Organic packaged foods
Health and wellness is the aggregation of organic packaged food and beverages, fortified/functional packaged food and beverages, naturally healthy packaged food and beverages, better for you packaged food and beverages and food intolerance products.
Organic packaged foods and beverages
This category includes packaged food & beverages that are certified organic by an approved certification body. Organic production is based on:
- A system of farming that maintains and replenishes soil fertility without the use of toxic and persistent pesticides and fertilizers.
- Organic food & beverages are minimally processed without artificial ingredients, preservatives or irradiation.
- The use of GMOs (Genetically Modified Organism) is prohibited. “Certified Organic” means the item has been grown according to strict uniform standards that are verified by independent state or private organizations.
- Depending on the country, such products are called ‘organic’, ‘biological’ or ‘ecological’: For organic products to be included under Euromonitor definitions, the organic aspect needs to form part of positioning/marketing of the product. This is an aggregation of organic baby food, bakery, confectionery, dairy, ice cream, oils and fats, ready meals, rice, sauces, dressings and condiments, snack bars, soups, spreads, sweet and savory snacks and other organic food.
Note that fresh food products or individual ingredients are not included in this definition.
Compound annual growth rate (CAGR)
The compound annual growth rate (CAGR) is the average annual growth rate over a specified period of time. For instance, the CAGR consumption of from 2015 – 2018 will be the average growth rates across these four years.