Growing Organic Food Industry No Seasonal Fad

An article by Laura Rance (January 5, 2019) for the Winnipeg Free Press retrieved from https://www.winnipegfreepress.com/business/agriculture/growing-organic-food-industry-is-no-seasonal-fad-503939212.html

In naming organic foods one of its “Tops of 2018,” global analytics company Nielsen ends any debate over whether the industry now worth US$90 billion worldwide is a fad or a trend.

“Organic appears to be an age-old growth driver that’s here to stay,” the company said in an online article posted this week.

In fact, sales growth continues to outpace previous years. In the U.S., one of the largest organic markets, sales increased last year by nine per cent in value and eight per cent by volume. “At a time when the FMCG (fast-moving consumer goods) industry overall has experienced flat volume consumption, this growth is huge,” Nielsen said.

Statistics released by the Canadian Organic Trade Association last year indicate the total Canadian organic market is worth $5.4 billion, up more than 50 per cent over 2012.