Organic Food and Beverage Market Global Opportunity Analysis and Industry Forecast, 2014-2022
POTLAND, 5933 NE WIN SIVERS DRIVE, # 205, OR 97220, USA, January 11, 2022 /EINPresswire.com/ – The Organic Food and Beverage Market Report, released by Allied Market Research, predicts the global market is expected to reach $ 327,600 million by 2022, up from $ 115,984 million in 2015, at a CAGR of 16.4% from 2016 to 2022. The organic beverage segment occupied a dominant share, accounting for about three-fifths of the market of organic food and drink in 2015, and is expected to maintain this trend over the forecast period. Organic fruits and vegetables and other organic food segments collectively accounted for half of the global organic food market share in 2015, while organic coffee and tea sub-segments accounted for almost a third of the organic food market. organic drinks in 2015.
Organic foods and drinks offer many advantages over conventional foods such as health benefits without harmful chemicals and others. The global market is poised to experience significant growth during the forecast period, owing to increasing income levels, awareness of the benefits of organic products, and advancement in organic farming techniques. . The demand for organic food and drink is expected to triple by 2022 compared to 2015. In addition, factors such as heavy investments and supportive investment policies by government organizations for organic farming provide opportunities. lucrative to market players. However, the high price of organic products and the low shelf life are hampering the growth of the market.
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Fruits and vegetables from organic farming have a high nutritional value and are free from pesticides and other chemicals. Additionally, organic non-dairy drinks are in high demand among consumers due to increased consumer health awareness. Therefore, this segment accounted for a significant share of the global market in 2015, followed by the fruit and vegetable segment. The popularity of organic meat, fish and poultry has increased among consumers because these products are chemical-free and contain less fat and cholesterol. In addition, the organic baby food segment is expected to see huge potential in the near future, as these products are safer than conventional baby food.
Key Findings of the Organic Food and Drink Market:
The organic food segment is expected to grow at a significant CAGR of 16.6% from 2016 to 2022.
Among organic beverages, the non-dairy beverage segment is expected to grow rapidly during the forecast period.
The organic drinks segment accounted for around three-fifths of the global market in 2015.
The Asia-Pacific region is expected to grow at the highest CAGR of 23% during the forecast period.
The coffee and tea segment accounted for almost a third of the market share in 2015.
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Today, North America and Europe jointly contribute over four-fifths of the global market. The Asia-Pacific region is expected to register the highest CAGR of 23% during the forecast period. The market for organic dairy products has the highest growth potential of any European country. Countries in Latin America and the Middle East are expected to show significant growth in the near future.
The major market players described in the report are The WhiteWave Foods Company, 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.
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Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area. We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. All the data presented in the reports that we publish are extracted through primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.
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