Organic fruits & vegetables market projected to reach 62.97 billion US dollar by 2020
According to the PR News Wire, the global market size of organic fruits & vegetables is projected to reach about 62.97 billion US dollar by 2020, at a CAGR of 9.4% from 2015, with the increasing consumption of organic fruits and vegetables in various forms. Furthermore, rising opportunities in emerging markets such as India, China, and Brazil are projected to augment the size of the organic fruits & vegetables market during the forecast period. In 2014, North America was the largest market for organic fruits & vegetables. The market in the Asia-Pacific region is projected to grow at the highest CAGR during the forecast period, followed by Europe.
Organic fruits & vegetables are those which are produced without the use of synthetic fertilizers, pesticides, GMOs, antibiotics, and hormones for growth. The cover crops 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.
The report provides both, qualitative and quantitative analyses of the market for organic fruits 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.