An update yesterday from Rabobank indicated that, “The organic food industry in Western Europe and the US has been experiencing a prolonged period of high single-digit to low double-digit sales growth—and, on the back of ongoing health, food safety, and environmental and animal welfare concerns by consumers—Rabobank expects this trend to continue.
“‘Until 2025, organic food sales in Western Europe and the US are forecast to grow (CAGR) by 6.7 percent and 7.6 percent, which is roughly three times faster than overall food consumption growth,’ says John David Roeg, Senior Consumer Foods Analyst at Rabobank. ‘Food producers should increase their focus on organic, through new products and brands, or through the reformulation of existing products to help grow their top lines. This will also help them to position themselves as responsible businesses.'”
