September 2nd, 2011 | simcha | No Comments »
Here’s some very encouraging news for the organic foods industry from a report by RNCOS, a leading market research and information analysis company. According to their research, the next few years look pretty strong for the organic and natural foods industry.
Nationwide concern for healthy food and food safety along with growing organic food options will drive the market to grow at a CAGR (Compound Annual Growth Rate) of 14% from 2011-2015, says RNCOS in its latest research report.
According to our research report, “US Organic Food Market Analysis”, the organic food market in the US has been witnessing stupendous growth. 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. Moreover, the after impact of economic slowdown did not influence the US organic food industry much in comparison to the total food industry. The main drivers for such a growth can be attributed to increasing health awareness, environment protection, food safety, and animal welfare. We expect that, the organic food market will surge at a CAGR of around 14% during 2011-2015.
The various segments of organic food have also outperformed the overall growth. Various government initiatives and strategic alliances among players in the industry will further drive the growth. Our research revealed that the packaged organic food is one of the fastest growing segments of the organic food. It expects to witness a CAGR of around 15% from 2011-2015. The feel good factor associated with organic packaged food is fuelling the growth of this segment.
At the regional front, the 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, such as 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 the 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, the report facilitates information/statistics on organic farmland infrastructure, consumer behavior analysis, and supply-chain mechanism. Brief overview of prominent industry players has been also included to provide the balanced research outlook of the industry.
Here’s hoping for a sunny future.