Global organic food & beverages market is expected to reach USD 211.44 billion by 2020, growing at a CAGR of 15.7% from 2014 to 2020. Growing adoption of organic food & beverages owing to associated health benefits and eco-friendly characteristics is expected to drive demand over the next six years. In addition, regulatory support for organic farming is also expected to have a positive influence on the market by improving supply and product quality.
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Further key findings from the study suggest:
Non-diary beverages including soy, rice and oat beverages accounted for over 38% of total organic beverages market revenue in 2013. However, organic beer and wine is expected to be the fastest growing organic beverage at an estimated CAGR of 25.6% from 2014 to 2020. On the other hand, global market for organic coffee and tea is expected to grow at a CAGR of 22.5% from 2014 to 2020.
North American market for organic food and beverages was valued at over USD 38 billion in 2013. U.S. dominated the North American market for organic food & beverages and accounted for more than 90% of the regional market in 2013. However, Asia Pacific is expected to be the fastest growing market for organic food & beverages at an estimated CAGR of 28.5% from 2014 to 2020. Japan dominated the Asian market for organic food and beverages accounting for over 44% of total market revenue in 2013. China is projected to be the fastest growing country at an estimated CAGR of 29.4% from 2014 to 2020.
Some of the major companies operating in the global market for organic food & beverages include Hain Celestial Group, Amy’s Kitchen Inc., Whole Foods Market, Organic Valley Family of Farms and Starbucks.
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For the purpose of this study, Grand View Research has segmented the global organic food & beverages market on the basis of product and region:
Organic Food Product Outlook (Revenue, USD Million; 2012-2020)
Fruits & Vegetables
Meat, Fish & Poultry Products
Frozen & Processed Food
Organic Beverages Product Outlook (Revenue, USD Million; 2012-2020)
Coffee & Tea
Beer & Wine
Regional coverage of the database includes:
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