Podcast: The growth of organic food and drink sales in the EU and US
The global organic sector is on a strong upwards growth curve, with organic food and drink sales in 2016 estimated at just under $90 billion, having achieved growth of around 10% a year since 2000. The sector is growing by around 15% per annum and the potential for further expansion is enormous.
Market growth has been fuelled by a rapid rise in the area of farmland that has been certified organic (see chart below).
As of 2016, a total of 57.8m ha had been approved for organic production, amounting to 1.2% of all the world’s farmland. In the last two years, some 13.4m ha of new organic farmland has been created, as demand for organic food and drink products grows.
In this podcast, IEG Vu publishing director Adam Sharpe discusses a new special report produced for sister website IEG Policy, titled ‘The EU & US Organics Sector: Market Overview & Regulatory Outlook’, with report author Chris Horseman.
The report covers market developments in the organic sector, new rules and regulation in the EU, prospects for changes to the regulatory framework in the US, certification requirements, and prospects for growth.
Download the report
If you are a subscriber to IEG Policy, you can access the report as part of your subscription here.
If you’re not a subscriber, you can access the report through a free trial of IEG Policy.
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