Tuesday, May 5, 2009

Study: Organic Products Selling Strong Despite Economy

U.S. sales of organic products, both food and non-food, reached $24.6 billion by the end of 2008, growing 17.1% over 2007 sales, according to the OTA, which released final results from its 2009 Organic Industry Survey on Monday. However, the industry's growth rate last year was its slowest since 2004, when the year-to-year increase was 14.6%. Organic food sales grew 20.9% in 2006 and 18.5% in 2007, according to OTA.

"Organic products represent value to consumers, who have shown continued resilience in seeking out these products," said Christine Bushway, executive director of the Greenfield, Mass.-based OTA, in a statement. "This marks another milestone for the organic food market."
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