The global organic food and beverages market revenue stood at US$ 165.52 billion in 2018 and is expected to grow at a CAGR of 17.05% during the forecast period of 2020 - 2027.
Organically produced food and beverages provides an answer to human requirement for nutritious food. Organic food and beverages are products which are obtained from organically grown plants and animals. Organic products are free from Genetically Modified Organisms (GMOs) and considered to be environment friendly. Organic food products are grown without the use of fertilizers, pesticides and other synthetic chemical while organic animals are raised without injecting any sort of antibiotics. Burgeoning demand from consumer side owing to various health benefits offered by organic products has opened up wide range of opportunity for organic food manufacturers.
Organic food and beverages which were previously sold in limited number of retail stores have now become prevalent across various retail outlets, supermarkets, and online platforms. The organic food and beverages market is driven by factors such as growing health awareness, increasing government support to promote organic farming, rising disposable income, and increasing organic farming practices. As reported by Research Institute of Organic Agriculture (FiBL), there are almost 3 million organic producer in the world with India being the home for nearly 30% of total producers.
At present, organic coffee and tea have witnessed higher demand potential. This segment has high rate of adoption in the organic food and beverages market due to unique advantages provided by the organic coffee and tea such as helping in weight loss. Organic fruits and vegetables is the next segment, which registered highest organic food and beverages market share, currently also expected to register the higher growth rate in the near future. The rapid growth of demand for fresh and healthy foods drives the market to take a hike.
The key market players profiled in the report are WhiteWave Foods Co., Hain celestial Group, Inc., General Mills Inc. United Natural Foods, Inc., SpartanNash Company, Amy's Kitchen, Inc., Dean Foods Company, Starbucks Corporation, The Kroger Co., and Whole Foods Market Inc.
Other key players (not profiled in the report) include Albertsons Companies, Inc., Cargill, Inc., Kraft Heinz Co., Danone SA, Kellogg Co., ConAgra Brand, Inc., Kerry Group Plc, The J. M. Smucker Co., Dole Food Company, Inc., and Organic Valley Cropp Cooperative.
On the basis of geography, the organic food and beverages market has been segmented into North America, Europe, Asia Pacific and LAMEA. Asia-Pacific holds fastest market growth estimated at CAGR 22.9% for the forecast period, though largest market share is controlled by North America and is expected to continue the market dominance through 2027. Asia-Pacific organic dairy products market is estimated to rise with a prolific CAGR of 17.05% for the forecast period.
Organic Food And Beverages Market Key Market segments:
• Product Outlook (Revenue, USD Million, 2020- 2027)
• Organic Foods
o Fruits & Vegetables
o Meat, Fish & Poultry
o Dairy Products
o Frozen & processed Food
• Organic Beverages
o Coffee & Tea
o Beer & Wine
• Regional Outlook (Revenue, USD Million, 2020 - 2027)
• North America
• Asia Pacific
• Middle East & Africa
• Central & South America
TOC NOT FOUND
Abstract Market Research
Call at: +1-209-813-4101 | +91-9730047721