Global organic food & beverages market is expected to reach USD 211.44 billion by 2020, growing at a CAGR of 15.7% from 2014 to 2020. Growing adoption of organic food & beverages owing to associated health benefits and eco-friendly characteristics is expected to drive demand over the next six years. In addition, regulatory support for organic farming is also expected to have a positive influence on the market by improving supply and product quality.
The report “Organic Food & Beverages Market Analysis and Segment Forecasts to 2020,” is available now to Grand View Research customers.
Further key findings from the study suggest:
• Organic fruits and vegetables emerged dominated the product market, accounting for over 35% of global market revenue in 2013. However, meat, fish & poultry are expected to be the fastest growing organic food products, at an estimated CAGR of 14.6% from 2014 to 2020.
• North American market for organic food and beverages was valued at over USD 38 billion in 2013. U.S. dominated the North American market for organic food & beverages and accounted for more than 90% of the regional market in 2013. However, Asia Pacific is expected to be the fastest growing market for organic food & beverages at an estimated CAGR of 28.5% from 2014 to 2020. Japan dominated the Asian market for organic food and beverages accounting for over 44% of total market revenue in 2013. China is projected to be the fastest growing country at an estimated CAGR of 29.4% from 2014 to 2020.
• Some of the major companies operating in the global market for organic food & beverages include Hain Celestial Group, Amy’s Kitchen Inc., Whole Foods Market, Organic Valley Family of Farms and Starbucks.
