According to a new report, the demand for organic food & beverages was valued at $70.70 billion in 2012.
October 22/Albany, N.Y./PRNewswire -- Transparency Market Research has launched a new market report titled "Organic Food (Fruits & Vegetables, Meat, Fish & Poultry products, Dairy products, Frozen & Processed foods, & Others) & Organic Beverages (Non - dairy beverages, Coffee & Tea, Beer & Wine, & Others) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019." According to the report, the demand for organic food & beverages was valued at $70.70 billion in 2012 and is expected to reach $187.85 billion by 2019, growing at a CAGR of 15.5% from 2013 to 2019.
The global market has witnessed growth in recent times due to increasing consumer health awareness. In addition, widening distribution channels and increased government regulation and intervention are some of the other factors contributing toward the market growth. Shorter shelflife of the organic products and high prices of the raw materials are the major growth barriers of the market. However, increased R&D efforts for new products development provides huge market opportunity for the market players.