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13/10/2006
Ethical foods sale booms
Sales of fair trade and organic products in the UK have shown a steep rise with consumers set to spend more than £2bn in 2006, according to research by the market analyst Mintel.
Consumers are spending up to 62% more now on these free range, fair trade and organic products commonly known as ethical foods in 2001.
Julie Sloan, Senior Market Analyst at Mintel, said: "Ethical food suppliers have traded on the fringes of the UK grocery market for many years but until recently only a few sectors, such as free-range eggs, had really established themselves.
"Now many more ethical products have entered the mainstream foods sector, with leading suppliers and retailers becoming increasingly involved. In the present climate, many companies may be hoping to improve their profile by projecting a more ethical stance."
Mintel said that approximately 70 fair trade and organic products were launched in 2005 alone, compared with 25 in 2002.
(CD/SP)
Consumers are spending up to 62% more now on these free range, fair trade and organic products commonly known as ethical foods in 2001.
Julie Sloan, Senior Market Analyst at Mintel, said: "Ethical food suppliers have traded on the fringes of the UK grocery market for many years but until recently only a few sectors, such as free-range eggs, had really established themselves.
"Now many more ethical products have entered the mainstream foods sector, with leading suppliers and retailers becoming increasingly involved. In the present climate, many companies may be hoping to improve their profile by projecting a more ethical stance."
Mintel said that approximately 70 fair trade and organic products were launched in 2005 alone, compared with 25 in 2002.
(CD/SP)
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