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Natural Food & Drinks Market Expected to grow at a 13.7% CAGR by 2023 | Top Key Players are Archer Daniels Midland Company, Bunge Ltd., Earths Best, Amy's Kitchen, Nestle S.A., 365 Everyday Value.

04-17-2019 11:53 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

Natural Food & Drinks Market

Natural Food & Drinks Market

From freshness to health ingredients and eco-conscious business models, todays core consumer values increasingly center around offerings of the natural food & drinks market and is expected to boost the market growth.

The Global Natural Food & Drinks Market was valued at $79,137 million in 2016, and is estimated to reach $191,973 million by 2023, registering a CAGR of 13.7% from 2017 to 2023.

Natural food & drinks refer to food products that are that are manufactured without the use of hormones, antibiotics, or artificial flavors. Stringent regulatory standards do not exist for natural food & drinks in most of the countries in the world. Thus, natural labels are normally used by manufacturers across the globe due to lack of adequate guidelines. Natural food & drinks are available at several stores that sell organic food products. In 2016, the supermarkets/hypermarkets segment accounted for around two-fifths share of the global market.

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In 2016, North America dominated the global market. However, Asia-Pacific is expected to witness the highest growth rate from 2017 to 2023, owing to rise in consumer inclination towards wellness and rapid growth in the food & drinks industry in countries such as, China, Japan, India, and Australia. Europe was the second leading region geographically, and is expected to grow at a CAGR of 13.1% from 2017 to 2023.

Major Key Players Are:

• Archer Daniels Midland Company
• Bunge Ltd.
• Earths Best
• Amy's Kitchen
• Nestle S.A.
• 365 Everyday Value
• Organic Valley
• ConAgra Foods
• Dean Foods
• General Mills.

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The global natural food & drinks market is driven by growing consumer preferences for foods with non-genetically modified ingredients. Increasing demand for "clean label" products is due to increase in awareness and media coverage about the drawbacks of foods containing GMOs. The "clean label" trend has also been recently pushed into the mainstream market by popular books, television shows, and celebrity endorsements. However, high costs of natural food & drinks as compared to conventional food products are expected to hamper the market growth.

Key Findings of the Natural Food & Drinks Market:

• In 2016, North America dominated the global market, constituting around two-fifths share of the global market.
• U.S. was the leading consumer of the natural food & drinks globally in 2016, and is expected to grow at a CAGR of 13.4% during the forecast period.
• The natural food segment is estimated to grow at a CAGR of 13.9% from 2017 to 2023.
• The fruits & vegetables subsegment accounted for one-third share of the global market.
• The supermarkets/hypermarkets segment accounted for the highest share in 2016, and is estimated to grow at a CAGR of 13.3%.

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About Us:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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