The Organic Food Market is estimated to be valued at US$ 118.0 Mn in 2022 and is expected to exhibit a CAGR of 1.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Organic food products are produced using organic farming techniques that prioritize environmental protection and biodiversity over the use of chemical based fertilizers and pesticides. Organic foods deliver nutritional and health advantages such as high antioxidants, vitamins and minerals over conventionally grown foods. The demand for organic food is driven by the rising awareness regarding the benefits of consuming chemical-free foods.
Market key trends:
The global organic food market is driven by the increasing health consciousness among consumers. There is a rising preference for chemical-free food items owing to multiple health benefits of organic foods such as higher nutritional value and presence of antioxidants. Additionally, growing concerns regarding side effects of pesticides residues in conventional foods is also contributing to the demand for organic food worldwide. Changing lifestyle and rising disposable income in developing nations are further expected to boost the consumption of premium organic food over the forecast period.
Global Citric Acid Market Is Estimated To Witness High Growth Owing To Increased Consumption In Food & Beverages And Growing Demand From Personal Care Industry
The citric acid market is estimated to be valued at US$ 118.0 Mn in 2022 and is expected to exhibit a CAGR of 1.7% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Citric acid is a weak organic acid that has a sour taste and is classified as GRAS substance. It is widely used as a flavoring and preservative in foods and beverages such as soft drinks, candies, processed foods, and desserts. Citric acid also finds application in personal care products where it acts as an exfoliating agent and buffering agent to maintain pH levels. It helps to balance the pH of creams, lotions, and other skincare products.
Market Dynamics:
The Citric Acid Market Growth is driven by increased consumption in food & beverages industry due to its flavoring and preservative properties. Citric acid improves the taste and slows microbial growth in numerous food products. It enhances flavors in beverages, desserts, and confectionery products. The rising disposable income and changing lifestyle are increasing the demand for packaged and convenience foods which utilize citric acid as a key ingredient. The market is also witnessing strong growth from personal care industry owing to versatile benefits of citric acid. It helps to balance the pH levels of skin, prevents oxidation, and exfoliates dead skin cells. Thus, the booming personal care and cosmetics industry is fueling the demand for citric acid. Furthermore, recovery in foodservice industry post pandemic is another factor augmenting the market growth over the forecast period.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.