by The organic farming market involves growing and producing food and other products without the use of pesticides, chemical fertilizers and genetically modified organisms. Organic products are considered safer and healthier as they are free from synthetic chemicals. Organic farming emphasizes the use of eco-friendly techniques like crop rotation, biological pest control and composting.
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 2024 to 2031.
Key players operating in the organic farming market are Heroux-Devtek Inc., Honeywell International Inc., Liebherr-International Deutschland GmbH, Raytheon Technologies Corporation, Nook Industries Inc., Parker Hannifin Corp., Electromech Technologies, Eaton Corporation PLC, Arkwin Industries Inc., Moog Inc., Woodward Inc., Safran SA, and Triumph Group. Consumers are increasingly preferring organic food due to growing health awareness which is a key driver of growth. Moreover, government support through favorable policies and subsidies is further boosting market adoption.
Key Takeaways
Key players
Key players operating in the organic farming market are Heroux-Devtek Inc., Honeywell International Inc., Liebherr-International Deutschland GmbH, Raytheon Technologies Corporation, Nook Industries Inc., Parker Hannifin Corp., Electromech Technologies, Eaton Corporation PLC, Arkwin Industries Inc., Moog Inc., Woodward Inc., Safran SA, and Triumph Group.
Key opportunities
Growing spend on research and development of advanced Organic Farming Market Growth techniques by key players presents significant growth opportunities. Also, rapid urbanization is prompting farmers to adopt organic farming to meet the rising demand from health-conscious urban consumers.
Global expansion
Major players are expanding their global footprint by entering developing markets through partnerships, acquisitions and new facilities. Governments across the world are also supporting organic farming through schemes and subsidies to meet the UN sustainable development goals.
Market drivers
One of the key drivers for the organic farming market is the increasing consumer preference for chemical-free food products. With growing health awareness, people want to minimize intake of substances like pesticides and chemicals through their diet. This boosts demand for organic fruits, vegetables and other items grown through natural techniques without the involvement of synthetics.
PEST Analysis
Political: Organic farming policies and regulations are becoming favorable for farmers in many countries. Governments are supporting organic farming development through various subsidy programs.
Economic: Rising health awareness and disposable incomes are driving consumer demand for organic food products. However, certification and transition costs pose challenges for small farmers initially.
Social: Increasing consumer preference for chemical-free food is a major factor for the organic farming market growth. People are more concerned about sustainability and environment protection.
Technological: Advanced technologies in precision agriculture, such as GPS, sensing and online platforms help organic farmers improve productivity and get fair prices. Drones and robots can reduce dependence on pesticides and labor.
The North American region accounted for the highest share in the organic farming market in terms of value in 2024. The U.S. has witnessed strong growth due to rising health awareness and stringent regulations regarding food safety. It has a well-established organic supply chain and distribution network.
Asia Pacific is projected to be the fastest growing region till 2031, driven by China, India and other developing nations. Factors such as growing middle class population, rapid urbanization and government support via certification schemes are attracting more farmers towards organic practices in Asia.
*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it.
