Organic by 2020
If you’re a fan of organic food options, here’s cause to celebrate: the organic market is simply exploding! We recently reported that one assessment of the organic food market projected growth of 14 percent through 2018. Now, another report, titled Organic Food & Beverages Market Analysis and Segment Forecasts to 2020, projects even more of a growth — a nearly 16 percent skyrocket of the organic food and beverages market by 2020 — meaning organic food sales will reach an estimated U.S. $211.44 billion by that time! Grand View Research, the originators of the new report, writes, “Growing adoption of organic food & beverages owing to associated health benefits and eco-friendly characteristics is expected to drive demand over the next six years.” The firm also asserts that “regulatory support for organic farming” is also projected to have a positive impact on the organic food market because both supply and product quality will see gains. The report posts that all areas of or