Even Organic Not Safe From Recession

November 7, 2008

Mintel expects market growth for organic food and drink to slow with economyDespite more organic food and beverage products on grocery store shelves, all is not healthy in the world of pesticide-free, additive-free edibles. In fact, Mintel predicts that market growth rates for organic food and drink will decline, especially as the economy struggles.According to Mintel, the market for organic foods and beverages should reach $7.2 billion in 2008, an increase of over 140% from the $3.0 billion recorded during 2003. But year-over-year, Mintel has seen sales growth slowing. With many Americans now struggling financially, Mintel projects that sales of organic foods and beverages will not rally anytime soon.

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