May 13th, 2022
Organic Food and Beverage Market
Organic Food and Beverage Market was estimated at USD 179 billion and is forecast to expand at a CAGR of 15% over the forecast period. Growing concern towards hazardous chemicals used in farming and its impact on consumers health has bolstered the Organic Food and Beverages Market Size.
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Rising purchasing power of consumers, growing drift towards nutritional beverages, and rising investment in research and development by the key players are driving the organic food and beverage market. Growing concerns towards health has inclined individuals to choose natural food, which has fueled the market growth. Several leading producers are emphasizing on labelled organic drinks such as sugar free juice and natural fruit to cater to the growing demand for the market. However, the high operational, marketing, and production cost might hamper the market growth.
By product type, organic beverage segment is anticipated to witness a promising growth over the forecast period, owing to the increasing concern about the use of artificial additives and preservatives. Also, the Organic Food and Beverages Market report projects that the surge in demand for organic fruits and vegetables will pave the way for market.
By Region, the North America region is predicted to expand at a higher CAGR over the forecast period, due to the growing inclination towards healthy diet pattern and rising incidences of diseases.
Leading players operating in the market include Belvoir Fruit Farms Ltd., Amy’s Kitchen Inc., Nestle SA, Danone S.A., PepsiCo Inc., The Hain Celestial Group Inc., Organic Valley, Kraft Foods Inc., General Mills Inc., Starbucks Corporation, Eden Foods Inc., United Natural Foods, Inc., The Coca-Cola Company,and The Kroger Co., among others.
· In 2020, PepsiCo Inc., expanded its digital footprint to cater the growing needs of the consumers during the coronavirus pandemic. The company will offer its product such as Quaker, Sunchips, and other beverages through Pantryshop.com.
· In 2019, The Hain Celestial Group Inc., accomplished its strategic sales of Tilda, an exclusive rice brand, for a purchase price of $342 million.
Organic Food and Beverage Market Segmentation:
Organic Food and Beverage Market by Product
· Organic Food
· Fruits & Vegetable
· Meat, Fish & Poultry
· Dairy Products
· Frozen & Processed Food
· Organic Beverages
· Non-Dairy Products
· Coffee & Tea
· Beer & Wine
Organic Food and Beverage Market by Distribution Channel
· Convenience Stores
· Specialty Stores
· Online Stores
Organic Food and Beverage Market by Region:
· Asia Pacific
o Rest of APAC
· North America
o United States of America
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
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