Organic Food and Beverages Market Revenue, Revenue, Opportunity, Business Segment Overview and Key Trends 2027
As per Market
Research Future and its latest study, the global Organic Food and Beverages
Market Revenue 2020 will analyze its ability to withstand Coronavirus-related
recession scenarios in this year and would emerge as a stronger market than other
markets would. The study predicts that the market of organic food &
beverage will score more than what it achieved in the past. The forecast for
growth seems outstanding, which will witness through the years—2018–2023.
Organic
Food and Beverages Market Revenue: Growth Boosters
The demand for
organic ingredients has matured over 10% from 2007, owing to the desire to
improve general health and the spread of awareness about the harmful effects of
synthetic ingredients. Many health risks are related to the use of conventional
food owing to the presence of chemicals, such as pesticides, antibiotics, and
many different drugs. This has resulted in consumers preferring organic food
& beverage products, which are non-toxic and environmentally friendly.
These factors have contributed the most to the growth of the global organic
food & beverages market.
Emphasize regulatory
support for organic farming has also been put a positive influence on the
market by improving supply and product quality. In this extremely dynamic market,
distribution also plays a vital role and is considered the primary factor for
the success of the organic food & beverages. The unique advantages related
to the products such as zero chemical, eco-friendly, and healthier compared to
conventional or inorganic food make the market more robust with ample of
shares. Rising consumer awareness regarding the benefits of non-genetically
modified or engineered product intake is anticipated to fuel the market in the
forecasted period.
Despite these
factors, the market also witnesses some restraining factors such as the premium
pricing of products, shorter shelf life of goods, limited options to choose
from the product assortments, and limiting extensive customer acceptance.
Organic beverages are more expensive than traditional beverages and likely to
have favorable perceptions among consumers who prefer a healthier lifestyle to
high premium prices. These factors might restrain the growth trajectory of the
market in the forecast period.
Key
Players
Dean
Foods (US), Amy's Kitchen, Inc. (US), Hain Celestial (US), General Mills, Inc.
(US), The Kroger Co. (US), The Kraft Heinz Company (US), SpartanNash Co. (US),
and Whole Foods Market Inc. (US) are the top players listed in the global Organic
Food and Beverages Market Revenue.
Market Segmentation:
The global Organic Food and Beverages
Market Revenue is studied under various segments such as type,
packaging material, and distribution channel.
By the segment of type, the market includes dairy
and frozen desserts, sweet and savory snacks, bakery and confectionery, meat
and seafood, beverages, and others.
By the segment of packaging material, the market
has included plastic, glass, paper, metal, and others.
By the segment of the distribution channel, the
market includes store-based and non-store-based. The store-based segment is
also being divided among convenience stores, supermarkets and hypermarkets,
specialty stores, and more.
Access Report @ https://www.marketresearchfuture.com/reports/organic-food-beverages-market-2524
Regional Analysis
The availability of farmlands
for organic farming in the U.S., Argentina, and Australia has forced the
regulators to frame supportive policies to boost the production output of
organic foods. As a result, increasing demand for organic foods and the
regulatory support might have a complimentary bang on organic food and
beverages market demand in the forecast period.
In various European countries
such as Germany, Denmark, Austria, and the UK, the number of organic farms has
stagnated in the last few years, affecting the entire regional organic
agricultural output. However, considerable growth is observed in other European
countries such as Belgium, France, Italy, Portugal, Slovakia, Spain, Bulgaria,
and Croatia.
The Asia Pacific organic
foods and beverages market might also witness an elevated growth rate, owing to
the escalating affluence and consumer disposable income. In fact, escalating
consumers’ awareness of health and advancement in biological farming techniques
are anticipated to oblige product demand in this region in the future
timeframe.
NOTE: Our Team of Researchers are Studying Covid19
and its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
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