Organic Foods and Beverages Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe global organic food and beverage market is expected to
reach USD 320.5 billion by 2025, according to a new report by Grand View
Research, Inc. Growing popularity of non-GMO products among consumers, owing to
the health benefits associated with their consumption, is expected to drive the
demand over the forecast period.
Fruits and vegetables dominated the global organic
food market accounted for over 37% of revenue share in 2015. Furthermore,
increasing consumption of meat and poultry products resulted in the fastest
growth of the segment and is expected to grow substantially at a CAGR of 13%
over the forecast period.
Non-dairy beverages such as rice, soymilk, and oat
beverages accounted for over 33% of the total share of organic beverages market
in 2015. However, beer and wine is projected to grow substantially at a CAGR of
13.5% over the forecast period owing to increasing global economic conditions
and high consumption of a broad range of flavored beverages.
Further
key findings from the report suggest:
- The global organic food market was valued at USD 77.4 billion in
2015 and is expected to witness highest growth in Asia Pacific from 2016
to 2025
- Fruits & vegetables emerged as the largest organic food product
segment in 2015 and is estimated to generate revenue over USD 110 billion
by 2025
- Frozen & processed food demand was over USD 11 billion in 2015
and is anticipated to witness significant growth over the next few years
- Beverage market is estimated to exceed USD 55 billion by 2025, and
anticipated to grow at a CAGR of 13.1% over the next nine years
- Coffee & tea is expected to emerge as the fastest growing sector
with a CAGR of more than 15% from 2016 to 2025
- The U.S. is the largest market in North America and was valued over
40 billion in 2015, owing to the growing consumer resistance for
genetically modified and chemically grown crops in the region
- The industry in Asia Pacific is projected to witness fastest growth
over the forecast period and account for over 12% of global revenue by
2025. Asia Pacific is projected to witness highest growth on account of
growing agriculture sector in the region coupled with robust domestic
demand has led to significant demand for the product.
- Key players including Whole Foods Market Inc., General Mills, Inc.,
Everest, Cargill, Inc., WhiteWave Foods, Danone, and United Natural Foods,
Incorporated dominated the global organic food & beverage market
Access
full research report on global organic foods and beverages market:
www.grandviewresearch.com/industry-analysis/organic-foods-beverages-market
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Created on Oct 22nd 2019 08:50. Viewed 439 times.