|
Fairtrade survey results
British shoppers’ interest in Fairtrade has more than doubled in the
past five years, with nearly a quarter of shoppers now saying they have
recently bought Fairtrade products, up from 11% in 2003.
IGD predicts growth in annual Fairtrade spending will average 11% over
the next five years to total £585m by 2012.
"People are taking a renewed interest in where their food comes from
and how it is produced," explains Gerardine Padbury, Senior Consumer
Analyst, IGD.
Padbury says Fairtrade sales are likely to remain upbeat in an economic
downturn, with only 6% of shoppers saying they will cut back on ethical
purchasing because of a tighter household budget.
"Ethical shopping is one of the big growth areas in the UK, with
sales of ethically-branded products outstripping conventional products.
"But there is no single ethical consumer, and each shopper is
placing a different emphasis on environmental, social and economic issues.
This presents both challenges and opportunities for retailers and
suppliers."
"Many have responded rapidly to consumer concerns, especially
through high-profile, flagship Fairtrade products such as chocolate, coffee
and bananas. Fairtrade is also branching out into other products such as
flowers, wine and even footballs."
"Ethical shopping is moving into the mainstream as shoppers’
become increasingly informed about how food is produced," she
concludes.
|