Organic agricultural land in China is growing as people are getting aware about the importance of eating healthy and safe produce. Organic food market in China includes Baby Formula, Baby Food, Beverages, Dairy, Oils & Fats, and Fresh Produce. Organic dairy food and drinks have become an essential part of Chinese life. Organic milk contains more heart-healthy fatty acids than regular milk; its high-forage diets are popular among China's health and fitness community. Along with adults in China, the organic food market has varieties of organic food for baby as well. Chinese parents prefer organic baby food as it has more vitamins, minerals, and antioxidants than traditional food. As per the publisher, China Organic Food Market Size will reach US$ 19.3 Billion by 2027.
Factors Driving the Organic Food Market in China
Fast socio-economic growth, modernization, and industrialization of agricultural food production have surged China's demand for organic food significantly in recent years. Organic food is famous among Chinese customers, who are becoming more aware of the benefits of organic products and have a growing discretionary income. Chinese consumers' rise in disposable income is one of the primary drivers for the growth of healthy diet. The Chinese people are interested in changing their food habits from heavy oil-tasting food to vegetarian-based, light, organic meals. The organic food industry in China is skyrocketing, and there is a huge potential for organic food among Chinese consumers. However, producers must pay attention to the Chinese consumers' needs and the unique characteristics of the Chinese market. As per this research report, China Organic Food Industry will grow at a CAGR of 12.06% during 2020-2027.
COVID-19 Impact on China Organic Food Industry
Physical health has risen to the top of Chinese consumers' interests, particularly since the Covid-19 epidemic. The Coronavirus pandemic has hastened the requirement for organic and healthy food. As customers look for healthy, fresh, hygenic food for their families, organic food is showing to be the food of preference for home. Never before has the families' food been more important, and consumers have turned to the trusted Organic label. Many organic food categories such as fruits, vegetables, milk products have seen their demand exploding. Organic produce sales for one after other jumped many folds in the early days of the pandemic.
This report titled “China Organic Food Market by Segments (Baby Formula, Baby Food, Beverages, Dairy, Oils & Fats, Fresh Produce), Distribution Models (Hypermarkets, Supermarkets, Others Grocery Retailers, Independent Small Grocers, Internet Retailing, Direct Selling, Forecourt Retailers), Company (China Mengniu Dairy Company Limited, Abbott (China), Bellamy's Australia Limited, Hain Celestial Group, Ausnutria Dairy (China) Company Ltd)” provides a complete analysis of Chinese Organic Food Industry.
Segments - Market Breakup from 6 viewpoints
1. Baby Formula
2. Baby Food
3. Beverages
4. Dairy
5. Oils & Fats
6. Fresh Produce
Distribution Models - Market Breakup from 7 viewpoints
1. Hypermarkets
2. Supermarkets
3. Independent Small Grocers
4. Internet Retailing
5. Direct Selling
6. Forecourt Retailers
7. Others Grocery Retailers
All companies have been covered from 3 viewpoints
- Overviews
- Recent Developments
- Revenues
Company
1. China Mengniu Dairy Company Limited
2. Abbott (China)
3. Bellamy's Australia Limited
4. Hain Celestial Group
5. Ausnutria Dairy (China) Company Ltd
What is the estimated value of the Chinese Organic Food Market?
What is the growth rate of the Chinese Organic Food Market?
What is the forecasted size of the Chinese Organic Food Market?
Who are the key companies in the Chinese Organic Food Market?
Report Attribute | Details |
---|---|
Published | June 2021 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 8.7 Billion |
Forecasted Market Value ( USD | $ 19.3 Billion |
Compound Annual Growth Rate | 12.0% |
Regions Covered | China |
No. of Companies Mentioned | 5 |
Table of Contents
Companies Mentioned
- China Mengniu Dairy Company Limited
- Abbott (China)
- Bellamy's Australia Limited
- Hain Celestial Group
- Ausnutria Dairy (China) Company Ltd
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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