- September 27, 2021
- Posted by: Stratford Team
- Category: Business
PHILADELPHIA — The natural products industry has the size, scale and influence to create positive impact for people and the planet, said Carlotta Mast, senior vice president at New Hope Network.
Sales of natural and organic products, including food and beverage, supplements, household and personal care categories, are on track to surpass $300 billion by 2023 and $400 billion by 2030, Ms. Mast said, citing Nutrition Business Journal estimates, during a presentation at Natural Products Expo East on Sept. 23 in Philadelphia.
Demand has eased from the spike that occurred in 2020, when consumers stockpiled groceries during the early pandemic period. Still, growth remains robust as consumer habits over the past year changed in favor of the natural products industry. Sales growth driven by the pandemic is expected to continue over the next three years as new consumers discover and buy more natural and organic brands, Ms. Mast said.
“People tried those new…