Increase in Organic Product Sales Will Likely Lead to Increased FDA Regulations, Costs
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May 07, 2012
Food, Law & Regulatory
3 Comments
Tags: claims, consumers, FDA, foods, National Organics Program, natural, NOP, Organic, products, regulation, reports, statistics, TABS Group, usda
The demand for organic products is on the rise, despite higher prices, according to a recent report from the TABS Group, Inc. The Annual Organic Product Study for 2011 showed an estimated 15-20% growth in sales for organics products, for both foods and cosmetics. The research showed that consumers 40 and under purchase more organic products than older consumers, even though the younger demographic has less disposable income to absorb the higher price points commanded by organic products. This trend indicates sales in organic goods are … READ MORE
