Organic Food and Beverages Market by Product Type {Organic Food (Organic Fruits & Vegetables, Organic Meat, Fish & Poultry, Organic Dairy Products, Organic Frozen & Processed Foods and Others) and Organic Beverages (Organic Non-Dairy Products, Organic Coffee & Tea, Organic Beer & Wine and Others)}: Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024.Sarasota, FL -- (SBWIRE) -- 12/13/2018 -- With the presence of a large pool of participants, the Global organic food and beverages market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). The Hain Celestial Group Inc., Amy's Kitchen Inc., Organic Valley, Private Label Companies, Whole Foods Market Inc., and General Mills Incorporation are some of the key vendors of organic food and beverages across the world. These players across organic food and beverages market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the organic food and beverages market study.
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Citing an instance, in September 2018, Phivida Holdings Incorporation—offering premium beverages & clinical products introduced with active hemp extract- announced the launch of a brand referred as Oki. Reportedly, the new product line of functional beverages & supplements are suffused with active hemp extract and customers can avail at nearly 2,400 natural specialty store locations in the U.S.
As estimated in this report, the global organic food and beverages market stood at US$ 124.76 billion in 2017. Witnessing a tremendous rise during the period from 2017 to 2024, the revenue in this organic food and beverages market is expected to reach US$ 323.09 billion by the end of the forecast period. The main products available in this organic food and beverages market are organic food and organic beverages. Among them, the demand for organic food is relatively higher and the trend is anticipated to remain so over the next few years, notes the research report.
Mammoth Demand For Organic Products To Add Towards Market Value
"Intense popularity of non-genetically modified organism products among the consumers as a result of health benefits accrued due to their consumption will drive organic food and beverages market in the years to come," says the author of this study. Apart from this, there is a rise in the chronic ailments as a result of intake of food prepared with the help of ingredients produced using chemicals harmful to human health. This is predicted to enlarge the scope of organic food and beverages market in the forthcoming years. In addition, prominent use of smart phones and social media has raised the level of awareness pertaining to side-effects of intake of inorganic food among the global population, thereby lucratively influencing the organic food and beverages market trends.
Presence Of Myriad Organic Farms to Aid North America's Regional Dominance
Regionally, North America has been leading the worldwide organic food and beverages market and is anticipated to continue on the dominant position in the years to come, states the organic food and beverages market study. Rampant increase in awareness about the health benefits of organic diet as well as organic drinks intake is the main factor behind the dominance of the North America organic food and beverages market. The presence of large number of organic farms in North America as compared to other regions is another significant factor that is supporting the growth of this regional organic food and beverages market. In addition, increase in occurrence of health-related disorders such as diabetes, obesity, and digestive problems in individuals are expected to drive the demand for organic food and beverages across the region.
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Source: Zion Market Research
