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Updated: April 21, 2022 @ 12:50 am
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SAN FRANCISCO, April 20, 2022 /PRNewswire/ — The global organic food and beverages market size is expected to reach USD 564.22 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to expand at a CAGR of 13% from 2022 to 2030. The various health benefits associated with the intake of organic food & beverages and rising health consciousness amongst consumers have encouraged the growth of the global organic food & beverages market.
Key Insights & Findings from the report:
Read 80 page market research report, “Organic Food And Beverages Market Size, Share & Trends Analysis Report By Product (Organic Food, Organic Beverages), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2022 – 2030“, published by Grand View Research.
Organic Food & Beverages Market Growth & Trends
The term “organic” refers to the way agricultural products are cultivated, and its regulations vary from country to country. For instance, in the U.S. organic crops must be grown without the use of synthetic pesticides, herbicides, fertilizers, or genetically modified genes (GMOs). Growing adoption of organic and natural products is linked to their eco-friendly characteristics. These crops are enriched with nutrients such as vitamins, minerals, antioxidants, and free of any additives or preservatives that might cause allergic reactions in some people.
Organic fruits and vegetables of organic food dominated the market, contributing 39.9% market share in 2021. The segment is projected to maintain its leading position during the forecast period. Moreover, increasing consumption of meat and poultry products is likely to grow at the fastest pace. Rising concerns regarding artificial additives and preservatives is anticipated to enhance the growth of the segment.
Non-dairy organic beverages are prepared using sources such as plant sources such as legumes, nuts, and cereals. The segment accounted for a significant share of 33.7% in 2021 as they are used as a milk substitute. Furthermore, initiatives undertaken by various government around the world to raise awareness about non-GMO and organic products and growing vegan culture is boosting the demand for non-dairy organic beverages. Organic Food & Beverages Market Segmentation
Organic Food & Beverages Market Segmentation
Grand View Research has segmented the global organic food and beverages market on the basis of product, distribution channel, and region:
Organic Food & Beverages Market Product Outlook (Revenue, USD Million, 2017 – 2030)
Organic Food & Beverages Market Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)
Organic Food & Beverages Market Regional Outlook (Revenue, USD Million, 2017 – 2030)
List of Key Players in the Organic Food and Beverages Market
Check out more related studies published by Grand View Research:
Browse through Grand View Research’s Consumer F&B Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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View original content:https://www.prnewswire.com/news-releases/organic-food-and-beverages-market-to-be-worth-564-22-billion-by-2030-grand-view-research-inc-301528834.html
SOURCE Grand View Research, Inc.
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