The global natural food & drinks market was valued at $79,137 million in 2016, and is estimated to reach $191,973 million by 2023, registering a CAGR of 13.7% from 2017 to 2023.
Natural food & drinks refer to food products that are that are manufactured without the use of hormones, antibiotics, or artificial flavors. Stringent regulatory standards do not exist for natural food & drinks in most of the countries in the world. Thus, natural labels are normally used by manufacturers across the globe due to lack of adequate guidelines. Natural food & drinks are available at several stores that sell organic food products. In 2016, the supermarkets/hypermarkets segment accounted for around two-fifths share of the global market.
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From freshness to health ingredients and eco-conscious business models, todays core consumer values increasingly center around offerings of the natural food & drinks market and is expected to boost the market growth.
The natural food & drinks market is segmented based on product type, distribution channel, and geography. On the basis of product type, the market is categorized into natural food and natural drinks. Natural food segment is further classified into fruits & vegetables, meat, fish & poultry products, frozen & processed foods, dairy products, and others. Natural drinks segment is further sub-segmented into non-dairy beverages, coffee & tea, beer & wine, and others. Based on distribution channels, it is classified into supermarkets/hypermarkets, natural or health food store, discount store, farmers market, online sales, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The report highlights various factors that impact the growth of the global market, such as key drivers, restraints, growth opportunities, and the role of different key players. It presents the quantitative data which are obtained from the secondary sources, such as company publications, Factiva, Hoovers, OneSource, and others.
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The key players profiled in the report include Archer Daniels Midland Company, Bunge Ltd, Earth’s Best, Amy’s Kitchen, Nestle S.A., 365 Everyday Value, Organic Valley, ConAgra Foods, Dean Foods, and General Mills.
The other major players (not profiled in report) in the market include Tyson Foods, Grupo Bimbo, S.A.B. de C.V., Hain Celestial Group, Hormel Foods Corporation, Global Natural Foods Inc., and Ecovia Intelligence.
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Key Findings of the Natural Food & Drinks Market:
- In 2016, North America dominated the global market, constituting around two-fifths share of the global market.
- U.S. was the leading consumer of the natural food & drinks globally in 2016, and is expected to grow at a CAGR of 13.4% during the forecast period.
- The natural food segment is estimated to grow at a CAGR of 13.9% from 2017 to 2023.
- The fruits & vegetables subsegment accounted for one-third share of the global market.
- The supermarkets/hypermarkets segment accounted for the highest share in 2016, and is estimated to grow at a CAGR of 13.3%.
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