The global organic food & 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.
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http://www.grandviewresearch.com/industry-analysis/organic-foods-beverages-market
http://www.grandviewresearch.com/industry-analysis/organic-foods-beverages-market
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
Grand View Research has segmented the
global organic food & beverage market on the basis of product and region:
Product Outlook (Revenue, USD Million, 2014
- 2025)
·
Organic Food
o
Fruits & Vegetables
o
Meat, Fish & Poultry
o
Dairy Products
o
Frozen & processed Food
o
Others
·
Organic Beverage
o
Non-Dairy
o
Coffee & Tea
o
Beer & Wine
o
Others
Regional Outlook (Revenue, USD Million,
2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Middle East & Africa
·
Central & South America
About
Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.