Wednesday, December 04, 2013

Organic Food Sales to Continue Growth into 2018

The increasing usage of pesticides, genetically modified organisms (GMO’s) and antibiotics in the food products are raising health concerns in the United States.
The Centers for Disease Control and Prevention, 2013 estimates shows that about 1.1 billion pounds of pesticides active ingredients are being used annually in the country and over 20,000 pesticides products are being marketed annually, which is adversely impacting the health of the consumers, and the environment. Therefore, the Organic foods which are produced using environment and animal friendly organic farming methods are gaining awareness in the country. Organic Trade Association 2012, estimates shows that about 81% families are purchasing organic food at least some times.


According to “United States Organic Food Market Forecast & Opportunities, 2018”, it is forecasted that the organic food market in United States will grow at the CAGR (Compound Annual Growth Rate) of about 14% during 2014-18.
The organic fruits & vegetables will continue to dominate till 2018 and with the growth in organic food market revenues, the demand for organic meat, fish, poultry, etc. is also expected to gain demand in the forecasted period. The western states in United States hold the major market share in the total organic food market revenues. However, increasing per capita income coupled with the growing domestic production and commercial sector are anticipated to surge the demand of organic food in other regions of the country.


 

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