Ethical Label Market Size

Ethical Label Market size was over USD 938.46 billion in 2023 and is poised to exceed USD 2.23 trillion by 2036, growing at over 6.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of ethical label is evaluated at USD 990.26 billion.

Increasing awareness and concerns regarding the right food consumption drive F&B companies toward transparency and for the adoption of ethical label food products. What influences the global market is the rising interest in fair trade practices, ethical sourcing, and sustainability in the consumer groups. People now are highly aware of the impact of individual consumption of food products on the environment which may boost the demand for labelling, which in turn is anticipated to promote the growth of the market to grow at a significant CAGR during the forecast period. The promotion of high moral measures for manufacturing and consumption is highly stimulating the market and motivating companies to go for ethical label that respect environmental sustainability, promotes social justice, animal well-being, and equality, and makes the workplace better.