, April 04, 2018 ) The Europe Organic Food Market
was worth USD xx billion in 2016 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2021. Food produced without use of pesticides and fertilizers is called as organic food and this type of farming is called as organic farming. Organic farming techniques may vary worldwide but promotes ecological balance and conserve biodiversity. Generally organic foods contain large levels of antioxidants and certain micronutrients such as zinc, iron and vitamin C.
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Foods covered under current organic standards are fruits and vegetables, including mushrooms, grains, legumes, nuts and seeds, dairy products and eggs, livestock feed, meats and poultry. Organic food is processed by certain standards of organic farming. These standards prohibit use of most synthetic fertilizers and pesticides, sewer sludge fertilizers, genetic engineering, growth hormones, irradiation, antibiotics, artificial ingredients and many synthetic additives. Organic livestock raised for dairy products, eggs and meat. The animals have access to the outdoors and given organic feed. They are not feed with growth hormones, antibiotics, or any animal by-products.
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Rising concerns about the environment and health benefits associated with organic foods are mainly driving the Europe organic food. In addition, increasing average household annual spending on food, increase in chronic diseases, greater accessibility of these products through small to medium scale retailers, changing lifestyles, implementation of initiatives to encourage farmers to switch to organic farming, rising working women population base, rise in number of organic food manufacturers are also complying with international standards and are labelling their products are also driving the market. However, lack of skilled number of professionals and high cost equipment for farming re hindering the growth of the market.
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The Europe Organic Food can be segmented by the product type and region. On the basis of product type, the market can be segmented into fruits and vegetables, grains, meats and poultry, dairy products, livestock feed and others. Fruits and Vegetables have the largest market while meats and poultry are the fastest growing segments. The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. In Europe, Germany leads the market, followed by France and U.K. The market in this region is projected to grow strongly during the forecast period due to various factors such as growing awareness about health and favourable reimbursement policies.
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Some of the key players dominating the Europe Organic Food Market are White Wave Foods, Spartan Stores Inc, Hain Celestial, United Natural Foods Inc., General Mills, AMCON Distributing Co., Sprouts Farmers Market, Amy’s Kitchen, Cliff Bar & Company, Whole Foods Market Inc., Dean Foods, and Organic Valley.
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