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Organic market needs a 'plus'.(Industry News)


In response to slowing growth, producers and retailers of organic products must adapt to consumer expectations, which have shifted in light of the economy and other factors, U.K.-based Organic Monitor argues. Following higher growth rates, the global organic food market has slowed to single-digits.The U.K., which registered 2% growth in 2008, has been affected most, as consumers wield less spending power. However, as growth has slowed, consumer expectations have risen. As a result, Organic Monitor claims "Organic Plus" strategies, such as ethical sourcing, traceability, offsetting carbon emissions, sustainability and corporate social responsibility, are necessary to drive the market forward.

COPYRIGHT 2009 Rodman Publishing Reproduced with permission of the copyright holder. Further reproduction or distribution is prohibited without permission.

Copyright 2009 Gale, Cengage Learning. All rights reserved. Gale Group is a Thomson Corporation Company.

NOTE: All illustrations and photos have been removed from this article.


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