Organic Food And Beverages Market Set to Reach USD 620.00 Billion by 2026
According to the report, The global organic food and beverages market in 2019 was around USD 220.00 Billion. The market is expected to grow at a CAGR of more than 16.0% and is anticipated to reach around USD 620.00 Billion by 2026.
In today’s world where everything is driven by the new state-of-the-art technologies, farmers are reverting back to age-old farming activities on this planet for the greater good of humanity. A new generation of health-conscious customers, increasingly mindful of the adverse effects of pesticides and other contaminants in food, has necessitated this, farmers are now reverting to age-old agricultural methods to grow which is known as organic food. This agricultural norm is governed by the government department of different countries, which also includes guidelines for governing food which animal care cultivation. The use of chemical fertilizers, pesticides, synthetic chemicals, and growth hormones in the processing of organic foods and beverages is not permitted or only partially permitted. In addition, organic foods and beverages provide significant advantages over regular diets, such as nutritional benefits, free of toxic additives, and more.
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The organic food and beverages market research report delivers an acute valuation and taxonomy of the organic food and beverages industry by practically splitting the market on the basis of a different type, and application, and region. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the organic food and beverages industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the organic food and beverages industry is provided for the leading economies of the world.
The organic food and beverages market is segmented based on organic food, ,organic beverages, and distribution channel. On the basis of organic food segmentation, the market is classified into organic fruits & vegetables, organic meat, fish & poultry, organic dairy products, organic frozen & processed foods, and others. On the basis of organic beverages segmentation, the market is classified into organic non-dairy products, organic coffee & tea, organic beer & wine, and others. On the basis of distribution channel segmentation, the market is classified into supermarket/hypermarket, convenience stores, specialist stores, internet retailing, and others.
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Some of the essential players operating in the organic food and beverages market, but not restricted to include Amy’s Kitchen Inc., The Hain Celestial Group Inc., Private Label Companies, Organic Valley, General Mills, Inc., Whole Foods Market Inc., WhiteWave Foods, Everest, Cargill, Inc., United Natural Foods Incorporated, Danone, Dean Foods Company, Starbucks Corporation, Cargill, Inc.,Kraft Heinz Co., Kellogg Co., ConAgra Brand, Inc., Kerry Group Plc, The J. M. Smucker Co., Dole Food Company, Inc., Horizon Organic, Nestle SA, PepsiCo Inc., The Coca-Cola Company, Eden Foods Inc, among others.
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