U.S. Organic Food Market One Of The Fastest Growing Industries

A report, “US Organic Food Market Analysis,” says that the U.S. organic food market has been one of the fastest growing industries, with average annual growth of 16%-21% in 2000-2008. As the world’s biggest economy, with one of the highest per capita incomes, the U.S. has the ingredients for the organic food market to expand and flourish, with compound annual growth rate forecast at 13% in 2010-2014. Rising awareness about environmental protection, food safety, health, and animal welfare are some of the factors that drive market growth. Government support and the growing demand for organic and natural products are pushing further the growth of the organic niche for the food and beverages industry.