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
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.