Entrepreneur.com: Organic Foods on the Rise
By Sara Wilson
November 17, 2006
America has a growing appetite for all things healthy. From zero trans-fat snacks to fortified foods with added health benefits, if it’s good for the consumer, it’s most likely good for business. Even candy is being loaded with omega-3 fatty acids, healthy extracts and vitamin C. But the real buzzword is organic. According to the Organic Trade Association, based in Greenfield, Massachusetts, organic food sales in the U.S. totaled nearly $14 billion in 2005, with double-digit growth expected from 2007 to 2010. According to the association’s press secretary, Barbara Haumann, consumers--especially the Generation Y crowd--are happy to do away with added hormones, antibiotics and genetic modifications.
Not sure there's room for more competitors on the organic playing field? Have no fear. Opportunities abound, especially in niche areas like alcohol (according to the Organic Trade Association, organic beers grew from $9 million in 2003 to $19 million in 2005), candy, condiments and sauces, not to mention food for kids, babies and pets.