Global organic food and beverages market is driven by key factors such as increasing consumer awareness towards organic benefits increased organic farming in the world, and implementation of government regulations. Demand for organic food and beverages is increasing in conventional food supply stores due to development of private labels and increasing interest of large retailers such as Wal-Mart, Tesco, and Safeway in selling organic products. The organic food and beverages market is also expected to benefit from subsidies, financial aids, and R&D programs conducted by different government and non-government organizations such as FiBL (Switzerland), APEDA (India), and USDA (U.S.) to support conventional farmers to switch to organic farming.
The global organic food and beverages market is expected to grow from $57.2 billion in 2010 to $104.5 billion in 2015 at an estimated CAGR of 12.8% for the same period. Organic foods segment accounted for the largest market share in 2010 due to their wide product range, relatively low prices. The organic food and beverages market includes fresh produce, cereals, frozen and processed organic foods, dairy products, meat and poultry, etc. Organic supplements are the fastest growing segment in the organic industry with an estimated CAGR of 22.3% from 2010 to 2015. The organic beverages segment accounted for nearly 13% of the global market share in 2010 with an expected CAGR of 14.8% from 2010 to 2015.
The organic foods segments account for the highest share (approx. 86%) in the overall organic food and beverages market. Europe is the largest consumer of organic food, beverages and supplements; while Asian and ROW segment is expected to have the highest growth rates of 20.6% and 16.2% respectively due to high domestic production, increasing per capita income, and regulatory reform initiatives in countries including China, India, Singapore, Australia, and Latin American countries such as Brazil and Argentina.
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