Organic Food and Beverage Industry Predicted to Grow 15%

Market research firm releases report forecasting large growth in the organic food and beverage industry by 2019

Transparency Market Research has launched a new market report titled Organic Food & Organic Beverages Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 and according to the numbers in the report, the demand for organic food and beverages is expected to jump from $70.7 billion in 2012  to $187.85 billion by 2019, growing at a rate of 15.5 percent from 2013 to 2019.

In 2012, organic fruits & vegetables led the food segment and accounted for 38.9% share of the market and are expected to maintain their dominance over the next six years, while organic dairy products are expected to grow 14.1% from 2013 to 2019 due to advancement in technologies which provide products with an extended shelf life. Organic meat, fish and poultry products occupy a very small share in the current market, but they are expected to increase their market share in future due to development of new and innovative products in this segment and is expected to reach the fastest growth rate of 14.6% from 2013 to 2019. Organic coffee and tea accounted for 39.8% of the total beverage revenue share in 2012, and organic beer and wine beverages are expected to grow at a rate of 24.5% from 2013 to 2019. 

According to the release, organic foods are defined as produced using animal and environment friendly farming methods. Globally, organic farming is practiced in 162 countries. In 2011, there were 37.2 million hectares of organically managed farmland and organic farming accounted for 0.86% share of the agricultural land. To read more, click HERE.