Increasing Demand for Organic Food is Expected to Lead to Double Digit Annual Growth Rate
The 21st century has come up with fast food and instant, ready-to-eat food culture. But over the period of time, now people have started realising the negative and hazardous effects fast foods imprint on your health. Hence, masses are by choice (and some of them by force) switching to organic foods.
Food is one of the basic needs of a human being. Since the inception of the world, humans could rose themselves because of feeding only. In the course of time, the food cultures or food behaviours of various civilisations witnessed revolutionary changes. Organic foods have been a part every civilisation since ages. And now, to complete the circle again, we are moving to organic foods.
Organic food is a product of a farming system which avoids the use of man-made fertilisers; pesticides; growth regulators & livestock feed additives. Hence, such products are said to have higher nutritional values than the other ones.
As far as the U.S is concerned, consumer demand for organic foods is showing double digit growth annually. As a result, for a wide range of products, financial incentives and many perks are being provided to the local farmers there. The trend is spreading its wings with a fast pace in U.S, by having more than 20,000 exclusive stores of natural organic foods for the customers. According to the recent industry statistics, organic food sale accounts for over 4 percent of total U.S food sales. Sale of organic foods in U.S was predicted to have crossed $28.4 Billion in 2012. In last 5 years, the growth has consistently maintained to have a double-digit rate. The following chart explains very well, how the fast-paced growth of organic food industry has taken place.
As far as emerging countries such as India are concerned, no official statistics for organic foods have been published by the government. But being an agricultural country, India provides the prime, potential and huge customer base for the organic food industry. Metro cities are adopting this culture and soon it will show good results in tier 1 and tier 2 cities of India. In short, the organic food industry has a very bright future in India and across the globe as well.
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