Digital Assistants And AI Are Fastest Growing Segment Fueling The Growth Of Organic Farming Market
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| Organic Farming Market |
The global Organic Farming Market is estimated to be valued at US$ 187.7 Bn in
2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to
2030, as highlighted in a new report published by Coherent Market Insights.
Organic farming involves growing food without the use of synthetic fertilizers
and pesticides. Organic farming promotes soil health and biodiversity. Organic
crops are usually tastier and more nutritious than conventionally grown crops.
Market Overview: Organic farming relies on crop rotation, green manure, compost
and biological pest control to maintain soil productivity and control pests
without the use of synthetic substances. It is gaining popularity worldwide due
to its environmental and health benefits.
Market key trends: One of the key trends in the organic farming market is
growing popularity and adoption of digital technologies like AI and IoT.
Digital assistants and AI tools are helping farmers monitor soil and crop
health, detect pests and diseases early, optimize water and fertilizer use.
Precision agriculture tools allow site-specific management to improve yields.
AI is also enabling predictive analysis to anticipate weather changes, output
and help farmers plan accordingly. This is improving farm productivity and quality
while reducing costs for organic farmers.
Segment Analysis
The global organic farming market is segmented by farm type into arable crops,
permanent crops, and permanent meadows & pastures. Permanent crops segment
dominates the market owing to high demand for organic fruits and vegetables.
Organic farming of permanent crops such as citrus fruits, banana, grapes, and
other fruits see high preference among farmers due to premium prices and
increasing health consciousness among consumers.
Key Takeaways
Organic
Farming Market Size is expected to witness high growth, exhibiting CAGR of
10% over the forecast period, due to increasing consumer preference for
chemical-free food products and stringent regulations regarding the use of
agrochemicals.
Regional analysis
North America dominates the global organic farming market attributed to the
growing organic farmland and rising adoption of organic techniques among
farmers in the US and Canada. Europe is also a major market for organic farming
due to stringent food quality and safety regulations in the EU countries
driving adoption of organic practices.
Key players
Key players operating in the organic farming market are Picks Organic Farm,
Organic Farmers Co., The Indian Organic Farmers Producer Company Limited
(IOFPCL), Bayer AG, Camson Bio Technologies Limited, and ZUWA Organic Farms
Pvt. Ltd among others. The Indian Organic Farmers Producer Company Limited
(IOFPCL) is one of the largest organic farmers producer companies in India with
a network of more than 70,000 organic farmers across several states of India.
Read More:
https://www.ukwebwire.com/organic-farming-market-size-share-growth-outlook-2023/
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