Global Organic Food and Beverages Market to exceed USD 323.56 Billion by 2024 – ZMR Blog
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Global Organic Food and Beverages Market to exceed USD 323.56 Billion by 2024

Zion Market Research has published a new report titled “Organic Food and Beverages Market by Product Type {Organic Food (Organic Fruits & Vegetables, Organic Meat, Fish & Poultry, Organic Dairy Products, Organic Frozen & Processed Foods and Others) and Organic Beverages (Organic Non-Dairy Products, Organic Coffee & Tea, Organic Beer & Wine and Others)}: Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024”. According to the report, global organic food and beverages market was valued at approximately USD 124.76 billion in 2017 and is expected to generate revenue of around USD 323.09 billion by the end of 2024, growing at a CAGR of around 14.56% between 2017 and 2024.

Organic foods and beverages are produced using organic farming techniques. Organic farming is an overall system of farming and food production that combines best environmental practices, preservation of natural resources, application of high animal welfare standards and also production methods to produce in-line products by using natural substances & natural processes. Around the globe, organic farming is practiced in approximately 162 countries.

The global organic food and beverages market is segregated on the basis of product type. The product type segment is bifurcated into organic foods and organic beverages. Further, the organic food segment is divided into organic fruits & vegetables, organic meat, fish & poultry, organic dairy products, organic frozen & processed foods and others. Organic fruits and vegetable segment is expected to dominate the market in the forecast period due to the increase in awareness about products in developing countries. Organic beverages segment is sub-segmented into organic non-dairy products, organic coffee & tea, organic beer & wine and others. Non-dairy beverages such as soy milk dominated the organic beverage segment in 2015 and are expected to dominate within the forecast period.

Global Organic Food and Beverages Market

North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are the regional segments of global organic food and beverages market. North America is anticipated to remain the leading region over the forecast period due to the rapid increase in awareness about the benefits of organic food over inorganic food. Europe is expected to witness significant growth in the forecast period owing to the growth of the organic land area over various major countries such as France, Germany, Belgium, Spain, Italy, etc. The Asia Pacific is expected to exhibit rapid growth in the market due to the changes in eating style of the population and affluence of the health-related benefits of the products. Latin America and Middle East & Africa are also expected to show a steady increase due to the adoption of western food culture in various countries.

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Some of the key players in the global organic food and beverages market include The Hain Celestial Group Inc., Amy’s Kitchen Inc., Organic Valley, Private Label Companies, Whole Foods Market Inc., General Mills, Inc., Everest, Cargill, Inc., WhiteWave Foods, and United Natural Foods Incorporated. Major players are frequently engaged in research and development of new product range with enhanced shelf life and its nutrients.

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