TechNavio recognizes the following companies as the key players in the Global Organic Food and Drink Market: AMCON Distributing Co., Hain Celestial Group Inc., Dean Foods, Spartan Stores Inc., The Kroger Co., Whole Foods Market Inc., and United Natural Foods Inc.
Commenting on the report, an analyst from TechNavio’s team said: ”Organic farming involves the production of crops without the use of chemical fertilizers and synthetic pesticides. Organic farming provides long-term benefits to the environment and consumers. The Global Organic Food and Drink market is witnessing the increasing adoption of organic farming methods because of the increasing demand for organic food products. Governments of various nations are offering strong support and are promoting organic farming as it will increase the contribution of the Agricultural sector to the GDP of their respective countries. This will contribute toward reducing the supply shortage in the supply chain as the market enters next stages of growth. Organic farming also has a positive impact on the biodiversity and enables effective soil management, which could go a long way in mitigating and even reversing the effects of climate change, as also minimizing carbon emissions. Thus, the adoption of organic farming is a positive trend that could propel the growth of the market during the forecast period.”
According to the report, one of the major drivers in this market is the increasing purchasing power of consumers. The improvement in the economic growth in developed and developing countries has resulted in higher disposable income, thereby leading to the increasing purchasing power of consumers. Thus, consumers can afford to buy organic foods and drinks, which are generally priced higher than conventional food products. This will tend to increase the growth prospects of the market during the forecast period.
Further, the report states that one of the major challenges in this market is the higher cost of organic food products when compared with conventional food products. The high cost of organic foods will restrict the purchase of these products to the affluent class of consumers. As a result, organic food will not be affordable to a majority of consumers, which could reduce the profitability of the market.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Amy’s Kitchen Inc., Clif Bar and Co., Dole Food Co. Inc., EVOL Foods, Frito-Lay Inc. (a division of PepsiCo Inc.), Newman’s Own Inc., Organic Valley, and Stonyfield Farm Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-organic-food-and-drink-market-20…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/others
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TechNavio Announces the Publication of its Research Report – Global Organic Food and Drink Market 2012-2016
