Global Organic Food and Beverages Market 2017-2021
About Organic Food and Beverages
Organic food and beverages are made from raw materials that do not contain pesticides, fertilizers, or chemicals and are produced by methods that comply with the standards of organic farming. The global organic food and beverages market is a key segment of the global food and beverages market. From a top-down perspective, Technavio has analyzed the global food and beverages market as a parent market to set the context in which the global organic food and beverages will be analyzed. The global food and beverages market is the parent market of the global organic food and beverages market. The organic food and beverages is one of the highest growing segments in the global food and beverages market because of the rising awareness among the consumers about the healthy aspects of organic products.
Technavio’s analysts forecast the global organic food and beverages market to grow at a CAGR of 13.76% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global organic food and beverages market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Organic Food and Beverages Market 2017-2021
Technavio recognizes the following companies as the key players in the global organic food and beverages market: Amy's Kitchen, Hain Celestial, General Mills, Danone, Nestlé, and Organic Valley
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Innovation in products and new product launches. The organic food and beverages market has seen steady and strong growth. Yet, this market requires product innovations and dynamism to be able to remain lucrative. Producers of organic products innovate greatly in terms of nutrition and health. The populace is becoming gradually aware of the ill-effects associated with the consumption of inorganic products, which has led the organic products manufacturers to develop greater varieties and newer products only to be able to gain a greater market share. Some of the well-admired innovations in the organic food and beverages market are organic bamboo tea, organic soy sauce, and biological milk.”
According to the report, one of the major drivers for this market is Increasing awareness about benefits of organic food and beverages. There has been an increasing awareness of the health benefits among people owing to the consumption of organic food and beverages. The growing health-related problems across the globe have made the consumer be aware of the ingredients that they consume and, hence, they are more akin to the consumption of organic food and beverages. The use of excessive pesticides, fertilizers, ionizing radiation may make things easier for the producers of inorganic food and beverages, but it also increases health-related issues among the general populace in direct proportion. The consumer today, becoming aware of such rampant usage of harmful chemicals, has been hugely dissuaded from the consumption of inorganic products, directly leading to the growth in demand for organic food and beverages.
Further, the report states that one of the major factors hindering the growth of this market is High prices of organic products. The retail prices of organic food products are much higher than conventional food products. The factors causing high prices are limited farming, time-consuming production, and greater labor input. As chemicals, pesticides, artificial fertilizers, and growth hormones are not used to produce organic food products; they consume greater time and effort. High prices often restrict the purchases by affluent classes of the society residing in developed European countries. Other problems such as recession and economic uncertainties also affect the purchasing power of consumers. This can further affect the sales of organic food products in the market. However, with advancements in technology and emergence of private label brands, this concern will go down to some extent.
Amy's Kitchen, Hain Celestial, General Mills, Danone, Nestlé, and Organic Valley
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