Organic food has been launched into the limelight over the past decade. Once considered to be an alternative food eaten only by minority groups, a growing number of consumers are purchasing organic food. Organic crop farmers have reaped the benefits of growing demand for organic fruits, vegetables, grains, nuts and herbs over the past five years. Industry revenue is expected to post annualised growth of 11.0% over the five years through 2014-15, to reach $264.9 million. This includes forecast growth of 6.0% for 2014-15.
Farmers in this industry grow organic crops such as fruits, vegetables, grains, fibres, nuts and oilseeds. Crops must be grown without manufactured fertilisers, pesticides, growth regulators or any other plant modifications.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.