Organic Farming Market Competitive Analysis, Upcoming Demand And Growth Forecast 2018 To 2026

Posted February 14, 2022 by rohit890

Organic farming is an agricultural system that uses biological fertilizers derived from plant and animal wastes.
Market Overview

Organic farming is an agricultural system that uses biological fertilizers derived from plant and animal wastes. Organic farming enhances agro-ecosystem health, which includes soil biological activity, biodiversity, and biological cycle. It excludes the use of chemical or synthetic pesticides, fertilizers, and growth regulators.

Favorable growth of organic agricultural practices all over the world coupled with regional government initiatives to promote organic farming is boosting growth of the global organic farming market. According to Research Institute of Organic Agriculture (FiBL) report, in 2014, over 44.4 million hectares of land is occupied by organic agricultural activities. In 2015, the regions with the largest areas of organic agricultural land are Oceania (22.8 million hectares, which is almost 45 percent of the world’s organic agricultural land) and Europe (12.7 million hectares, 25 percent). The countries with the most organic agricultural land include Australia (22.7 million hectares), Argentina (3.1 million hectares), and the United States (2 million hectares).

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Market Dynamics

Organic farming offers high nutritional value for food is expected to drive growth of the global organic farming market. Foods from organic farming are rich in nutrient content such as enzymes, vitamins, minerals and other micronutrients. Furthermore, rising consumer awareness about the health benefits of organic products is expected to propel growth of the market during forecast period.

However, high production cost of organic farming is expected to hamper growth of the market during forecast period. Organic farming requires large number of labor or manpower to maintain the crop productivity, which in turn increases crop production cost.

North America held significant market share in the global organic farming market in 2017, owing to increasing consumer demand for organic food and rising organically produced goods in the region. According to United States Department of Agriculture (USDA), the organic sales account for over 4% of total U.S. food sales. The U.S. spends around US$ 1 billion every year on imports of organic food. Furthermore, rising demand for organic food is surpassing domestic supplies and leading to depend on imports from other regions. For instance, according to the United States Department of Agriculture (USDA), in 2014 imports for organic corn in Canada was valued at US$ 16.9 million which was increased by US$ 19.0 million in 2015.

Detailed Segmentation:

Global Organic Farming Market, By Farming Type:

Pure Organic Farming

Integrated Organic Farming

Global Organic Farming Market, By Method:

Crop Diversity

Soil Management

Weed Management

Controlling Other Organisms

Major players operating in the global organic farming market include Picks Organic Farm, Organic Farmers Co., The Indian Organic Farmers Producer Company Limited (IOFPCL), Bayer AG, Camson Bio Technologies Limited, and ZUWA Organic Farms Pvt Ltd among others.

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Last Updated February 14, 2022