U.S. Organic Food trend forecasted for growth through 2018
Consumers are becoming much more concerned about the increasing usage of pesticides, genetically modified organisms (GMOs) and antibiotics in food products. Foods produced using environmentally- and animal-friendly “organic” farming methods are gaining more awareness. The Organic Trade Association (OTA) estimated in 2012 that about 81% of families were purchasing organic food at least some of the time.
ReportLinker.com notes that according to “United States Organic Food Market Forecast & Opportunities, 2018,” the organic food market in the U.S is forecasted to grow at the compound annual growth rate (CAGR) of about 14% during the years 2014-2018.
Organic fruits and vegetables, it reports, will continue to surge in the market through 2018. With growth in organic food market revenues, the demand for organic meat, fish, poultry and more is also expected to gain demand in the same time frame. States in the West hold the major market share in total organic food market revenues. But increasing per capita income, coupled with the growing domestic production and commercial sector, are expected to boost demand of organic food in other regions of the country.