The market for organic products of the Russian Federation in 2021 may grow by up to 12 billion rubles

Published 2021년 10월 8일

Tridge summary

The global organic market is projected to grow by 12% in 2021, reaching $140 billion, driven by a trend towards healthy living. The US leads with a 50% market share, followed by the EU at 35% and China at 10%. Russia also has potential for organic market growth, with a developing market that could exceed 12 billion rubles by the end of the year. The Russian organic market has potential for import substitution and export, with current overseas supplies estimated at 20 million euros, which could grow significantly by 2025. The market is expected to benefit from increasing consumer trust in organic certification.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The covid period stimulated the growth of demand for organic products all over the world. According to the Russian Agricultural Bank, in 2021 the global organic market will grow by 12% and reach $ 140 billion. press service of the Russian Agricultural Bank. "The Russian market for organic products has a growing potential against the background of population demand. By the end of the year, the volume of this market may reach more than 12 billion rubles." ... Experts associate the growth in demand for organic products all over the world with the general trend towards a healthy lifestyle. The most ardent adherents of organic products remain the residents of the United States - the country accumulates about 50% of the world market for organic products. The share of the EU countries is 35%, China is about 10%. Great Britain and Switzerland also stand out in terms of the volume of the domestic market. “As a rule, in developed organic markets, its share in the total volume of ...

Source: Milknews