!±8± US Organic Food Market Analysis
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$800.00 Post Date : Feb 07, 2012 04:30:21 |
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Being the world’s largest economy and with one of the highest per capita incomes, the US provides most suitable platform for organic food industry to grow and prosper. Increasing health awareness, environment protection, food safety, and animal welfare are fuelling the growth of the industry. The demand for organic products and natural produce is growing rapidly thus, making a niche market for the food and beverages industry. The government is also paying attention towards developing this industry, which is expected to further accelerate market growth in coming years.
According to our research, “US Organic Food Market Analysis”, the organic food market in the US has been one of the fastest growing industries. During 2000-2008, the average annual growth of industry ranged between 16%-21%. In 2009, the industry successfully endured economic slowdown effects and posted positive year on year growth rate, which was well ahead of total food sales growth in 2009. With the government’s monetary and regulatory support and increasing acceptance of organic food in the country, the industry is expected to orchestrate 13% CAGR growth during 2010-2014.
At the regional front, market is still recognized as 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 like 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 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. It also facilitates information on emerging market trends and drivers along with regulatory initiatives, which are collectively uplifting industry outlook. Additionally, report facilitates information/statistics on organic farm land infrastructure, consumer behavior analysis, and supply chain mechanism. Brief overview of prominent industry players has been also included to provide balanced research outlook of the industry.
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