NEW YORK, June 2, 2016 /PRNewswire/ --
Rising Disposable Income Coupled With Increasing Awareness About Organic Farming and Health Benefits of Organic Food, to Drive Sales of Organic Food Products in Germany Through 2021
According to TechSci Research report, "Germany Organic Food Market By Type, Competition Forecast and Opportunities, 2011 - 2021", organic food market in Germany is projected to grow during 2016-2021, on account of growing health consciousness coupled with high disposable income levels of consumers. Germany's average annual household net-adjusted disposable income per capita was $ 31,925 in 2015, which was more than the OECD average of $ 29,016 in the same year. Changing lifestyles and consumer preferences, increasing number of women joining workforce and government initiatives to promote organic farming and organic food consumption in the country are further projected to drive demand for organic food in the country in the coming years. Being a major developed economy in Europe, Germany is one of the largest markets for organic food in the region.
Browse 17 market data Tables and 14 Figures spread through 101 Pages and an in-depth TOC on
"Germany Organic Food Market"
Organic food market in Germany is majorly dominated by organic meat, poultry & dairy products and organic fruits & vegetables products, and these two segments cumulatively garnered a revenue share of around 52% in Germany in 2015. Germany organic food market is quite fragmented with presence of various small players. Hipp GmbH & Co Vertrieb KG, Alnatura Produktions- und Handels GmbH, Rewe Markt GmbH and Aldi Einkauf GmbH & Co oHG are few of the major organic food companies operating in Germany and are anticipated to continue dominating the market through 2021. Southwest region dominated Germany organic food market due to large population size, and proximity to major European countries such as Belgium, France and the Netherlands. Southeast region, with a population of over 19 million people in different states such as Bavaria, Thuringia and Saxony, is the second largest regional market for organic food in Germany.
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"Over the last few years, food consumption trends in developed countries have changed significantly, with robust growth having been witnessed in adoption of organic food, predominantly due to their significant health benefits. With high disposable income and increasing consumer awareness, a huge number of consumers in Germany are willing to pay higher prices for high quality organic food products. This makes the country's organic food market a lucrative market for companies operating in the industry. Busy lifestyles, changing consumer preferences, increasing health consciousness and growing disposable income among the youth are fueling demand for organic processed food in the country", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"Germany Organic Food Market By Type, Competition Forecast and Opportunities, 2011 - 2021" has evaluated the future growth potential of Germany organic food market and provides statistics and information on market size, market share and growth forecasts. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities present in Germany organic food market.
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