Organic food and beverages market is expected to reach $327,600 million by 2022, registering a CAGR of 16.4% by 2022. The market offers size, share & trends.
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Portland, OR — (SBWIRE) — 06/12/2017 — Organic Food and Beverages Market Report, published by Allied Market Research projects that the global market is expected to reach $327,600 million by 2022, from $115,984 million in 2015, at a CAGR of 16.4% from 2016 to 2022. The organic beverages segment occupied a dominant share, accounting for about three-fifths of the market in 2015, and is expected to maintain this trend during the forecast period. The organic fruits and vegetables and other organic food segments collectively accounted for half of the global organic food market share in 2015, whereas the organic coffee and tea sub-segments contributed nearly one-third share of the organic beverages market in 2015.
Organic foods and beverages offer ample advantages over conventional foods such as health benefits, free of harmful chemicals, and others. The global market is poised to witness significant growth during the forecast period, owing to increase in income levels, the rise in awareness regarding advantages of organic products, and advancements in organic farming techniques. The demand for organic food and beverages is anticipated to increase by three-folds by 2022 as compared to that in 2015. In addition, factors such as heavy investment and supportive investment policies by a government organization for organic farming provide lucrative opportunities to market players. However, the high price of organic products and low shelf life hamper the market growth.
Though the establishment of exclusive diet centers, untapped geographical regions such as India, South Africa which are offering a rising demand, limited shelf life of organic foods pose limitations in the market. However, each factor would have its definite impact on the market during 2016 to 2022.
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