Ethical Shopping Continues to Take Off, Despite the Economy!
It's nice to know that no matter how sad and slow the UK economy looks, ethical shopping is still on the increase. So what's going on? Logic might predict that the credit crunch would kill ethical buying stone dead. But in fact green spending grew a massive 18% between 2009 and 2010.
The UK ethical goods market was worth just over forty three billion pounds in 2009, up from just over £36 billion in 2007. And strong growth continues despite a small but steady steady fall in household spending. The annual Ethical Consumerism Report showed, in late 2010, that a Fairtrade sales were up 64%. RSPCA 'Freedom Food' sales trebled. And ethical banking experienced strong growth in an otherwise troubled market.
Consumers spent 27% more on ethically produced food and drink. 42% more free range eggs were sold in 2009 than in 2007. 34% more free range chicken sold in past years and sales of sustainable fish sales climbed 154%.
The list goes on. The ethical personal products sector grew by a huge 29% to hit a total of almost two billion pounds. Ethical clothes are another biggie, with sales up 72 per cent. And ethically produced cosmetics sales increased by just over a third to £486 million.
Ethical home goods, including appliances, showed a steady growth of 8% over the past two years and ethical finance, helped by consumer mistrust of traditional banking, shot up 23%. As the CEO of one of the UK's oldest and best respected ethical finance providers, Co-operative Financial Services, said, “... the growth in ethical consumerism continues to outstrip the market as a whole.”
Which is good news for us. Great news for you, the consumer. Excellent news for the future of the human race. And even better news for the planet as a whole. The tide appears to be turning dramatically as more and more of us take the future into our own hands. So make the most of your considerable consumer power and keep the ethical fires burning!