Market Research Future (MRFR) asserts that the Global Organic Food and Beverage Market is likely to register a stellar CAGR during the forecast period (2018-2023). The surging demand for organic F&B products among the health-conscious consumers is likely to favor the market growth globally. Organic food and beverages are generally manufactured from products which are grown by using organic farming techniques. These food and beverages items are witnessing a notable growth owing to certain benefits such as chemical and pesticide-free, healthier compared to inorganic food items, and eco-friendly.
Market Potential and Pitfalls
With increasing health-conscious consumers across the world, the demand for organic food and beverages has increased owing to their nutritional benefits. Organic food and beverage items are derived from animals and plants which are organically grown and are processed without the use of any chemical fertilizers, additives, or pesticides which contain harmful ingredients. The consumption of such food items has helped to reduce health risks like cardiac arrest as they are toxin-free and free of genetically modified organisms. They also possess a higher nutritional value, which triggers its demand among the consumers. The demand for such products further promotes the growth of the organic farming industry which focuses on eco-friendly agricultural practices. Moreover, organic farming is cost-effective and helps to improve the soil fertility which has resulted in increased crop yield. Such factors are highly contributing to the market growth during the appraisal period.
The prominent players operating in the Global Organic Food and Beverage Market Analysis comprises Dean Foods (US), Amy's Kitchen Inc. (US), Hain Celestial (US), General Mills Inc. (US), The Kraft Heinz Company (US), SpartanNash Co. (US), Whole Foods Market Inc. (US), and The Kroger Co. (US).