NewswireToday - /newswire/ -
Burnaby, British Columbia, Canada, 2013/12/26 - The increasing awareness of health benefits coupled with the per capita income are stimulating the demand for organic food in the United States market.
United States is the highest demand generator for organic food in the world with continuously increasing domestic production. During 2002-11, the country’s domestic organic food production increased to about 240%. The country is home to about 17,750 organic farms. The demand for organic food is continuously increasing in the United States as Organic Trade Association (OTA) 2012 estimates reveal that eight out of ten parents are reportedly purchasing organic food in the country.
According to the recently published report by TechSci Research “United States Organic Food Market Forecast & Opportunities, 2018”, the western region is contributing mainly to the country’s organic food market revenues on the back of growing domestic production and increasing awareness. It has been forecasted in the report that United States’ organic food market revenues will grow at the CAGR of around 14% during 2013-18.
The report reveals that organic food market is mainly divided into three segments: organic fruits & vegetables, organic dairy products and organic packaged food, where organic fruits & vegetables have highest demand. However, with the increasing health concerns the market for meat, poultry, fish, etc., are expected to gain market share.
“United States Organic Food Market Forecast & Opportunities, 2018” report further reveals that the United States’ organic food market is dominated by companies like Whole Food Market, Amy’s Kitchen, Hain Celestial, Eden Foods, and Cropp Cooperative, etc.
“The organic food market contributed about 4% to the country’s overall food market in terms of revenues during 2010. Furthermore, the retail organic food market is an emerging trend in the country. Therefore, with the increased consumer food expenditure of about 7.67% during 2010-12 the demand for organic food through retail sales medium is anticipated to increase,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Organic Food Market Forecast & Opportunities, 2018” has evaluated the future growth potential of organic food in the United States and provides statistics and information on market structure, market trends, market size, etc. The report includes organic food projections and demand forecasting. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with essential drivers, challenges and opportunities available in organic food market in the United States.