Economy Agriculture and Food Systems US Organic Food Industry Expected to Grow Over 12% by 2014

US Organic Food Industry Expected to Grow Over 12% by 2014
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Organic food industry has been growing strong in the US, on the back of increasing awareness regarding health, environment protection, food safety, and animal welfare reforms.

Even in the testing scenario of economic slowdown, the industry posted 5.1% year on year growth in 2009, which was well ahead of overall food industry growth in the country. Emphasizing on the existing and upcoming market trends, the "US Organic Food Market Analysis" - released by RNCOS institute - further reveals that the industry will orchestrate 12.2% Compound Annual Growth Rate (CAGR) during 2010-2014.

The research identifies fruit and vegetables segment as the most dominant segment among organic foods segments in the US. In 2009, the segment accounted for 38% of total organic food market and sustained its top slot. Improving economy is improvising job market and ultimately increasing income levels. This, along with various other factors, discussed and analyzed in the report, will make the US organic food industry one of the fastest developing markets during our forecast period.

http://en.greenplanet.net/food/research/1839-us-organic-food-industry-to-grow-over-12-by-2014.html

 

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