NewswireToday - /newswire/ -
Noida, Uttar Pradesh, India, 2010/10/29 - With increasing awareness of organic food health benefits and the government support, the US organic food industry is well set to post double digit CAGR growth during 2010-2014, RNCOS acknowledged.
According to our latest research offering, “US Organic Food Market Analysis”, organic food industry has been growing strong in the US, on the back of Increasing awareness regarding health, environment protection, food safety, and animal welfare reforms. Even in the testing scenario of economic slowdown, the industry posted 5.1% year on year growth in 2009, which was well ahead of overall food industry growth in the country. Emphasizing on the existing and upcoming market trends, the report further reveals that the industry will orchestrate 12.2% CAGR during 2010-2014.
The research identifies fruit and vegetables segment as the most dominant segment among organic foods segments in the US. In 2009, the segment accounted for 38% of total organic food market and sustained its top slot. Improving economy is improvising job market and ultimately increasing income levels. This, along with various other factors, discussed and analyzed in the report, will make the US organic food industry one of the fastest developing markets during our forecast period.
Apart from fruits and vegetables, various other segments including dairy, beverages, packaged foods, etc have also contributed strongly to the organic food industry advancements. These segments have seen aggressive new products launch and their shelf space have also been increasing in supermarkets and mass merchandisers. It is anticipated that, with the rapid expansion of these market segments, the US will sustain its leading position in global organic industry and will continue to be one of the most attractive destinations for global organic food industry giants.
Our report, “US Organic Food Market Analysis”, is an outcome of widespread research and objective analysis of organic food market potentials in the US. The report provides historical, current, and future projected market performance of all prominent segments including fruit & vegetables, beverages, dairy, packaged foods, bread & grains, etc. Additionally, the report facilitates information/statistics on organic farm land infrastructure, consumer behavior analysis, and supply chain mechanism. Brief overview of prominent industry players have also been included to provide balanced research outlook of the industry.
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.