According to recently published report by TechSci Research, “United States Organic Foods Market Forecast & Opportunities, 2020,“ the US organic food market is estimated to top $45 billion USD in 2015 on the back of rising per capita expenditure, increasing health consciousness, growing awareness about the benefits of chemical free organic food and rise in organic farming in the US. Strong distribution channels of manufacturers and their tie ups with retailers have added to the accessibility and visibility of various organic food products such as fruits and vegetables, organic dairy products and packaged food in the market.
Availability of organic products is no longer limited to traditional sources but is available in over 20,000 natural food stores and nearly 3 out of 4 grocery stores in the country. Manufacturers are also increasingly collaborating with leading retailers like Walmart and Whole Foods to widen their product distribution and market reach. Besides fruits and vegetables, the demand for organic dairy products has also increased with significant rise in online stores over the last five years. The market is dominated by a number of players including Amy’s Kitchen, Hain Celestial Group and Mondelez.
Mergers and acquisitions will play a big role in the exponentially growing demand for organic foods. Moreover, increasing numbers of organic food retailers, manufacturers and distributors should push the consumption to higher levels in coming years.
The market is anticipated to witness an increase in number of certified organic farms as the demand for premium product ranges is likely to grow in the future.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. The full report is available from http://www.techsciresearch.com/
