The global organic food & beverage market is expected to reach $320.5 billion by 2025, according to a new report by Grand View Research, Inc.
Growing popularity of non-GMO products among consumers, owing to the health benefits associated with their consumption, is expected to drive the demand over the forecast period. The global organic food market was valued at $77.4 billion in 2015 and is expected to witness highest growth in Asia Pacific from 2016 to 2025.
Fruits & vegetables emerged as the largest organic food product segment in 2015 and is estimated to generate revenue over $110 billion by 2025. Frozen and processed food demand was over $11 billion in 2015 and is anticipated to witness significant growth over the next few years.
Beverage market is estimated to exceed $55 billion by 2025, and anticipated to grow at a CAGR of 13.1 percent over the next…
See the entire article.