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Organic Food is Best for Kids, Say Parents
According to a recent report "World Organic Foods And Beverages
Report (2006)" published by RNCOS, it has been found that in comparison
to the world organic food market's present growth rate, US organic food
market will decelerate, but the region would remain the highest revenue
generator globally even in the future.
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Parents, at present, are more concerned about the health hazards of
conventional food their children are exposed to. This worry is causing
them to drive the sales of organic baby food, consequently encouraging
more and more, firms to either join or expand their present offerings in
this sector.
Further as various studies confirmed the fact that organically grown
foods contain more nutrients in comparison to their conventional
version, customers spent about US$ 13.8 Billion on organic food during
2005. Sales of organic food showed an annual growth of about 20% during
the same year, as per a study.
Though organic food still contributes a tiny share in the overall
baby food market, but this doesn't imply that it's not growing at all.
Sales of organic baby food soared about 21.6% to reach US$ 116 Million
mark in the year that ended on February 24, 2007 - after jumping almost
16.4% a year ago (2006), said The Nielsen Company. In-between, overall
baby food sales grew nearly 3.1% to reach US$ 3.7 Billion during the
same period. The data was gathered from the US grocery, mass and drug
market retailers (this doesn't include Wal-Mart).
RNCOS report on "World Organic Foods And Beverages Report (2006)"
notifies that, "The organic food market in the US generated US$ 15.9
Billion in revenues during the year 2006, representing a CAGR of 16.61%
for the five year period spanning 2002-2006. Sales of fr uits &
vegetables proved most advantageous for this market. Total revenues
generated by this segment reached the level of US$ 6.6 Billion,
equivalent to almost 41.4% of overall value of the market, in 2006."
Key issues addressed in the report comprise of: market size of the
world organic foods and beverages industry, total organic food market
segmentation by product, what and where are the growth prospects and
issues related to the industry, what are the factors driving growth in
the organic food market, etc.
About RNCOS E-Services Pvt Ltd.:
RNCOS, incorporated in the year 2002, is an industry research firm.
It has a team of industry experts who analyze data collected from
credible sources. They provide industry insights and analysis that helps
corporations to take timely and accurate business decision in today's
globally competitive environment.
For more information visit:
http://www.rncos.com/Report/IM042.htmm
Current Industry News:
http://www.rncos.com/blog
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