The Global Ethical Food Market Research Report Forecast 2020 – 2030 provides a comprehensive analysis of the market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of the global industry. It provides an in-depth study of the Ethical Food market by using SWOT analysis. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.
The global ethical food market is expected to decline from $650.99 billion in 2019 to $568.12 billion in 2020 at a compound annual growth rate (CAGR) of -12.73%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $684.83 billion in 2023 at CAGR of 6.43%.
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Top Key Players in the Global Ethical Food Market: Bimbo Group, Illy, Ingredion, Kelloggs, Mars Incorporated, PepsiCo, and Starbucks.
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.
North America was the largest region in the ethical food market in 2019.
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.
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 Canadas 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 Datas statistics on the 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 the 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 drive the demand for the ethical food market in the forecast period.
Regional Analysis for Market:
For a comprehensive understanding of market dynamics, the global Ethical Food market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market.
Browse Complete Report details with Table of Content:
Influence of the Ethical Food Market report:
-Comprehensive assessment of all opportunities and risks in the Ethical Food Market.
-Ethical Food Market recent innovations and major events.
-A Detailed study of business strategies for the growth of the Ethical Food Market-leading players.
-Conclusive study about the growth plot of Ethical Food Market for forthcoming years.
-In-depth understanding of Ethical Food Market -particular drivers, constraints and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Ethical Food Market.
Table Of Content:
Overview: This segment offers an overview of the report to provide an idea regarding the contents and nature of the research report along with a wide synopsis of the global Ethical Food Market.
Analysis of Leading Players Strategies: Market top players can utilize this analysis to increase the upper hand over their rivals in the market.
Study on Major Market Trends: This segment of the report delivers a broad analysis of the most recent and future market trends.
Forecasts of the Market: The report gives production, consumption, sales, and other market forecasts. Report Buyers will approach exact and approved evaluations of the total market size in terms of value and volume.
Analysis of Regional Growth: This report covered all major regions and countries. The regional analysis will assist market players to formulate strategies specific to target regions, tap into unexplained regional markets, and compare the growth of all regional markets.
The research includes historic data from 2015 to 2020 and forecasts until 2023 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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