Organic Sales to Reach £2bn by 2010

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Friday, 23 December 2005

A report on organics from Mintel today forecasts that the market will almost double again by 2010, from £1.2bn to more than £2bn.

The market researchers analysed recent annual rises in organic food sales and future changes in disposable income and demographics. Among the biggest influences is the forecasted rise in middle-aged consumers, who are enthusiastic buyers of organic food. Between 2005 and 2009 the number of people aged between 45 and 54 is set to rise by 9 per cent while the 55 to 64 age group will rise by 6 per cent. Over the period, personal disposable income is expected to leap by around 40 per cent.

"If you look at the interest of consumers in ethical trading, locally sourced products and animal welfare you can see that they come together in organic food," said Julie Sloan, a Mintel consumer analyst. "The sky is the limit. There is huge growth potential."

Source: The Independent. For full story go to http://enjoyment.independent.co.uk/food_and_drink/news/article334679.ece