Substantial Growth of Organic Food and Ecommerce Industries Proves Our Business Model
Over the last several weeks, we have seen statistics from authoritative sources, which paints a very positive picture for our industry on two fronts.
The first is the growth of the organic food industry. The organic food industry has seen gains over the last several years and this growth is beginning to increase.
According to the Organic Trade Association’s 2016 Organic Industry Survey, in 2015, organic product sales hit a new high of $43.3 billion, which was a substantial gain of 11 percent over 2014 figures. It is important to realize that the overall food market’s growth is only about 3 percent annually.
The organic food industry’s dollar volume growth was impressive as well; it attained its largest annual dollar gain ever in 2015, adding $4.2 billion in sales, up from the $3.9 billion in new sales recorded in 2014. Of the $43.3 billion in total organic sales, $39.7 billion were organic food sales.
The fastest growth in organic foods came were in categories like fresh juices and drinks in which sales were up 33.5%, condiments up 18.5% and organic snack foods were up nearly 14% for the year.
As for the future, this growth is forecast to increase at a more rapid pace. According to Research and Markets, the global organic food market is projected to grow at a compounded annual growth rate (CAGR) of over 16% through 2020. Rising lifestyle diseases coupled with excessive contamination of conventional food are driving organic food sales, globally according to the R&M report.
Just over a week ago, we saw news that stated that the Global organic food & beverage market is expected to reach USD 211.44 billion by 2020. These figures were from a report by Grand View Research.
From the Report: Increasing consumer awareness regarding ill effects of inorganic food on human health has compelled consumers to adopt organic food & beverages. Growing popularity of the product among consumers owing to health benefits associated with its consumption is expected to drive the demand over the forecast period. Moreover, regulatory support to organic farming is also expected to have positive influence on industry by improving supply and product quality.
The growth of the organic food and products industry makes a lot of sense because that is exactly why we are in the business we are in; its growing quickly!
In another area of our business, which is ecommerce, web based sales totaled $341.7 billion for 2015, which represents an increase of 14.6% over 2014’s $298.3 billion, according the U.S. Department of Commerce. Being that our product sales are exclusively online, it is very encouraging to us that online sales have become mainstream for consumers.
If you want to participate in this fast growing industry with us at Green PolkaDot Box, there are two ways of doing so:
Our Health Merchant Program will enable you to get in on the ground floor of this opportunity.
The second way to participate is by investing in our Company. We are a publicly traded company on the OTC. Our ticker symbol is GPDB. We have a great investor site, which is updated daily.