The Q2 2023 Organic Produce Performance Report issued by Organic Produce Network (OPN) and Category Partners is out, showing that “organic fresh produce grew slightly in sales dollars and volume in the second quarter of 2023, reversing a trend of volume loss seen in 2021 and 2022.
According to the report, “Overall, organic fresh produce dollar sales increased by 1.5 percent for Q2 2023 compared to the same period last year, with sales for the quarter topping $2.4 billion. Volume movement nudged up slightly less than 1 percent, reversing a downward volume trend that started in 2021. During Q2 2023, conventional produce dollar sales grew by 2 percent, while volume declined by 1.3 percent, as total sales topped $18.8 billion.”
In addition, “as conventional produce outperformed organic produce in dollar growth, it appears price increases on conventional produce are being more easily absorbed by consumers than the higher prices in organics.”
“The rate of organic sales growth – while still positive – slowed compared to past years, giving volume a chance to match that growth,” said Tom Barnes, CEO of Category Partners, in a prepared statement. “This suggests that inflation, while still evident, is not as apparent in organic produce as it was in conventional produce this past quarter.”
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