Jul 14, 2022
Organic food and beverage market to reach $564.22 billion by 2030
The global organic food and beverages market size is expected to reach USD 564.22 billion by 2030, according to a report by Grand View Research. The market is projected to expand at a CAGR of 13% from 2022 to 2030. The various health benefits associated with the intake of organic food & beverages and rising health consciousness amongst consumers have encouraged the growth of the global organic food & beverages market.
Organic fruits and vegetables of organic food dominated the market, contributing 39.9% market share in 2021. The segment is projected to maintain its leading position during the forecast period.
For organic beverages, the coffee & tea segment is set to grow significantly during the forecast period and is expected to remain the fastest-growing market. Factors such as preference for organic and natural drinks, increasing health awareness and changing lifestyles, are boosting the segment growth.