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All Penny News: Organto Announces Planting for Recently Acquired 53-Hectare Organic Farm, Shares Up over 5 Percent on News


Mississauga, ON -- (SBWIRE) -- 01/08/2016 -- Media, Inc. ( announces its latest article titled "Organto Announces Planting for Recently Acquired 53-Hectare Organic Farm, Shares Up Over 5 Percent On News."

Companies mentioned in this article include Organto Foods Incorporated (TSX-Venture:OGO).

Article Excerpt:

According to a report by Organic Monitor on the global organic food & drink market, the global market for organic products is worth some $70 billion. North America accounts for around 50% of the market, according to the report.

The U.S. is expected to see solid growth over the next few years, according to a separate report. The report entitled, "United States Organic Food Market Forecast & Opportunities, 2018" notes that solid growth for the U.S. organic food market is expected to continue until 2018. The organic food market in the U.S. is expected to grow at a compound annual growth rate (CAGR) of 14%.

Karan Chechi, Research Director at TechSci Research, notes that in 2010, the organic food market accounted for around 4% of the U.S.'s overall food market. However, demand for organic food products continues to increase. According to a 2012 estimate by the Organic Trade Association, around 81% of the families in the U.S. reported that they purchased organic food at least some times.

The full version of this article can be found at:

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