered monetary stimulus for the agriculture sector. This, in turn, encouraged the farmers to grow organic produce, driving the organic vegetable farming market.
In terms of region, the global organic vegetable farming market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America, among the regions, accounted for the highest market share in the global market. The domination of North America is mainly attributed to the growing awareness regarding organic farming among consumers. Moreover, the higher income and higher spending capacity of the consumers in the region are further augmenting the market growth in North America. Furthermore, the presence of several labeling agencies and regulatory bodies in place is likely to support the dominance of North America in the global organic vegetable farming market. On the other hand, the Asia-Pacific global organic vegetable farming market is expected to grow with the fastest CAGR among the regions. This is due to the government initiatives to promote organic farming.
The report on global organic vegetable farming market covers segments such as type, method, and crop type. On the basis of type, the sub-markets include pure organic farming, and integrated organic farming. On the basis of method, the sub-markets include soil management, weed management, polyculture, and others. On the basis of crop type, the sub-markets include leafy greens, marrow, root, and others.
The report provides profiles of the companies in the market such as AeroFarms, Plenty Unlimited, Organic Farmers, Green Organic Vegetables, Planteneers, Nature’s Path Foods, OrgaSatva Foods, Naturz Organics, AGRO FOOD Lebensmittel, and Picks Organic Farm.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of organic vegetable farming market. Moreover, the study highlights current market trends and provides forecast from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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