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Article: Market for Organic Foods and Beverages Growing By Nearly 20% Annually; New report forecasts sales of $32.3 billion by 2009.
- Article from:
- PR Newswire
- Article date:
- November 22, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK, Nov. 22 /PRNewswire/ -- The market for organic foods and beverages continues to grow at a rapid pace and is expected to generate sales of $32.3 billion by 2009, according to "The U.S. Market for Organic Foods and Beverages," a new report from market research publisher Packaged Facts. Overall, the organic industry has been experiencing annual growth between 17 and 22 percent over the past few years, compared to just 2 to 3 percent growth in the conventional food industry.
The mass-marketing of organic foods in supermarkets - which accounted for 37 percent of organic sales in 2003 -- and expansion by mainstream food companies into the organic market are ...