Organic food and beverage market expected to reach $187.85 billion by 2019
Increasing consumer health awareness and widening distribution channels are responsible for much of the growth.
According to Transparency Market Research, the global organic food and beverage market is expected to be worth $187.85 billion by 2019 while growing at a CAGR of 15.5 percent between 2013 and 2019. The demand for organic food and beverage was valued at $70.7 billion in 2012. Increasing consumer awareness, ramped up R&D and widening distribution channels are cited as primary reasons for the expected growth.
Advancements in technologies to increase shelf life are expected to contribute to growth in the organic dairy sector, and newly developed products are expected to help grow the organic meat, poultry and seafood sector.