Press release
Global Organic Food and Beverages Market - Industry Trends and Forecast to 2029
Data Bridge Market Research analyses that the organic food and beverages market was valued at USD 188.35 billion in 2021 and is expected to reach the value of USD 430.01 billion by 2029, at a CAGR of 10.87% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
COVID-19 Impact on Organic Food and Beverages Market
The pandemic of COVID19 had a significant impact on the organic food and beverage market. Due to this uncertainty, consumer purchasing patterns changed as consumers became aware of the importance of a strong immune system; as a result, consumers preferred more organic and natural foods.
Recent Development
• Tyson Foods, an American multinational corporation and the world's second-largest marketer and processor of chicken, beef, and pork, was acquired by General Mills Inc. in 2021. According to the company, the acquisition was made to reshape the portfolio growth, which will help the company expand its business.
• Danone acquired Your Heart, a pioneer in plant-based nutrition, in February 2021. The acquisition strategy could be to expand the business by introducing new organic products to meet consumer demand and maintain dominance over other players in the same segment.
Global Organic Food and Beverages Market Scope
The organic food and beverages market is segmented on the basis of product type and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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