#GMOs#organics#North America beverages

Organic food and beverage market expected to reach $320.5 billion by 2025

The global organic food & beverage market is expectedto reach $320.5 billionby 2025, according to a new report by Grand View Research, Inc. Growing...

Wedaeli Chibelushi
|Jun 5|magazine4 min read

 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 nine years. Coffee & tea is expected to emerge as the fastest growing sector with a CAGR of more than 15 percent from 2016 to 2025.

The US is the largest market in North America and was valued over 40 billion in 2015, owing to the growing consumer resistance for genetically modified and chemically grown crops in the region. The industry in Asia Pacific is projected to witness fastest growth over the forecast period and account for over 12 percent of global revenue by 2025. Asia Pacific is projected to witness highest growth on account of growing agriculture sector in the region coupled with robust domestic demand has led to significant demand for the product.