New York ─ Packaged Facts investigated the trends and demographics fueling the multi-billion dollar natural and organic industry, in the 2nd edition of its report, Natural and Organic Food and Beverage Trends in the U.S.,
Packaged Facts estimates that 2008 sales of natural and organic food and beverages will continue at a double-digit growth rate to reach $32.9 billion. For the period between 2005 to 2008, Packaged Facts estimates a remarkable market growth of 67.6% with a compounded annual growth rate of 18.8%.
Not even the current economic upheaval due to the rising prices of fuel and grain is enough to impede the market’s steady development, which Packaged Facts projects will experience strong single-digit growth through 2013.
“While natural and organic products are no longer recession proof, Americans are waking up to expect natural and organic food in their stores; food that is pesticide-free, hormone-free and non-GMO. And suppliers and retailers are quickly acting to provide it to them. We believe this consumer demand will continue to spur the strong growth for these products,” said Tatjana Meerman, Publisher of Packaged Facts.
Source: Packaged Facts
