Global Organic Food & Beverages Market is Expected to Reach USD 211.44 Billion by 2020: Grand View Research

Topics: Organic food, Sustainable agriculture, Food Pages: 3 (506 words) Published: March 19, 2014
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 and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/organic-foods-beverages-market

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. • Non-diary beverages including soy, rice and oat beverages accounted for over 38% of total organic beverages market revenue in 2013. However, organic beer and wine is expected to be the fastest growing organic beverage at an estimated CAGR of 25.6% from 2014 to 2020. On the other hand, global market for organic coffee and tea is expected to grow at a CAGR of 22.5% 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...
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