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(MoneyNewsWire.Net, March 30, 2018 ) The Latin-America Organic Beverage Market is estimated to reach $15.06 billion with a CAGR of 13.92%, by 2021 from $7.85 billion in 2016. Organic Beverage are recognised as beverage which do not contain synthetic pesticides, artificial flavours, colours, preservatives, growth hormones, and are not altered using genetic engineering techniques Latin America is one of the emerging market for Organic Beverage.
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The growth of Organic Beverage in Latin-America Market is majorly driven by factors such as rising demand for organic beverages, growing health consciousness, presence of domestic organic production, and growing government support. The key restraints of the market are shorter shelf-life of the product, premium pricing of the products, and limited accessibility.
The Latin-America Organic Beverage Market is segmented based on the Type and Distribution Channel. Based on Type, the market is classified into Non-Dairy Beverage (Rice, Oats, and Soy), Coffee and Tea, Alcoholic Beverage (Beer and Wine), Soda and Soft Drinks, and other beverages. On the basis of Channel, Latin-America Organic Beverage is segmented into Supermarket/Hypermarket, Pharmacies, Online Retailers, and Specialized Stores. Organic Coffee and Tea segment is leading Latin-America Organic Beverage market. Organic tea and coffee dominates Organic Beverage segment in Latin-America.
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The Latin-America market is geographically segmented into Brazil, Argentina, Mexico and rest of Latin America. Within Latin America, sale of Organic Beverage has picked up in countries like Brazil and Mexico and is expected to grow in the coming years.
The major companies dominating Latin-America Organic Beverage market are PepsiCo (USA), Coca-Cola (USA), Nestle (Switzerland), Starbucks (USA), Aires de Campo SA de CV (Mexico), Usina Sao Francisco SA (San Francisco), Greenpeople (Brazil), Costco (USA), Sainsbury (United Kingdom).
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