The Global Organic Farming Market Is Driven By Growing Concerns Over Sustainable Agriculture
The Global Organic Farming Market is estimated to be valued at US$ 216.24 Mn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period from 2024 to 2031.
Regions where Organic Farming Market value is concentrated
The value of the Organic Farming Market Growth is highly concentrated in North America and Europe currently. Countries like the United States, Germany, France and Italy have well-established organic regulations and a large consumer base willing to pay premium prices for organic food. According to statistics, the US organic food market alone was worth over $47 billion in 2019. Supportive policies, high per capita incomes and health consciousness among consumers have made North America and Western Europe dominant markets for organic products ranging from fruits and vegetables to dairy and meat. However, their share may reduce over time as new emerging regions promote organic agriculture.
Fastest growing region for Organic Farming Market
Asia Pacific region is poised to become the fastest growing market for organic farming in the coming years. Countries like India and China are incentivizing farmers to adopt organic techniques through schemes promoting sustainable agriculture. Rapid economic growth, rising health awareness and preferences for chemical-free food are driving strong demand growth for organic products in Asia. The organic food market is growing at a CAGR of over 15% in India. Increasing cultivation of organic crops for exports as well as domestic consumption is set to boost organic farming in Asia Pacific outpacing other regions in the forecast period if supportive policies and infrastructure are expanded.
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