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Global Organic Food and Beverages to reach USD 100.7 billion by 2016: Ken Research
Future Growth Led by Rising Health and Environmental concerns leading to Surge in Demand
The demand for organic food and beverages in countries such as the US, Japan and Germany has been robust over the past 6 years, growing at significantly high growth rates. On the other hand, countries such as Switzerland, Denmark and Austria are the developing markets for organic with sales rising moderately in the recent years. With the emergence of markets such as the UK, France, Italy, Spain and Netherlands the global organic food industry has become prolific and thus these countries have captured significant market share in the last few years.
The global organic food and beverages market is classified on the basis of regions- North America, Europe and Asia-Pacific. North American market represents the largest market in the global organic food and beverages market followed by Europe and Asia-Pacific.
According to the research report “Global Organic Food and Beverages Industry Outlook to 2016 - Rising Health Awareness Anticipated to Escalate Demand” by Ken Research, the global organic food and beverages market would grow at a reasonable CAGR rate thus reaching USD 100.7 billion by 2016 due to the major push from the emerging markets of China, India and Japan.
Increasing health concerns among people, awareness about the detrimental effects of pesticide residues in food and its impact on health, rising food scarcity, government support through various subsidies and increasing trend of standardization for organic foods are expected to drive the global organic food and beverages market positively in next five years.
The report provides detailed overview on the organic food and beverages market in the world and helps readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will aid industry consultants, organic food producing companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
For more information on the industry research report please refer to the below mentioned link: