Organic Food and Beverages Market to Hit $ 104.50 Billion by 2015

The global organic food and beverages market is expected to grow from $57.2 billion in 2010 to $104.5 billion in 2015 at an estimated CAGR of 12.8%.

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Dallas, TX -- (SBWire) -- 10/29/2014 --The report “Global Organic Foods & Beverages Market Analysis by Products, Geography, Regulations, Pricing Trends, & Forecasts (2010 – 2015)” analyzes the organic food, beverages, and supplements market by products ad geography and studies the major market drivers, restraints, and opportunities for organic food and beverages in major geographies of North America, Europe, Asia, and ROW. The global organic food and beverages market is expected to grow from $57.2 billion in 2010 to $104.5 billion in 2015 at an estimated CAGR of 12.8%.

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Global organic food and beverages market is driven by key factors such as increasing consumers’ awareness towards organic benefits, increased organic farming in the world, and implementation of government regulations. Demand for organic food and beverages is increasing in conventional food supply stores because of development of private labels and increasing interest of large retailers such as Wal-Mart, Tesco, and Safeway to sell organic products. The organic food and beverages market is also expected to benefit from subsidies, financial aids, and R&D programs conducted by different government and non-government organizations such as FiBL (Switzerland), APEDA (India) and USDA (U.S.) to support conventional farmers to switch to organic farming.

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North America is expected to witness a CAGR of 11.9% from 2010 to 2015. The rest of the World (ROW) segment (which includes Latin America, Australasia, and others) is expected to witness the highest CAGR of 16.2%. In 2010, Europe had the largest share in the global organic food and beverages market with revenue of $27.8 billion. Germany is the biggest consumer in Europe with a share of 32% of organic food and beverages in the region. Asian organic food market is expected to grow at an estimated CAGR of 20.6% from 2010 to 2015. Japan leads the Asian countries in terms of organic food consumption with nearly 54% of the share in 2010. Fresh produces (fruits and vegetables) are the highest selling organic food categories with 37% of the organic foods segment in terms of revenue. Organic supplements are the fastest growing segments in the organic industry with an estimated CAGR of 22.3% from 2010 to 2015; with Europe expected to continue its dominance in the segment for the same period.

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