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Organic Food and Beverage Market To Reach $238.4 Billion With 14.9% CAGR Forecast To 2022

organic food and beverages market

Original News Release posted at EIN News

According to Stratistics MRC, the global Organic Food and Beverage Market accounted for $89.8 billion in 2015 and is expected to grow at a CAGR of 14.9% to reach $238.4 billion by 2022. Growing consumer awareness, rising government support for organic agriculture, increasing interest of large retailers, health benefits and the promotion by regulatory and government authorities of several countries for organic food and beverages over the conventional foods are some of the major factors driving the market growth. However, high cost and lack of awareness on availability of products are some of the major restraints hampering the market. Moreover, growing usage of organic products provides a significant growth opportunity for the market.

In Organic Food and Beverages, organic foods segment is expected to grow with a highest share during the forecast period owing to its government funding and growing digit of retailers providing a variety of organic…

See the entire news release.