Organics in the U.S.
The U.S. is the highest demand generator for organic food in the world.
According to the recently published report by TechSci Research "United States Organic Food Market Forecast & Opportunities, 2018," the western region is contributing mainly to the country’s organic food market revenues on the back of growing domestic production and increasing awareness. The report predicts the U.S.'s organic food market revenues will grow at the CAGR of around 14% during 2013-18.
The report reveals that organic food market is mainly divided into three segments: organic fruits & vegetables, organic dairy products and organic packaged food, where organic fruits & vegetables have highest demand. However, with the increasing health concerns the market for meat, poultry, fish, etc., are expected to gain market share.
"United States Organic Food Market Forecast & Opportunities, 2018" report further reveals that the nation's organic food market is dominated by companies like Whole Food Market, Amy’s Kitchen, Hain Celestial, Eden Foods, and Cropp Cooperative, etc.
"The organic food market contributed about 4% to the country’s overall food market in terms of revenues during 2010. Furthermore, the retail organic food market is an emerging trend in the country. Therefore, with the increased consumer food expenditure of about 7.67% during 2010-12 the demand for organic food through retail sales medium is anticipated to increase," said Karan Chechi, research director with TechSci Research, a research based global management consulting firm.