Economic downturn slows organic food sales growth

August 19, 2008 4:20:33 PM PDT
The economic downturn is slowing the growth of organic food sales. Organic products cost 10 - 50-percent more than non-organic versions.

While organic food sales enjoyed a steady yearly growth rate of about 20 percent in previous years, that growth rate is slowing as consumers cut back. Organic food sales are still up this year by about 18 percent.

Loyal organic buyers are driving the sales, however, the industry is having a harder time attracting new customers.