Global Organic Foods & Beverages Market to Reach US$495.9 Billion

Amid the COVID-19 crisis, the global market for Organic Foods & Beverages estimated at US$198.1 Billion in the year 2020, is projected to reach a revised size of US$495.9 Billion by 2027, growing at a CAGR of 14% over the analysis period 2020-2027. Fruits & Vegetables, one of the segments analyzed in the report, is projected to grow at a 14.7% CAGR to reach US$192.8 Billion by the end of the analysis period.

After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Meat, Fish & Poultry segment is readjusted to a revised 15.3% CAGR for the next 7-year period. This segment currently accounts for a 19.3% share of the global Organic Foods & Beverages market.

The U.S. Accounts for Over 29.6% of the Global Market Size in 2020, While China is Forecast to Grow at a 13.4% CAGR for the Period 2020 to 2027

The Organic Foods & Beverages market in the U.S. is estimated at US$58.6 Billion in the year 2020. The country currently accounts for a 29.56% share of the global market. China, the world’s second-largest economy, is forecast to reach an estimated market size of US$86.1 Billion in the year 2027 trailing a CAGR of 13.4% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.5% and 11.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.2% CAGR while the Rest of the European market (as defined in the study) will reach US$86.1 Billion by the year 2027.