Organic Food Market Worth US $375.98 Billion by 2025
Organic food products are not only suitable for healthy human growth and well-being but also helps to maintain the balance of the ecosystem since the process of organic farming does not create any problem to the soil and prevents water contamination as well due to the avoidance of the use of synthetic inputs in the agriculture that helps to maintain the natural balance of the within the ecosystem and protects dominance of some species over the others.
August 5, 2019 | Source: Pioneer Reporter | by
Organic food products are not only suitable for healthy human growth and well-being but also helps to maintain the balance of the ecosystem since the process of organic farming does not create any problem to the soil and prevents water contamination as well due to the avoidance of the use of synthetic inputs in the agriculture that helps to maintain the natural balance of the within the ecosystem and protects dominance of some species over the others. Organic Food production also helps to fight the issue of global warming to some extent because these products are mainly distributed locally which means consumption of less energy on transportation.
According to a new market report published by BlueWeave Consulting, The Global Organic Food Market was valued at US$ 89.80Billion in 2016 and is expected to expand at a CAGR of 15.5% from 2018 to 2024, reaching US$375.98 Billion by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the global organic food market in 2016.