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US Organic Food Market Analysis
The world has witnessed a sharp growth in Organic food industry over the past few years. Being the world’s largest economy with one of the highest per capita income, the US provides substantial opportunity for growth of the organic food industry. Moreover, the after impact of economic slowdown did not influence the US organic food industry compared to the aggregate food industry. The main drivers fuelling the positive growth can be attributed to the increased concern of people towards health issues, environment protection, food safety, and animal welfare. With time, the demand for organic products and natural products is growing rapidly not only for humans but also for pets. The government is also paying attention towards developing this industry, which is expected to further accelerate market growth in the coming years.
According to our research, “US Organic Food Market Analysis”, the organic food market in the US has witnessed robust growth over the past few years. During 2000-2008, the industry grew at a CAGR of around 18% . Even during the recovery phase of 2010, the industry exhibited 7.7% YOY increase and accounted for US$ 26.7 Billion, which was well ahead of the total food sales growth. Characterized by the government’s monetary and regulatory support and increasing acceptance of organic food in the country, the industry is expected to orchestrate around 14% CAGR during 2011-2015.
The various segments of Organic food have also outperformed the overall growth. Our research revealed that the packaged organic food is one of the fastest growing segments of the organic food. The ‘feel good factor’ associated with organic packaged food is also one of the factors fuelling growth of this segment. However, our report has prudently analyzed some of the existing key trends that impact market development in this segment.
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 projection of market performance by all prominent segments including fruit & vegetables, beverages, dairy, packaged foods, bread & grains. It also provides extensive information and rational analysis on emerging market trends and drivers along with regulatory initiatives, which are collectively uplifting the industry outlook of the US. Additionally, the report also provides insights on organic farm land infrastructure, consumer behavior analysis, and supply chain mechanism along with a brief overview of the prominent industry players to provide a balanced research outlook of the industry. In this way, our report presents a complete and coherent analysis of the US Organic food industry, which will prove decisive for intending clients.