U.S. Organic Sales Pass $50 Billion Mark for First Time
U.S. organic sales continue to outpace the broader market, surpassing $50 billion for the first time last year, as pesticide-free, non-GMO products take a bigger slice of the total consumer dollars spent every year. That rate is slowing from earlier this decade, a sign that the organic market is maturing and new types of health and wellness claims are fragmenting consumer spending.
May 17, 2019 | Source: Star Tribune | by Kristen Leigh Painter
The sales continue to grow faster than nonorganic products, but the rate is slowing.
U.S. organic sales continue to outpace the broader market, surpassing $50 billion for the first time last year, as pesticide-free, non-GMO products take a bigger slice of the total consumer dollars spent every year.
That rate is slowing from earlier this decade, a sign that the organic market is maturing and new types of health and wellness claims are fragmenting consumer spending.
The annual survey, published Friday by the Organic Trade Association, is primarily composed of organic food sales, but includes a rapidly growing nonfood segment of personal-care products, household goods and pet food.
“Organic is now considered mainstream. But the attitudes surrounding organic are anything but status quo,” Laura Batcha, chief executive of the Organic Trade Association (OTA), said in its announcement.
The vast majority of the more than 200 companies that responded to the survey, conducted by Nutrition Business Journal on behalf of OTA, make and sell food.