MarketResearch.com announced today the release of a new study, “The U.S. Organic Food Market”, by Kalorama Information. Predicting the rise of organic sales, this study attributes part of the projected $12 billion market increase to new industry standards proposed by the USDA. Prompted by consumer backlash to hormone use, genetic engineering and irradiation, the USDA intends these federal regulations to define “organic” and enable this segment to become a nationally recognized part of the food and beverage industry. This new legislation will also validate organics in the minds of consumers, propel sales and instigate an overseas market.
“European countries currently ban specific American products because of uncertain genetic content,” said Claire Madden, VP of Marketing at MarketResearch.com. “U.S. farmers have lost an estimated $200 million in annual sales because of this ban. With the new standards, U.S. products will meet European guidelines and, hopefully, open a new avenue for sales.”
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The use of recombinant Bovine Growth Hormone (rBGH), a synthetic growth hormone that increases the production of milk in cattle, will be forbidden by the new legislation. Use of this hormone has proven to cause mammary infections in cows and resulted in depressed milk prices. Although other controversial issues still remain, the new USDA regulations address most of the serious concerns and should be law by end of 2000.
About MarketResearch.com
MarketResearch.com provides instant access to over 10,000 publications from more than 350 content providers. Free database access and full-text searching combine with electronic delivery for a results driven user experience. Clients include General Mills, Annie’s Homegrown, The Hain Celestial Group and Stoneyfield Farm. For more information call Kim Keller at 800-298-5699 or visit www.marketresearch.com.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
