The global organic fruits and vegetables market size will reach US$55.8 million by 2027, said a new report from Allied Market Research. The market will have a compound annual growth rate (CAGR) of 7.9% from the forecast period 2020 to 2027. Findings reveal growth spurred by consumers' increasing awareness regarding the benefits of organic food products. Coupled with this is the growing disposable income of consumers who are now more informed about the food quality, ingredients sources and how fruits and vegetables are cultivated.
Meanwhile, Asia-Pacific is holding considerable market size for organic fruits and vegetables, said Allied. The region will continue its market holding during the forecast period 2020-2027. Growing demand for food and beverages in the form of ready-to-eat, ready-to-drink, packaged, frozen are also significantly adding to the growth of the organic fruits and vegetable market during this forecast period.
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