Organic Food and Beveragesare produced though organic farming and processing in which synthesized fertilizers and ingredients are restricted for use. Additionally, foods that are marketed as organic must not contain any artificial food additives.
Organic farming and foods have gained popularity in the recent years owing to the increasing consumer awareness on ill-effects of high chemical oriented farming and production. Additionally, the awareness among consumers has been further propelled by support from health institutes as well as food regulatory bodies.
There is high scope for the Organic Food & Beverages Market due to increasing demand and growing number of organic food stores in various regions during 2015-2020.
Regional forecast of the Organic Food & Beverages Market:
According to the IndustryARC market research study, the Global Organic Food & Beverages Market is poised to grow at a CAGR of 11.9% in the coming five years. North America & Europe altogether accounted for a share of more than 85%.
North America is the leading region with many organic food companies and natural food stores in the region. The Organic Food & Beverages Market in North America is expected to have healthy growth through 2020. Europe is the second leading region followed by Asia Pacific. Asia Pacific is potential region for organic food market and organic produce through 2020.
Segmentation and key players of the Organic Food & Beverages Market:
The Organic Food & Beverages Market is segmented into various categories in the IndustryARC market research analysis report by food type, by distribution channel and by geography.
1. By food type: bakery, dairy, packaged food, beverages, organic fruits and vegetables and others
2. By distribution channel: retail (retail chains, exclusive food stores and online organic food stores), wholesalers and distributors
3. By geography: North America, South America, Europe, Asia Pacific and ROW
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The key players in the Organic Food & Beverages Market as mentioned in the IndustryARC research report are as follows:
· White Wave foods Inc. (U.S.)
· Hain Celestial Group Inc. (U.S.)
· Organic Valley (U.S.)
· Rapunzel Naturkost GmbH (Germany)
· Nature’s path foods (Canada)
The Organic Food & Beverages Market is a thriving market with high scope in various regions owing to the rising demand for organic foods. This market is expected to witness high growth due to increasing awareness among people and increasing production of natural foods during 2015-2020.
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