Mintel: Organic Growth to Slow

Market growth rates for organic food and drink will decline as the economy struggles, according to research firm Mintel, which said the market for organic foods and beverages should reach $7.2 billion in 2008, an increase of over 140% from the $3 billion recorded during 2003.

CHICAGO — Market growth rates for organic food and drink will decline as the economy struggles, according to research firm Mintel, which said the market for organic foods and beverages should reach $7.2 billion in 2008, an increase of over 140% from the $3 billion recorded during 2003. But with many Americans now struggling financially, Mintel predicts sales of organic foods will be affected. "Rising food and gas prices, the credit crunch and economic uncertainty have deeply affected people's

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