Consumers seek out natural, organic beverages
According to a report published by Allied Market Research (alliedmarketresearch.com), the organic food and beverages market is projected expected to reach $327,600 million by 2022, and growing at a CAGR of 16.4% from 2016 to 2022.
The organic beverages segment of the market occupies a dominant share, accounting for about three-fifths of the market in 2015 according to the report. This segment is also expected to maintain this trend during the forecast period. The global market is expected to witness significant growth during the forecast period in part due to increasing income levels, rise in awareness regarding advantages of organic products and advancements in organic farming techniques.
"Organically grown fruits and vegetables have high nutritive value, and are free from pesticides and other chemicals. Furthermore, organic nondairy beverages are in high demand among consumers due to increase in health awareness among consumers. Therefore, this segment accounted for significant share of the global market in 2015, followed by the fruits and vegetables segment," Allied Market Research points out.