According to a new report published by Allied Market Research, titled, “Organic Food and Beverages Market by Organic Foods (Organic Foods and Vegetables, Organic Meat, Fish and Poultry, Organic Dairy Products, Organic Frozen and Processed Foods, Other Organic Foods), and Organic Beverages (Organic Non Dairy Beverages, Organic Coffee and Tea, Organic Beer and Wine, and Other Organic Beverages) – Global Opportunity Analysis and Industry Forecast, 2014-2022”.
The global organic food and beverages market is expected to reach $327,600 million by 2022, from $115,984 million in 2015, at a CAGR of 16.4% from 2016 to 2022.
The organic beverages segment occupied a dominant share, accounting for about three-fifths of the market in 2015, and is expected to maintain this trend during the forecast period. The organic fruits and vegetables and other organic food segments collectively accounted for half of the global organic food market share in 2015, whereas the organic coffee and tea sub segments contributed nearly one-third share of the organic beverages market in 2015.
Organic foods and beverages offer ample advantages over conventional foods such as health benefits, free of harmful chemicals, and others. The global market is poised to witness significant growth during the forecast period, owing to increase in income levels, rise in awareness regarding advantages of organic products, and advancements in organic farming techniques.
The demand for organic food and beverages is anticipated to increase by three-folds by 2022 as compared to that in 2015.
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Organically grown fruits and vegetables have high nutritive value, and are free from pesticides and other chemicals. Furthermore, organic nondairy beverages are in high demand among consumers due to increase in health awareness among consumers.
Therefore, this segment accounted for significant share of the global market in 2015, followed by the fruits and vegetables segment. The popularity of organic meat, fish, and poultry has increased among consumers, as these products are free from chemicals and contain less fat and cholesterol.
Presently, North America and Europe jointly contributed for more than four-fifths share of the global market. The Asia-Pacific region is anticipated to register the highest CAGR of 23% during the forecast period.
The organic dairy products market has the highest potential for growth in European countries. The countries in Latin America and the Middle East are projected to exhibit significant growth in the near future.
Though establishment of exclusive diet centers, untapped geographical regions such as India, South Africa which are offering a rising demand, limited shelf life of organic foods pose limitations in the market. However, each factor would have its definite impact on the market during the forecast period.
Key Market Players Profiled In The Report:
- • 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.
• Organic Valley Crop.
Organic Food and Beverages Market Key Findings:
♦ The organic food segment is projected to grow at a significant CAGR of 16.6% from 2016 to 2022.
♦ Among organic beverages, the nondairy beverages segment is projected to grow rapidly during the forecast period.
♦ The organic beverages segment accounted for about three-fifths of the global market in 2015.
♦ The Asia-Pacific region is projected to grow at the highest CAGR of 23% during the forecast period.
♦ The coffee & tea segment accounted for nearly one-third share of the market in 2015.
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Category: Market Research Publishers and Retailers Profile: Allied Market Research is a global market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market dom …