Monsanto isn’t cheering the news that U.S. organic food sales have approached $37 billion annually, up 12% from just a year ago, but the trend shows no sign of slowing. This double-digit growth is expected well into the future, suggests aNutrition Business Journal report. [1]
Due to pressure from individuals, the annual growth of organic food sales for the nation has exceeded 10% since American economy took a downturn in 2008. That means that while almost every other industry has had to tighten its belt, organic food growers are watching demand absolutely explode.
Top food retailers in the US, including Costco, Kroger, Walmart and Target, have expanded their organic food offerings in recent years due to the forecasted growth of organics, and many companies have announced initiatives that could not only support existing demand, but boost sales even higher.
Starting from just a small base, organic sales have grown to account for nearly 5% of the ENTIRE food market, according tothe Organic Trade Association’s estimates.