The organic fruits and vegetables market in the U.S. is expected to grow at a CAGR of 3.8% during the forecast period. It is largely attributed to the high presence of key players, such as Kettle Foods, Inc., Luke’s Organic, and General Mills Inc., which are expected to enjoy the largest share of the market. In addition, the growing health consciousness of consumers in the U.S. is expected to boost market growth.
According to the report, California’s farmers will earn $49.1 billion in cash receipts in 2020, down 3.3 percent from the previous year. The state will also record a decline in agricultural exports, with a decline of 2.8 percent from the previous year. The top commodities that California will export in 2020 include almonds, dairy, pistachios, walnuts, and wine.
According to a recent survey conducted by Cone Communications, 77 percent of U.S. adults say sustainability is a factor in their purchasing decisions.
More than half of them choose organic or locally-grown produce over conventionally produced food. Approximately twenty percent of consumers buy foods in recycled packaging. This often comes with a price premium. However, there are many benefits to buying organic food. For instance, it is proven to be more nutritious and free of harmful chemicals.
Increasing awareness about the health benefits of eating organic food is fueling the sales of organic chips. The growing popularity of cereals has led manufacturers to increase their range of organic chips. Organic spices are also becoming popular among consumers. The health-conscious nature of North American consumers makes them more likely to buy them. And because they’re generally more health-conscious, the market for organic chips is expected to grow at a 4.3% CAGR over the forecast period.