The global biofertilizers market size is projected to reach USD 2.70 billion by 2027, expanding at a CAGR of 12.8%. Rising demand for organically produced food products across emerging economies backed with growing economic stability is the key boost to the marketspace. Organic food products are naturally derived without utilizing any food additives or synthetic chemicals. Key contributors to the organic food market include organically produced meat and dairy products, organically cultivated fruits and vegetables, and naturally derived beverages, which include both alcoholic as well as non-alcoholic beverages.
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