It says that the global market size of organic fruit and vegetables is projected to reach about USD $62.97 billion by 2020, at a compound annual growth rate (CAGR) of 9.4% from 2015, with the increasing consumption of organic fruits and vegetables in various forms.
In addition, rising opportunities in emerging markets such as India, China, and Brazil are projected to augment the size of the organic fruit and vegetables market during the forecast period.
In 2014, North America was the largest market for organic fruits and vegetables. The market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period, followed by Europe.
Organic fruit and vegetables are those that are produced without the use of synthetic fertilizers, pesticides, GMOs, antibiotics, and hormones for growth. The ‘covered cropping’ method of farming and compost manure are used to increase the fertility of the soil. The permitted pesticides for organic farming include naturally-grown pesticides, which meet organic standards.
Organically grown fruit and vegetables are said to have higher nutrition and are safer, which eliminates the hazards caused by synthetic chemicals. Organically grown produce, such as strawberries, banana, apple, spinach, broccoli, and kale are claimed to also have medicinal benefits, such as reducing inflammation, enhancing immunity, and prevention of cancer.
The report provides both, qualitative and quantitative analyses of the market for organic fruit and vegetables. It includes the market dynamics, opportunities, trends, competitive strategies preferred by key market players, the driving factors that boost the growth of the market, and restraints of the market.
Source: PR Newswire