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Global organic sales to reach $40bn

Global organic food and drink sales are forecast to reach US$40 billion by the end of 2006 according to research from Organic Monitor. Demand is exceeding supply in many parts of the world, particularly North America, where consumers have embraced the organic food trend.

Due to the premiums placed on organic products, most organic shoppers live in affluent countries such as Switzerland, the US and Singapore. Meanwhile, the largest increases in organic production are in developing countries, with Latin America, Asia and Africa reporting triple-digit growth in organic farmland since 2000.

Worldwide, fruit and vegetables are the most popular organic food category representing a third of global sales value; this is followed by dairy foods and then drinks.

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