Germany Organic Food Market Set to Cross € 15 Billion by 2021
Rising disposable income
coupled with increasing awareness about organic farming and health benefits of
organic food, to drive sales of organic food products in Germany through 2021
According to TechSci Research
report, “Germany Organic Food Market By
Type, Competition Forecast and Opportunities, 2011 - 2021”, organic food
market in Germany is projected to grow during 2016-2021, on account of growing
health consciousness coupled with high disposable income levels of consumers. Germany’s
average annual household net-adjusted disposable income per capita was $ 31,925
in 2015, which was more than the OECD average of $ 29,016 in the same year. Changing
lifestyles and consumer preferences, increasing number of women joining
workforce and government initiatives to promote organic farming and organic
food consumption in the country are further projected to drive demand for
organic food in the country in the coming years. Being a major developed economy
in Europe, Germany is one of the largest markets for organic food in the region.
Browse 17 market data Tables and 14 Figures
spread through 101 Pages and an in-depth TOC on "Germany Organic Food Market"
http://www.techsciresearch.com/report/germany-organic-food-market-by-type-organic-meat-poultry-and-dairy-products-organic-fruits-and-vegetables-organic-processed-food-organic-bread-and-bakery-products-etc-competition-forecast-and-opportunities-2011-2021/678.html
Organic food market in Germany is
majorly dominated by organic meat, poultry & dairy products and organic
fruits & vegetables products, and these two segments cumulatively garnered
a revenue share of around 52% in Germany in 2015. Germany organic food market
is quite fragmented with presence of various small players. Hipp GmbH & Co
Vertrieb KG, Alnatura Produktions- und Handels GmbH, Rewe Markt GmbH and
Aldi Einkauf GmbH & Co oHG are few of the major organic food companies
operating in Germany and are anticipated to continue dominating the market through
2021. Southwest region dominated Germany organic food market due to large
population size, and proximity to major European countries such as Belgium,
France and the Netherlands. Southeast region, with a population of over 19
million people in different states such as Bavaria, Thuringia and Saxony, is
the second largest regional market for organic food in Germany.
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“Over
the last few years, food consumption trends in developed countries have changed
significantly, with robust growth having been witnessed in adoption of organic
food, predominantly due to their significant health benefits. With high disposable
income and increasing consumer awareness, a huge number of consumers in Germany
are willing to pay higher prices for high quality organic food products. This
makes the country’s organic food market a lucrative market for companies
operating in the industry. Busy
lifestyles, changing consumer preferences, increasing health consciousness and
growing disposable income among the youth are fueling demand for organic processed
food in the country”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Germany
Organic Food Market By Type, Competition Forecast and Opportunities, 2011 -
2021” has evaluated the future growth
potential of Germany organic food market and provides statistics and
information on market size, market share and growth forecasts. The report is
intended to provide cutting-edge market intelligence and help decision makers
take sound investment evaluation. Besides, the report also identifies and analyzes
emerging trends along with essential drivers, challenges and opportunities
present in Germany organic food market.
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