New Delhi: 16/1/2012- The organic food and beverages market in Asia-Pacific has surged in the recent years due to a marked increase in both consumption and production in the region. Large increase in the production and demand are making the industry in the region one of the most imperative industries in the world Though Asia has been slow in adopting the organic trend but in the last 2 -3 years’ countries such as Singapore, Malaysia and Taiwan have witnessed tremendous growth rates due to the surging organic productivity in these countries. The investment from food companies and leading retailers in the organic food range has aided the stimulated demand along with a large increase in the production. The organic farmland in the region has also shown considerable increase over the years with the largest increase witnessed in China. Other countries such as India and Thailand are also converting to organic production due to the escalated demand and rising awareness among the masses.
The demand for organic food and beverages in Asia has grown at a CAGR of 12.4% from the period 2006-2011. The Asian market is mainly characterized by the import of large amount of processed organic products. The organic agricultural products consumed in Asia include products such as rice, fresh produce, sugar, aromatic herbs and medicinal plants. The imported products such as counter seasonal fresh produce, baby food, breakfast cereals, beverages and dairy products also form a significant part of the industry.
According to the research report “Asia-Pacific Organic Food and Beverages Industry Outlook to 2016- Expanding Distribution Channels to Encourage Growth” by Ken Research, the Asia-Pacific organic food and beverages market would grow at a reasonable CAGR rate thus reaching USD 6.2 billion by 2016 due to escalating consumer interest in organically grown foods leading to new market opportunities.
“Rising awareness of local consumers on the environmental, food safety and taste attributes of organic products is expected to stimulate the demand within the region. The improving government policies towards creating health awareness and regulating the organic status of a food product will attract the attention of the marketers in the region.” according to the Research Analyst, Ken Research.
The report “Asia-Pacific Organic Food and Beverages Industry Outlook to 2016 - Expanding Distribution Channels to Encourage Growth” provides detailed overview on the organic food and beverages market in Asia-Pacific region. This report helps reader to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will help industry consultants, organic food producing companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
For more information on the industry research report please refer to the below mentioned link: