According to the report, the demand for organic food & beverages was valued at USD 70.70 billion in 2012 is expected to reach USD 187.85 billion by 2019, growing at a CAGR of 15.5% from 2013 to 2019.
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The
global market has witnessed growth in recent times due to increasing
consumer health awareness. In addition, widening distribution channels
and increased government regulation and intervention are some of the
other factors contributing towards the market growth. Shorter shelf life
of the organic products and high prices of the raw materials are the
major growth barriers of the market. However, increased R&D efforts
for new products development provides huge market opportunity for the
market players.
In
2012, organic food dominated the global market and accounted for 80.6%
share of the overall demand. Organic fruits & vegetables led the
food segment and accounted for 38.9% share of the market and are
expected to maintain their dominance over the next six years. Organic
dairy products are expected to grow at a CAGR of 14.1% from 2013 to 2019
due to advancement in technologies which provide products with an
extended shelf life. Organic meat, fish & poultry products occupied a
very small share in the current market but are expected to increase
their market share in future due to development of new and innovative
products in this segment and is expected to exhibit the fastest growth
rate of 14.6% from 2013 to 2019.
Organic
coffee & tea and non dairy beverages were the market leaders in the
organic beverages space. Organic coffee & tea accounted for 39.8%
of the total beverage revenue share in 2012. Organic beer & wine
beverage are expected to grow at a rate of 24.5% from 2013 to 2019.
Organic beverages markets are witnessing growth due to increasing
consumer awareness regarding health benefits associated with it.
Moreover, due to their finished quality and better formulation
flexibility, the market is witnessing a steady rise, which leads them to
gain a significant position in the market.
North America dominated the market and accounted for over 48% of the global demand in 2012 followed by Europe
which accounted for 45.6% share for the same year. This dominance is
driven by new product launches and widening distribution channels.
Growing demand for organic food, increasing spending habits, life
quality, and changing trends in ethnicity are expected to drive organic
food & beverages market in Asia Pacific.
Most of the industry participants have been
relying on third party distributors to reach their target customers.
However, few giant companies have their own distribution and marketing
network across the world. Some of the major players of the market are
Hain Celestial Group Inc, Amy's Kitchen Inc, Organic Valley and others.
Organic Food Market: Product Analysis
- Organic Fruits & Vegetables
- Organic Meat, Fish & Poultry Products
- Organic Dairy Products
- Organic Frozen & Processed Food
- Others
Organic Beverages Market: Product Analysis
- Organic Non - dairy Beverages
- Organic Coffee & Tea
- Organic Beer & Wine
- Others
Organic Food & Beverages Market: Regional Analysis
- North America
- U.S.
- Other
- Europe
- Germany
- Other
- Asia Pacific
- Japan
- China
- Other
- RoW
- Brazil
- Other
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