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Noida, Uttar Pradesh, India, 2011/11/25 - Perceived health benefits and considering purchase of organic packaged food as luxury will compel this segment to grow at a CAGR of around 15% from 2011-2015, says RNCOS.
According to our recent report,“US Organic Food Market Analysis”, the organic food market in the US has witnessed a much faster growth compared to the conventional food market. The US is considered as a suitable platform for organic food industry to boom as it is the largest economy and has highest per capita income in the world. Moreover, not much impact of economic slowdown has been witnessed on the US organic food industry as compared to the total food industry. The organic packaged and processed food segment has shown a notable growth in the recent years. In future also, the organic packaged and processed food segment is expected to surge at a remarkable CAGR of around 15% during 2011-2015.
The report infers that Americans have shown acceptance for the organic packaged and processed food with the advancement in the packaging and refrigeration techniques. Moreover, consumers equate organics to quality and superior taste. All these factors discussed in the report present this segment’s promising development in future.
Further, at the regional front, the market is still recognized as a largely untapped in various states of the country. Not only in urban areas, but in rural parts of the country as well, consumers are showing phenomenal interest in both organic farming and organic food consumption. States, such as California, Wyoming, Texas, New Mexico, Wisconsin, and South Dakota have shown tremendous market potentials and are being considered as the most attractive investment destinations for organic food business.
Our report,“US Organic Food Market Analysis”, is the product of exhaustive research and intended analysis of the organic food market potentials in the US. It provides historical, current, and future projected market performance of all prominent segments including fruits and vegetables, beverages, dairy, packaged foods, bread and grains, etc. It also facilitates information on emerging market trends and drivers along with regulatory initiatives, which are collectively uplifting the industry outlook. Additionally, it also facilitates information/statistics on organic farm land infrastructure, consumer behavior analysis, and supply chain mechanism. A brief overview of prominent industry players has also been included in the report to provide a balanced research outlook of the overall organic industry in the US.
RNCOS (RNCOS.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.