Organic Food Sales

5 downloads 145 Views 509KB Size Report
1990s — and organic sales increased from $3.6 billion in 1997 to over $39 billion ... The vast majority of American co
STATE OF THE INDUSTRY Consumer demand has grown by double-digits every year since the 1990s—and organic sales increased from $3.6 billion in 1997 to over $39 billion in 2014. Total U.S. Organic Sales and Growth, 2004–2014 $40,000,000,000 $30,000,000,000 $20,000,000,000 $10,000,000,000 $0

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Organic Non-Food Sales Organic Food Sales

The vast majority of American consumers purchase organic food products— a recent Consumer Reports survey shows that 84% of American consumers purchase organic food. But production is not keeping up with demand. Supply shortages are one of the greatest challenges facing the industry today. Despite continued growth in production, handlers are not able to keep up with demand. Organic food sales currently make up four percent of total food sales, while acreage devoted to organic agriculture is less than one percent of total U.S. cropland. There is a huge opportunity for rural communities to fill this demand. Organic Acreage vs Organic Food Sales 4% 3% 2% 1% 0%

2003

2004

2005

2006

2007

2008

2009

2010

2011

Percentage of Organic Acreage of Total U.S. Acreage Percentage of Organic Food Sales of Total Food Sales

THERE’S MORE TO ORGANIC THAN MEETS THE EYE

202.403.8520 | OTA.com