Hain Celestial's record US$1.13B in revenue for fiscal year 2011 reflects boom in U.S. organic food, beverage industry; U.S. organic food, beverage sales grew 7.7% in 2010 from 2009, to US$26B

LOS ANGELES , October 4, 2011 () – Riding the boom in the U.S. organic food and beverage industry, Hain Celestial posted a record US$1.13 billion in revenue for its fiscal year 2011, Investor’s Business Daily reported Oct. 3.

Hain – which makes and sells a variety of organic foods, drinks and personal care and household products – saw the increase following a 2010 performance that saw its year-over-year sales fall 18%. Its top customer is natural foods grocer Whole Foods, which accounts for approximately 10% of Hain’s sales.

Hain’s recent growth can be largely attributed to the rising demand for products that don’t contain chemicals, preservatives or other additives.. U.S. industry sales for organic food and beverage topped $26 billion in 2010, up 7.7% from 2009 and well above the $1 billion mark seen two decades earlier..

The primary source of this article is Investor’s Business Daily, Los Angeles, Calif., on Oct. 3, 2011.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.