Forecasts by Type (Fruits & Vegetables; Bakery & Confectionary; Dairy & Frozen Desserts; Packaged Grocery; Meat, Fish, & Poultry; Others), by Channel (Food Retail, Food Service) & by Region (North America, Europe, Asia Pacific, RoW) plus Profiles of Leading Companies
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Many factors contribute to the growth of the global organic foods market. Demand is increasing among the increasingly health-conscious population around the world who perceive and believe organic foods to be healthier, better tasting, more nutritious and better for the environment, despite the scientific evidence for these claims being inconclusive. Nevertheless, retailers and food service outlets are catering to this trend with new product launches resulting in growing availability of organic food as more shelf space is allotted to these products in retail chains. In parallel to this, marketing activities are being implemented by major brands to create more awareness about organic products.
However, despite a considerable number of growth drivers, the organic foods market faces challenges that could impede market growth over the coming years. One of the main challenges is the relatively high price of organic foods. Nonetheless Visiongain assesses that the global organic foods market will reach $103 billion in spending in 2017 with a promising growth trajectory.