The global organic food & beverage market is expected to reach US$320.5 billion by 2025, according to a report by Research ad Markets. Growing popularity of non-GMO products among consumers, owing to the health benefits associated with their consumption, is expected to drive the demand over the forecast period.
Fruits and vegetables dominated the global organic food market accounted for over 37 percent of revenue share in 2015. Furthermore, increasing consumption of meat and poultry products resulted in the fastest growth of the segment and is expected to grow substantially at a CAGR of 13 percent over the forecast period.
Non-dairy beverages such as rice, soymilk, and oat beverages accounted for over 33% of the total share of organic beverages market in 2015. However, beer and wine is projected to grow substantially at a CAGR of 13.5 percent over the forecast period owing to increasing global economic conditions and high consumption of a broad range of flavored beverages.
The industry in Asia Pacific is projected to witness fastest growth over the forecast period and account for over 12 percent of global revenue by 2025. Asia Pacific is projected to witness highest growth on account of growing agriculture sector in the region coupled with robust domestic demand has led to significant demand for the product.
Source: Asia Food Journal