Organic market worth US$63bn by 2020

The international marketing magazine for fresh produce buyers in Europe
Luisa Cheshire

BY LUISA CHESHIRE

Organic market worth US$63bn by 2020

The global organic fruit and veg market is set to grow to almost US$63bn by 2020 thanks to perceived health benefits of organic produce

Organic market worth US$63bn by 2020

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The global organic fruit and vegetable market is projected to be worth US$62.97bn by 2020, growing at a compound annual growth rate of about 9.4 per cent, according to the latest study published by market research company Research and Markets.

The report, which the group says provides both qualitative and quantitative analyses of the market for organic fruits and vegetables, attributes the forecast growth to rising consumer awareness in developed countries of the health benefits of organic produce.

The organic fruit and vegetable market is one of the fastest-growing markets in the overall organic agriculture industry, owing primarily to its multiple health benefits and absence of synthetic chemicals, Research and Markets said.

Certain medicinal benefits associated with organic fruits and vegetables include anti-inflammatory properties, enhanced immunity, and anti-oxidant properties, it added.

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