Chicago, IL—According to recent Mintel research, more than half of consumers are reporting that it is more important to buy local produce than organic. Mintel’s Global New Products Database has data showing products with a natural/organic claim have declined 58% between 2008–2011. Vegetable products with the same claim are doing even worse, dropping by 77% during the same time period.
Berkeley, CA—Maker of organic macaroni and cheese and other organic comfort foods, Annie’s, Inc., based here, has had a successful initial public offering on the New York Stock Exchange. Stock prices climbed 89% on its first day of trading to nearly $40/share, raising $95 million for the company.
Washington, D.C.—A recent study commissioned by the Council for Responsible Nutrition (CRN) found that dietary supplement use for adults ages 18 and over is on the rise. Compared to 66% of adults in the U.S. in 2010, supplement usage is now at 69%.
The 2012 Natural Products Expo West tradeshow was the largest in its 30-year history. Some 60,000 industry members attended the event, which ran March 8–11 at the Anaheim Convention Center. Show organizers said attendance of retail buyers grew 13% this year, which made for a good show, say many exhibitors.