The Global Organic Beverage Market is estimated to to double in the next five years with a Compound Annual Growth Rate of 12.75%
Hyderabad, India -- (SBWIRE) -- 01/11/2018 -- The Global Organic Beverage Market is estimated to reach $161.21 billion by 2022 from $78.47 billion in 2016, with a CAGR of 12.75% during the forecast period 2016-2022.
Organic production virtually eliminates the use of expensive external inputs such as fertilizers and plant protection substances, organic beverages are recognised as the beverage which does not contain synthetic pesticides, artificial flavours, colours, preservatives, growth hormones, and is not altered using genetic engineering techniques. Chemical fertilizers are replaced by compost and expensive hybrid seeds are replaced with locally kept seeds. Some of the most normally found Organic Beverages are Non-Dairy Beverage, Coffee and Tea, Alcoholic Beverage, Soda and Soft Drinks, among others.
The first one is the evolution of consumers' priorities towards the consumption of natural foods and beverages. Overall, this is the main contributor to the good performance of HW as a whole versus regular offerings. Consumers increasingly seek clean label products that are free of additives and preservatives. Social and environmental responsibilities and this links with the previous point too in relation to agriculture chemicals polluting the environment. Increase in incidences of pesticides poisoning has shifted customer's attention toward accepting organic beverages.
The key restraints of the market are the shorter shelf life of the beverages, the price of the products, inadequate technology advancements, inefficient logistic services, and limited organic farming
The Global Organic Beverage Market is segmented on the basis of Type and Distribution Channel. Based on Type, the market is classified into Non-Dairy Beverage (Rice, Oats, and Soy), Coffee and Tea, Alcoholic Beverage (Beer and Wine), Soda and Soft Drinks, and other beverages. On the basis of Channel, the global Organic Beverage is segmented into Supermarket/Hypermarket, Pharmacies, Online Retailers, and Specialized Stores. Organic Coffee and Tea segment is leading the global Organic Beverage market.
The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Middle-East and Africa. Europe is the largest market expected to command major share of 34.0% for global Organic Beverage followed by North America in 2016, due to the high rate of production and preference for organic beverages over non-organic beverages. Asia-Pacific is expected to grow at the highest CAGR of 14.94% during the forecast period 2017-2022.The developing markets of Asia-Pacific most importantly India and China, account for the high growth rate due to growing disposable incomes and increasing health concern among the middle class. Mexico, Canada, Germany, and Poland are some of the other promising countries in this market.
The major companies dominating the global Organic Beverage market are Suja Juice (USA), PepsiCo (USA), Coca-Cola (USA), Nestle (Switzerland), Starbucks (USA), Hain Celestial Group (USA), Peet's Coffee & Tea (USA), Organic Valley (USA), The J.M. Smucker (USA), and Califia Farms (USA).
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