According to MarkNtel Advisors’ research report titled “USA Organic Food Market Analysis, 2020”, the organic food market is projected to register a CAGR of around 5% during 2020-25. The household sector captured a significant market share in the US organic food market in 2019 due to increasing concerns for nutritional value and health impacts. Moreover, the demand for organic food from restaurants, health institutes, hotels, etc. is surging. These facilities are including organic meals in their menu which has helped largely in brand development and also help in providing preferential benefits to the food chain restaurants and hotels.
The fruit & vegetable segment acquired the highest market share in the US organic food market in 2019. Considering the vegetable production, production of tomatoes is currently dominating the market, followed by the beans production. The rise in production of organic fruits & vegetable is burgeoning the demand from consumer and industrial sectors. Moreover, the high purchasing power of the customers in the US has positively impacted the demand for US organic food.
According to MarkNtel Advisors, the key players capturing a considerable market share in the US organic food market include Amy’s Kitchen, Organic Valley Inc., Danone North America, General Mills, Hain Celestial Group, Lifeway Foods Inc., etc.
