March 19/San Francisco, Calif./PRWEB -- The global organic food & beverages market is expected to reach $211.44 billion by 2020, growing at a CAGR of 15.7% from 2014 to 2020. Growing adoption of organic food & beverages owing to associated health benefits and eco-friendly characteristics is expected to drive demand over the next six years. In addition, regulatory support for organic farming is also expected to have a positive influence on the market by improving supply and product quality.
The report “Organic Food & Beverages Market Analysis and Segment Forecasts to 2020” also finds:
- Organic fruits and vegetables dominated the product market, accounting for over 35% of global market revenue in 2013. However, meat, fish & poultry are expected to be the fastest-growing organic food products, at an estimated CAGR of 14.6% from 2014 to 2020.
- Non-dairy beverages including soy, rice and oat beverages accounted for over 38% of total organic beverage market revenue in 2013. However, organic beer and wine is expected to be the fastest-growing organic beverage at an estimated CAGR of 25.6% from 2014 to 2020. On the other hand, the global market for organic coffee and tea is expected to grow at a CAGR of 22.5% from 2014 to 2020.
- The North American market for organic food and beverages was valued at over $38 billion in 2013. The U.S. dominated the North American market for organic food & beverages, accounting for more than 90% of the regional market in 2013. However, Asia Pacific is expected to be the fastest-growing market for organic food & beverages at an estimated CAGR of 28.5% from 2014 to 2020. Japan dominated the Asian market for organic food and beverages, accounting for over 44% of total market revenue in 2013. China is projected to be the fastest-growing country at an estimated CAGR of 29.4% from 2014 to 2020.