Have a feeling the organic market's got a lot to offer? You're not the only one.
If you're looking for a hot market, look no further than organic products-those grown and farmed in such a way as to ensure sustainability (for example, without pesticides). According to the Organic Trade Association (OTA), the organic market is growing 20 percent every year. "Up to 60 percent of the population [is] willing to buy organic products," says Holly Givens, communications director of the OTA.
But to get those products into the hands of consumers, entrepreneurs must know their market well. The organic food and beverage market is estimated to be about $6.9 billion and is expected to grow between $12 billion and $13 billion by 2007, according to the Natural Marketing Institute (NMI), an organic market consulting firm in Harleysville, Pennsylvania. Joe Marra, executive director of NMI, notes all areas are experiencing growth, especially spices, yogurt, coffee and meats.
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