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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.

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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 products. North American organic food and beverages market accounted more than 90% of share and dominated the global organic food and beverages market. Asia Pacific is witnessed to be the fastest growing market over the forecast period.

Some of the key players in this market include Conagra Foods Inc., Amys Kitchen Inc., Kraft Foods Group Inc., Eden Foods, Dean Foods Co., Organic Valley, Dakota Beef LLC, Whole Foods Market Inc., Tesco plc, Waitrose Ltd., Koninklijke Ahold, Florida Crystals Corporation, Carrefour, Hipp Gmbh & Co. and REWE.

Product Covered: Organic Food Organic Fruits and Vegetables Organic Dairy Products Fish and Poultry Products Packaged Grocery Cereals Frozen and Processed Foods Others Organic Beverages Organic Coffee and Tea Organic Non-Dairy Beverages Organic Beer and Wine Others

Consumption Type: Fresh Organic Foods Processed Organic Foods

Distribution Channel: Organic retailers Super Markets

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Regions Covered: North America US Canada Mexico Europe Germany France Italy UK Spain Rest of Europe Asia Pacific Japan China India Australia New Zealand Rest of Asia Pacific Rest of the World Middle East Brazil Argentina South Africa Egypt

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Originally posted here:

Organic Food and Beverage Market is Expected to Rise at a Remarkable CAGR During 2016 2022 - Satellite PR News (press release)