News of Organic Industry

Organic food and beverages market should reach $211.44 billion by 2020
A recent study by Grand View Research, Inc. observes the organic food & beverages market to grow at about 15.5 % CAGR during 2014 to 2020 (forecast period), according to Medgadget.

The study also estimates the market to fetch around USD 212 million by the end of the said period. This may be attributed to health awareness regarding the consumption of inorganic food & beverages. Inorganic foods are loaded with antibiotics, pesticides, etc and injurious to human health. Conversely, organic food & beverages are non-toxic and environment-friendly. Therefore, their demand has risen by 10% since 2007. However, huge price differences exist between organic and inorganic products. Moreover, organic ones have limited shelf life. Yet, the future looks bright for the organic food & beverages market. This is partly due to governmental support favoring these products.

More than one hundred and sixty nations across the world are engaged in organic farming. The North American organic food & beverages market, with close to half of the total revenues dominated in 2013. Europe followed the former and captured around 44% share that year. Asia Pacific will be the fastest-growing region in the near future. The global market is highly fragmented and very competitive.
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