Global Organic Foods and Beverages Market is accounted for $102.76 billion in 2017 and is expected to reach $440.60 bill
The Global Organic Foods and Beverages Market is accounted for $102.76 billion in 2017 and is expected to reach $440.60 billion by 2026 growing at a CAGR of 17.6% during the forecast period. Increasing awareness among consumers, availability of organic food through mainstream channels, adoption of new organic standards and regulations, globally increasing organic farmland and per capita rising income in developing parts of the world are the key driving factors for the market growth. However, high conversion cost to organic agriculture, unmet demand and high prices of organic foods are some of the factors hindering the market growth.
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