Monday, May 28, 2007

Canadian Organic Market Continues to Grow

"In its recent report on "World Organic Foods And Beverages Report (2006)" RNCOS has found that the Canadian organic food market is expected to grow at a CAGR value of almost 17.41% for the period spanning 2007-2011.

According to the data in a report that Certified Organics released on May 14, 2007, more than 50% of Canadian households purchased organically grown food during 2006. The most significant reason behind this switchover was Canadians’ worry regarding the presence of pesticides & fertilizers in conventionally grown foods.

Organic food & farming sector of Canada is less advanced in comparison to that of the US and various EU nations. After a surge of interest during late 1980s, govt. research & support in this sector has gone down. Though the industry continued to expand but quite sluggishly."

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