According to a report, “Organic Foods And Beverages Market Analysis By Product (Fruits & Vegetables, Meat, Fish & Poultry, Dairy Products, Frozen & Processed Food), Organic Beverages (Non-Dairy, Coffee & Tea, Beer & Wine)), And Segment Forecasts, 2018 – 2025”, published by Grand View Research, Inc.,The global organic food & beverage market is expected to reach USD 320.5 billion by 2025, according to a new report by Grand View Research, Inc. Growing popularity of non-GMO products among consumers, owing to the health benefits associated with their consumption, is expected to drive the demand over the forecast period.
Fruits and vegetables dominated the global organic food market accounted for over 37% of revenue share in 2015. Furthermore, increasing consumption of meat and poultry products resulted in the fastest growth of the segment and is expected to grow substantially at a CAGR of 13% over the forecast period.
Key players including Whole Foods Market Inc., General Mills, Inc., Everest, Cargill, Inc., WhiteWave Foods, Danone, and United Natural Foods, Incorporated dominated the global organic food & beverage market
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Non-dairy beverages such as rice, soymilk, and oat beverages accounted for over 33% of the total share of organic beverages market in 2015. However, beer and wine is projected to grow substantially at a CAGR of 13.5% over the forecast period owing to increasing global economic conditions and high consumption of a broad range of flavored beverages.
U.S. organic food market revenue by product, 2014 – 2025 (USD Million)
Further key findings from the report suggest:
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The global organic food market was valued at USD 77.4 billion in 2015 and is expected to witness highest growth in Asia Pacific from 2016 to 2025
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Fruits & vegetables emerged as the largest organic food product segment in 2015 and is estimated to generate revenue over USD 110 billion by 2025
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Frozen & processed food demand was over USD 11 billion in 2015 and is anticipated to witness significant growth over the next few years
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Beverage market is estimated to exceed USD 55 billion by 2025, and anticipated to grow at a CAGR of 13.1% over the next nine years
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Coffee & tea is expected to emerge as the fastest growing sector with a CAGR of more than 15% from 2016 to 2025
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The U.S. is the largest market in North America and was valued over 40 billion in 2015, owing to the growing consumer resistance for genetically modified and chemically grown crops in the region
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The industry in Asia Pacific is projected to witness fastest growth over the forecast period and account for over 12% of global revenue by 2025. Asia Pacific is projected to witness highest growth on account of growing agriculture sector in the region coupled with robust domestic demand has led to significant demand for the product.
Product Insights
Organic fruits and vegetables emerged as the leading sector growing at a CAGR of over 14% over the forecast period. The trend of organic vegetables was initiated in the developed regions such as Europe and North America and has expanded to developing countries like India and China. Europe and North America are the largest consumers of organic foods.
However, the consumption of organic fish, poultry, and meat products is expected to witness highest CAGR and account for over 7% by 2025. Growing concern towards artificial preservatives and additives is expected to enhance the growth of product demand over the forecast period.
Global organic beverage market revenue by product, 2016 (%)
The organic beverages market is exponentially growing as customers prefer natural or organic drinks rather than carbonated functional beverages due to a wide-range of health benefits. Non-dairy beverages such as soy milk dominated the organic beverage segment in 2015. Coffee and tea sales are expected to witness a growth rate of 18.0% over the forecast period, owing to the increasing global economic conditions and high consumption of flavored tea and coffee by consumers.
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Growing popularity of organic products among consumers, owing to the health benefits associated with their consumption, is estimated to drive the demand. Moreover, regulatory support for the improvement in organic farming is also anticipated to have a significant impact on the market with improved product quality over the forecast period.
Rising ethnic diversity across the world has contributed towards growing consumer preference for spicy flavors and savory items over the past few years. Shifting trend towards convenient packaging has offered ample scope for implementing innovation in product packaging and launching multiple blends of flavored seasonings across various categories such as sauces, dips, dressings, and pickles.
Grand View Research has segmented the global organic food & beverage market on the basis of product and region:
Product Outlook (Revenue, USD Million, 2014 – 2025)
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Organic Food
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Fruits & Vegetables
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Meat, Fish & Poultry
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Dairy Products
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Frozen & processed Food
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Others
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Organic Beverage
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Non-Dairy
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Coffee & Tea
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Beer & Wine
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Others
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Regional Outlook (Revenue, USD Million, 2014 – 2025)
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North America
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U.S.
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Canada
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Europe
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Germany
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UK
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France
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Italy
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Asia Pacific
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China
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India
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Japan
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Middle East & Africa
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Central & South America
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