Organic food industry

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Organic food industry

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Organic and Vegetarian Food Market is growing by an average of 12% a year in UK and 17-22% in North America. Following is research by Mintel on UK and Marketresearch on USAbout the market…
Since Mintel last examined the market in 2003, market growth has settled to around 12% per year, although there has been faster growth in the fresh produce sectors, meat and dairy. The market was valued at £1,060 million in 2004, and is expected to rise to £1,183 million in 2005. Greater expenditure on organics by committed consumers has been a prime factor in increasing sales value, although a shift in the approach of manufacturers towards the promotion of organic products on the grounds of superior quality and taste rather than organic status has helped establish several brands within the mainstream.

If you want more details about this particular report, please contact the Mintel information team on +1 312-932-0400 in the U.S., +44 028-90-241-849 in Northern Ireland, +353 048-90-241-849 in the Republic of Ireland or +44 (0)20-7606-6000 in the UK and the rest of the world, or email info@mintel.com.

Marketresearch.com 2005 on US:
The organic food industry has been growing remarkably for the past several years. The market has grown by 30% in value since the year 1997-98 and again by 32.6% in the year 2001-02. According to Nutrition Business Journal of San Diego, California, U.S. consumer sales of organic food in 2003 was $7.9 billion as compared to the sales in 1997 at $3.7 billion. The market for organic foods and beverages is still growing at a rapid pace and is expected to generate sales of $32.3 billion by 2009, according to a new report from 'Packaged Facts'. Against the 2 to 3 percent growth in the conventional food industry, the organic industry has been experiencing annual growth between 17 and 22 percent over the past several years.


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