| Source: Vantage Market Research
Pune, INDIA
WASHINGTON, April 05, 2022 (GLOBE NEWSWIRE) — The global organic food beverages market is projected to grow from USD 187.41 Million in 2021 to USD 422.22 Million in 2028 at a CAGR of 14.5% in the 2021-2028 period.
This information is provided by Vantage Market Research, in its report, titled, “organic food beverages Market Size, Share & Trends Analysis Report by Product Type (Organic Foods and Vegetables, Organic Meat, Fish and Poultry, Organic Dairy Products, Organic Frozen and Processed Foods), by Process (Processed, Unprocessed), by Distribution Channel (Supermarket/Hypermarket, Specialty Stores, Convenience Stores, Online Sales Channel), by Region (North America, Asia Pacific, Europe, Latin America) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)”.
Synopsis:
The increasing awareness among consumers regarding the health and various health benefits of consumption of organic food and beverages has majorly contributed to the growth of the global organic food and beverages market during the forecast period. The increasing environmental concerns taken place by the use of hazardous chemicals in farming and agriculture and its side-effects on the health of the consumers resulted in the growth of the organic food and beverage market. The rise in chronic diseases among consumers likes, diabetes, cancer, and cardiovascular diseases, growth in the healthcare expenditure, and rise in the trend of health consciousness are the major factors that have shifted customer’s focus towards the adoption of quality and healthy food and beverages globally and are also expected to boost the food and beverage in upcoming years. In addition, a rise in the demand for clean-label food and beverage products is expected to significantly drive the growth of the organic food and beverage industry during the forecast period. Nowadays, consumers become more conscious regarding their consumption of food and beverages, the source, and look for the government authorities in order to ensure that every product is organic and sustainable which is expected to increase the demand and growth of the organic food beverages Market in the years to come. Furthermore, the growth of the organic food and beverage market is mainly attributed to the consumer’s belief that organic food products are safe, better, and more nutritious in taste as compared to conventional food products.
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Key Insights & Findings from the Report:
List of Prominent Players in the organic food beverages Market:
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Market Segmentation:
Market Dynamics:
Drivers:
The changing lifestyle and growth in the adoption of eco-friendly farming techniques particularly in the developing economies are the major factors driving the growth of the organic food and beverage market during the forecast period. The rising number of diet centers, health centers, is further encourages the growth of organic food and beverage market value in the upcoming years. The adoption of a healthy diet among consumers in everyday life is also one of the major factors driving the growth of the organic food and beverage industry globally.
Challenges:
The shelf life of organic food and beverages is limited and this is the major challenge in the growth of the organic food and beverage market. High cost related to the items is further expected to restrict the growth of the organic food and beverage market. The recent covid-19 outbreak has adversely affected the supply and demand of organic food and beverages and has reduced the demand for organic food and beverages globally.
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Regional Trends:
Asia Pacific is predicted to grow at the highest CAGR during the forecast period. The growth of the organic food beverages Market growth is primarily attributed to the changing lifestyles and increasing consumer disposable income. Moreover, the increase in the awareness among consumers about the health benefits of organic food and beverages is due to the advancement in biological farming techniques which are projected to drive the demand for organic food and beverages in the Asia Pacific during the forecast period. Furthermore, the Asian market has a substantial number of imports of processed organic food and beverages from the developed countries of North America and Europe. The developed countries such as New Zealand, Australia, Japan, Hong Kong, Singapore, and Korea are the prime market for organic food and beverages in the Asia Pacific region which is increasing the growth of the market and region simultaneously. Moreover, there is also an increased demand for organic food and beverages in the developing countries China, and India due to the increasing awareness about the benefits of organic food and beverages among the consumers. Whereas, the rising awareness of health benefits from organic products, improving the standard of living, and rise in the disposable income of the consumers are the important factors that influence the growth of the organic food and beverage market during the forecast period.
Recent Developments:
In April 2020, Amy’s Kitchen introduced the latest gluten-free pizzas packed with vegetables. The new Veggie Crust Pizzas feature crusts prepared from organic cauliflower, sweet potato, and broccoli topped with slow-simmered tomato sauce and mozzarella cheese. These pizzas are available in cheese and spinach varieties.
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The report on the Organic Food and Beverage Market highlights:
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