Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

New Zealand Organic Market Report 2018

New Zealand Organic Market Report 2018

The New Zealand organic sector has grown 30 per cent since 2015 to now be worth $600 million per year, buoyed by consumer demand here and globally.

The 2018 OANZ Organic Market Report, released today, shows retail sales of organic products are growing twice as fast as conventional products, up 8.8% to $245 million.

Independent research in the report shows that eight out of 10 Kiwi consumers are buying organic fresh, frozen or packaged food and beauty products at least fortnightly. Just under half (48%) say they purchase organic products because they are concerned for the environment and sustainability.

Exports too are booming, up 42 per cent since 2015 to $355 million.

“The 2018 report findings reporting market growth of 15 per cent a year tell us loud and clear that opportunity lies before us,” says OANZ CEO, Brendan Hoare. “The world wants what New Zealand has to offer, and we have the capability to grow our share of the global market where the organic food segment alone is worth EUR85b and is growing at 10.5 per cent a year."

The report presents the latest research on the New Zealand organic sector's size, growth, trends, perceptions, challenges and opportunities across the value chain, looks at how we are tracking globally and also investigates the multiple benefits of organic production from a True Cost Accounting point of view.

VIEWING AND DOWNLOADING
Follow this link to access:
• 2018 Market Report
• Summary Report
• Snapshot of key findings
• Media releases
• OANZ Chairman's launch address

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Climate Summary: NZ’s Equal-2nd Warmest Year On Record

Annual temperatures were above average (+0.51°C to +1.20°C above the annual average) across the majority of New Zealand... 2018 was the equal 2nd-warmest year on record for New Zealand, based on NIWA’s seven-station series which began in 1909. More>>

ALSO:

GDP: Economic Growth Dampens In The September Quarter

Gross domestic product (GDP) rose 0.3 percent in the September 2018 quarter, down from 1.0 percent in the previous quarter, Stats NZ said today... GDP per capita was flat in the September 2018 quarter, following an increase of 0.5 percent in the June 2018 quarter. More>>

ALSO:

Up $1.20: $17.70 Minimum Wage For 2019

Coalition Government signals how it will move toward its goal of a $20 p/h minimum wage by 2021... “Today we are announcing that the minimum wage will increase to $17.70 an hour on 1 April 2019." More>>

ALSO:

Retail: IKEA To Open In New Zealand

Inter IKEA Systems B.V. is today announcing its intentions to grant the Ingka Group exclusive rights to explore expansion opportunities in New Zealand. More>>