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Global organic food and beverages market to reach $104 billion

Global organic food and beverages market to reach $104 billion
A new report, "Global Organic Foods & Beverages Market Analysis by Products, Geography, Regulations, Pricing Trends, & Forecasts (2010 – 2015)” forecasts an estimated compound annual growth of 12.8 percent for the global organic food and beverages market. This will result in a significant expansion of the market, which was estimated at $57.2 billion in 2010. By 2015, the global organic food and beverages market is expected to reach $104.50 billion.

Researchers state that global organic food and beverages market is driven by key factors such as increasing consumers' awareness towards organic benefits, increased organic farming in the world and implementation of government regulations. The study also notes that demand for organic food and beverages also is increasing in conventional food supply stores because of development of private labels and increasing interest of large retailers such as Walmart, Tesco, and Safeway to sell organic products. Additionally, researchers note that the organic food and beverages market is also expected to benefit from subsidies, financial aids, and R&D programs conducted by different government and non-government organizations such as the USDA, FiBL (Switzerland) and APEDA (India) to support conventional farmers to switch to organic farming.

North America is expected to witness a CAGR of 11.9 percent from 2010 to 2015. The rest of the World (ROW) segment (which includes Latin America, Australasia, and others) is expected to witness the highest CAGR of 16.2 percent. In 2010, Europe had the largest share in the global organic food and beverages market with revenue of $27.8 billion. Germany is the biggest consumer in Europe with a share of 32 percent of organic food and beverages in the region. Asian organic food market is expected to grow at an estimated CAGR of 20.6 percent from 2010 to 2015. Japan leads the Asian countries in terms of organic food consumption with nearly 54 percent of the share in 2010. Fresh produces (fruits and vegetables) are the highest selling organic food categories with 37 percent of the organic foods segment in terms of revenue. Organic supplements are the fastest growing segments in the organic industry with an estimated CAGR of 22.3 percent from 2010 to 2015; with Europe expected to continue its dominance in the segment for the same period.

The study, which is available from global market research and consulting company MarketsandMarkets (M&M) { http://www.marketsandmarkets.com/AnalystBriefing/organic-food.asp , includes 108 market data tables/figures, analyzes the organic food, beverages, and supplements market by products and geography, and studies the major market drivers, restraints, and opportunities for organic food and beverages in major geographies of North America, Europe, Asia, and ROW (rest of the world.)

The report focuses on two segments: by products and by geography. The product segmentation covers different organic food and beverages categories such as fresh produce, dairy products, coffee, tea, meat, poultr, and processed organic foods. The second segmentation discusses about the major countries in different geographies. The report also discusses the major regulations, trends, challenges, and opportunities in organic food and beverages industry. Main market players and their new product launches, mergers and acquisitions, and agreements are discussed in the competitive landscape.

( Source: Packaging Digest )

 

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