Global Organic Food Market Will Grow at a CAGR of 15.5% to 2025 Organic Food Market | Page 2

BlueWeaveConsulting According to a new market report published by BlueWeave Consulting, The Global Organic Food Market was valued at US$ 89.80Billion in 2016 and is expected to expand at a CAGR of 15.5% from 2018 to 2024, reaching US$375.98 Billion by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the global organic food market in 2016. Organic food products are not only suitable for healthy human growth and well-being but also helps to maintain the balance of the ecosystem since the process of organic farming does not create any problem to the soil and prevents water contamination as well due to the avoidance of the use of synthetic inputs in the agriculture that helps to maintain the natural balance of the within the ecosystem and protects dominance of some species over the others. Organic Food production also helps to fight the issue of global warming to some extent because these products are mainly distributed locally which means consumption of less energy on transportation. The rising awareness towards health and food safety among the consumers across the globe is driving the global organic food market Organic food products are safer than the widely available ones because there is no utilization of fertilizers, pesticides, fungicides, etc. when they are grown. Moreover, there are no traces of chemicals on the cultivation land and the organic animals are also raised without pushing antibiotics or hormones into their system. Organic food products cost 15 to 35 percent more than other products as supply is not being distributed uniformly. Storage cost of these products is also high and certification for growing these products, per acre costs INR 50,000. However, the working Parents are very concerned about the health of their children and willing to spend more to ensure that they get better and safer food than conventional adulterated food. The key drivers for the global organic food market are increasing per capita income, growing awareness among consumers for health and food safety, emerging concerns for the environmental issues, major lifestyle changes among the younger age-group. The presence of pesticides in food products results in a number of diseases like asthma, birth defects, cancer, reproductive dysfunction, diabetes, autism, Parkinson’s and Alzheimer’s diseases and much more. The organic food his thus been grown without the usage of genetically modified toxic chemicals, organisms, fertilizers or pesticides. Moreover, Organic farming is mainly dependent on animal and green manure for the fertilization of crop; water-soluble mineral fertilizers are usually not approved. Request for PDF Sample of this Market Research Report@ https://www.blueweaveconsulting.com/organic-food-market/#1536302097117- 445b2636-73fe Global Organic Food Market: Scope of the Report The global market for organic food is segmented on the basis of the food type, channel of product and geography. On the basis of food type, the market is segmented into dairy, Bakery products, Fruits & vegetables, Snacks food, Meats/fish & poultry, Sauce & condiment, Processed food, Packaged Food and Other food categories like Beverages. As per 2