Major players in the ethical food market are Bimbo Group, Illy, Ingredion, Kellogg’s, Mars Incorporated, PepsiCo, and Starbucks.
The global ethical food market is expected grow from $542.84 billion in 2020 to $574.42 billion in 2021 at a compound annual growth rate (CAGR) of 5.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $727.86 billion in 2025 at a CAGR of 6%.
The ethical food market consists of sales of ethical food items and related services.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.
The ethical food market covered in this report is segmented by type into organic and natural, fairtrade, free range animal welfare friendly, environmentally responsible and sustainably produced, others.
The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The high cost of ethical food limits the growth of the market during the forecast period.The production and sales of ethical food include the cost of natural fertilizers, high labor, ethical or sustainable certification, and others which raises the overall cost of production.
According to a new study commissioned by ethical certification, 45% of the people in the UK put off buying ethical products owing to their high cost. The high cost of ethical food makes it inaccessible to larger population, thereby hindering the growth of the market during the forecast period.
In September 2018, Kraft Heinz Canada announced the acquisition of the assets of Ethical Bean Coffee for an undisclosed amount.This acquisition is expected to expand Kraft Heinz Canada’s product offerings and global presence to serve a large number of consumers worldwide.
Ethical Bean Coffee was founded in 2003 and is a leading roaster of 100% Fairtrade and certified organic coffee. The company is based in Vancouver, British Columbia, and is committed to global awareness, social responsibility, and environmental accountability.
Increasing concern about the environment is expected to contribute to higher demand for ethical food.The recent climate changes and environmental issues such as carbon emission, global warming, plastic, and food waste is forcing companies to concentrate on sustainable products.
The rising environmental concerns are shifting companies and shoppers towards ethical/ sustainable-certified products.According to Our World In Data’s statistics on environmental impact of food published in January 2020, the food accounts around 26% of the global greenhouse emissions, with half of the world’s habitable land used for agriculture and 70% of the freshwater used for agriculture.
According to the survey of 1000 adults by International Food Information Council Foundation (IFIC foundation) in 2019, 54% of the consumers responded that the products they buy be produced in an environmentally sustainable way. Therefore, the growing impact of food production on the environment and the growing demand for sustainable food is increasing companies to focus on sustainable production which in turn is expected to the drive the demand for the ethical food market in the forecast period.
Sustainable packaging is a leading trend adopted by ethical food manufacturers and producers.The companies engaged in organic food production are increasing their focus on sustainable packaging in order to reduce the use of plastics and go environment friendly.
For instance, Alter Eco uses clean packaging for its produce and the plastic packaging used for outer boxes are recyclable.Following the trend, packaging companies are also coming up with sustainable packing solutions for organic food and other products.
For instance, Giro Pack developed compostable welded bags and compostable net clipped bags that are produced using plant-based or organic materials such as pulp of eucalyptus trees or corn starch. Thus, the focus of ethical food companies on sustainable or green packaging is a major trend shaping the ethical food market over the forthcoming years.
The countries covered in the market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Our reports have been used by over 10K customers, including:
The global plant factory market size is estimated to be valued at USD 121.8 billion in 2021 and projected to reach USD 172.5 billion by 2026, recording a CAGR of 7.2% during the forecast period One of the major drivers is that it provides higher yield compared to traditional agricultural techniques, owing to the increase in harvest cycles. •...
The global biochar market exhibited strong growth during 2015-2020. Looking forward, the analyst expects the market to grow at a CAGR of around 10% during the forecast period (2021-2026). Biochar refers to the fine-grained biomass obtained by burning wood, animal manure, forest waste and other agricultural by-products...
The global organic baby food market was valued at USD 3,609.64 million in 2020, and it is projected to register an estimated CAGR of 12.23% during the forecast period, 2021-2026. Health crises and food scares have a long-term impact on consumer demand during COVID-19. Initially, there was a sales spike as consumers fear for food safety...
The global meal replacement products market was valued at USD11,006.79 million in 2020, and it is projected to witness a CAGR of 7.64% during the forecast period, 2021-2026. The meal replacement products market is more established in the Western countries, preferably in the European and North American regions. However, the Asia-Pacific...
300 pages •
By The Business Research Company
• Jan 2021
Major companies in the cheese market include Arla Foods Limited; Bongrain AG; Murray Goulburn Co-operative Co. Limited; Fonterra Co-operative Group Limited and Leprino Foods Company Inc. The global cheese market is expected to grow from $201.99 billion in 2020 to $216.88 billion in 2021 at a compound annual growth rate (CAGR) of 7.4%....
The global agricultural enzymes market grew at a CAGR of around 12% during 2014-2019. Agricultural enzymes are biological catalysts that accelerate chemical reactions for unblocking the nutrients present in the soil. These enzymes help increase the plant yield and quality by detoxifying the soil that has been processed...
The organic shrimp market was valued at US$ 3.40 billion in 2019 and is projected to reach US$ 6.16 billion by 2027; it is expected to grow at a CAGR of 7.7% during 2020-2027. Historically, the demand for shrimps has increased unprecedentedly; this has reflected in the rise in export volumes across the western countries such as the...
138 pages •
By Euromonitor International
• Jun 2015
64% of consumers across the world claim that they try to have a positive impact on the environment on an everyday basis. This global report examines how this fledgling mainstreaming of green awareness impacts governments, corporations and consumer buying behaviour in market sectors such as food and drink, apparel, beauty and personal care,...
Greenhouse Gas Emissions
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.