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Ethical trade grows during recession

Wednesday, January 30, 2013

Demand for ethical goods and services in the UK have actually grown during the last five years according to a report just published by the Co-operative Group, Ethical Consumer Markets Report. Since the onset of the recession five years ago the total value of ethical markets has gone from 35.5 billion to 47.2 billion.

 

Among the biggest growing categories during the recession are Fairtrade which has increased 176% from 458 million to 1,262 million, free range eggs sales up 78% from 444 million to 792 million and sustainable fish up 323% from 69 million to 292 million. Markets for green home products were up 10.6% to 8.4 billion and ethical personal products were up 4.3% to 1.8 billion.

 

Meg commented:

 

“These increases are very encouraging and illustrate that consumers despite the recession are choosing to purchase goods that are ethically sourced and sustainable for the future. Whilst the total for ethical trade remains a small proportion of total sales there is reason to be optimistic.”

 

To read the report visit:

http://www.thenews.coop/article/ethical-economy-gains-strength-recession

 


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