The organic farming market is estimated to be valued at US$ 170.00 Billion in 2022 and is expected to exhibit a CAGR of 10.41% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview: Organic farming is a method of agriculture that emphasizes the use of natural and biological inputs, such as compost, green manure, and biological pest control, rather than synthetic chemical inputs. It aims to maintain the health of ecosystems, soil fertility, and biodiversity, while producing high-quality, nutritious, and safe food. Organic farming also promotes sustainable agricultural practices that minimize environmental impact, conserve resources, and mitigate climate change. The market offers a wide range of organic products, including fruits, vegetables, grains, dairy products, meat, poultry, and processed food and beverages.
Key Takeaways:
The global organic farming market is expected to witness high growth, exhibiting a CAGR of 10.41% over the forecast period, due to increasing consumer demand for organic products and advancements in farming practices.
In terms of regional analysis, North America is expected to be the fastest growing and dominating region in the organic farming market. This is due to the high awareness about the benefits of organic farming, strict regulations governing organic certifications, and a well-established organic food market.
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