According to the TechSci Research report, "Global Organic Food Market by Product Type, by Region, Competition Forecast and Opportunities, 2011 – 2021,” the global organic food market is projected to grow at a CAGR of over 14 percent from 2016-2021, on account of rising disposable income coupled with growing awareness among consumers about health benefits of consuming organically produced food.
Rising Internet penetration, aggressive marketing strategies by major companies and easy availability of these food products on the back of robust distribution network are projected to boost sales of organic food across the globe. In 2016, about 43.7 million hectares of agricultural land was under organic cultivation, which was managed by over 2.3 million producers across the globe. Moreover, leading players operating in global organic food market are offering these products in environment friendly packaging to lure consumers.
North America and Europe dominated global organic food market and accounted for a cumulative revenue share of around 80 percent in 2015.These regions are expected to generate significant demand for organic food products through 2021, due to rising disposable income levels and well developed distribution network to ensure availability of a wide variety of organic food products.
Additionally, organic fruit and vegetables dominated global organic food market in 2015, as these products are cultivated without the use of chemical fertilizers and pesticides. However, demand for organic processed food is anticipated to grow at a robust pace during the forecast period, on account of changing lifestyles, rising working women population base and scarcity of time.
Readers can download the TechSci research report at: Global Organic Food Outlook