Global Ethical Food Market Size 2024, Forecast To 2033
11 Mar, 2024
The ethical food market size has demonstrated robust growth, surging from $125.97 billion in 2023 to $136.6 billion in 2024, reflecting a compound annual growth rate (CAGR) of 8.4%. The growth in the historical period is attributed to an increasing environmental concern, growing demand for fairtrade products, and strong economic growth in emerging markets. Projections for 2028 indicate strong growth, reaching $181.58 billion with a CAGR of 7.4%. The expected growth in the forecast period is linked to government initiatives, a rising demand for sustainably packaged food, and increasing investments. Major trends in this period include a focus on sustainable packaging to reduce the use of plastics, an emphasis on mergers and acquisitions to strengthen market positions, a commitment to reducing greenhouse gas emissions, and leveraging artificial intelligence to track nutrients, water levels, and improve transparency in supply chains.
Global Ethical Food Market Key Driver
The heightened concern for the environment is expected to drive increased demand for ethical food, influenced by climate changes and global environmental issues. Factors such as carbon emissions, global warming, plastic usage, and food waste are compelling companies to focus on sustainable products. This shift is evident in the global CO2 emissions from energy, which increased by 0.9% in 2022, reaching a record of over 36.8 Gt. This growing impact of food production on the environment is propelling companies and consumers towards ethical and sustainable-certified products. Consequently, the demand for the ethical food market is set to rise, driven by the commitment to sustainable production practices. The ethical food market is anticipated to exhibit significant market sizes in 2023, 2024, and 2028, reflecting the increasing emphasis on environmentally friendly food choices.
Get A Free Sample Of The Global Ethical Food Market ReportGlobal Ethical Food Market Segments
The ethical food market covered in this report is segmented –
1) By Type: Organic And Natural, Fairtrade, Free Range Animal Welfare Friendly And Environmentally Responsible, Sustainably Produced
2) By Process: Processed, Unprocessed
3) By Mode Of Distribution: Online, Offline
By Geography:The regions covered in the ethical food market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain
Asia-Pacific was the largest region in the ethical food market in 2023. Western Europe was the second-largest region in the global ethical food market. The regions covered in the ethical food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Ethical Food Industry Players
Nestlé S.A., PepsiCo, The Kraft Heinz Company, General Mills, Inc., Danone S.A, United Natural Foods, Inc, Arla Foods, The Hain Celestial Group, Organic Valley, Vyas Bio Life Sciences Private Limited, Krungthep Trading Co., Ltd, Bw Binyuy Holdings (Pty) Ltd, Solitude Global Impex, Nutra Healthcare, Curemax Pharma, STDM Food & Beverages Private Limited, Titan Biotech Ltd, Wuxi Biologics, FOODCHEM, Sun Green Group, Alfa Laval, Shandong Yuxin Soybean Protein Co, Hipp Gmbh & Co Vertrieb KG, Alnatura Produktions- Und Handels Gmbh, Rewe Markt Gmbh, Aldi Einkauf Gmbh & Co Ohg, Royal Forest Company, Grass LLC, Individual Entrepreneur (Ie) Maslov D.V, Nuttys LLC, Foodimport LLC, Siberian Ecological Products LLC, Coca-Cola HBC, Chechenskiye Mineralniye Vody LLC, Barinoff Drinks, Austria Juice, Laurul SA, Amy’s Kitchen, Whole Foods, Impossible Food, Gardein, Ripple Foods, Smartsweets, Fody Food, Sustainable Produce Urban Delivery, Mother Raw, Lufa Farms, Suja Life, Keurig Dr Pepper, Organic Soda Pops, Uncle Matt’s Organic Inc, GURU, Bimbo Group, Illy, Ingredion, Mars Incorporated, Starbucks, RCL Foods Ltd, Astral Foods, Kauai, Ooka, NWK, Natural Herbs And Spices, Daiya Foods Inc, Earth's Own Food Company Inc, Panos Brands Llc, Eden Foods Inc, Freedom Foods Group Ltd, Blue Diamond Growers Inc, Sunopta Inc, Archer Daniels Midland Company
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Ethical Food Market Overview
Ethical or sustainable food refers to food produced using processes and systems that are non-polluting, economically efficient, conserve non-renewable natural resources and energy, safe for workers, consumers, and communities, and do not compromise on the future generation needs. It uses a method of food production wherein the people (small farmers, producer co-operatives, large estates), the environment (environment sustainability), and animals (concerned with animal rights and welfare) are given considerable importance.
Ethical Food Global Market Report 2023 provides data on the global ethical food market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The ethical food market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.