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Global organic food and drink market to reach $ 495.9 by 2027
Amid the COVID-19 crisis, the global organic food and drink market estimated at 198.1 billion US dollars in 2020, is expected to reach a revised size of US $ 495.9 billion by 2027, with a CAGR of 14% over the analysis period 2020-2027. Fruits and vegetables, one of the segments analyzed in the report, is expected to grow at a CAGR of 14.7% to reach $ 192.8 billion at the end of the analysis period. After an initial analysis of the business implications of the pandemic and its induced economic crisis, the growth of the Meat, Fish and Poultry segment is readjusted to a revised CAGR of 15.3% for the next 7-year period. This segment currently represents a 19.3% share of the global organic food and drink market.
The United States accounts for over 29.6% of the global market size in 2020, while China is expected to grow at a CAGR of 13.4% for the period 2020-2027
The market for organic food and drink in the United States is estimated at 58.6 billion US dollars in 2020. The country currently represents a 29.56% share of the world market. China, the world’s second-largest economy, is expected to reach an estimated market size of 86.1 billion US dollars during the year 2027, with a CAGR of 13.4% through 2027. Other notable geographies include Japan and Canada, each forecasts growth of 12.5% ​​and 11.9% respectively over the period 2020-2027. In Europe, Germany is expected to grow by around 10.2% CAGR while the rest of the European market (as defined in the study) will reach 86.1 billion US dollars by 2027.
The Dairy Products segment holds a share of 14.1% in 2020
In the global Dairy Products segment, United States, Canada, Japan, China and Europe will lead to the estimated 12.3% CAGR for this segment. These regional markets representing a combined market size of US $ 22.4 billion in 2020 will reach a projected size of US $ 50.3 billion before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Led by countries such as Australia, India, and South Korea, the market of Asia Pacific should reach 58.9 billion US dollars by 2027. Following
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