Mississauga, ON -- (SBWIRE) -- 01/08/2016 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) 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:
http://www.allpennystocks.com/aps_ca/special-reports/567/organto-announces-planting-for-recently-acquired-53-hectare-organic-farm-shares-up-over-5-percent-on-news.htm
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