Ethical Markets grow by 8% finds latest Ethical Consumer Markets report
This week Ethical Consumer launched the latest version of its flagship Ethical Consumer Markets Report, this year sponsored by Triodos Bank.
It was more good news for ethical markets with the value of all ethical spending in the UK growing to a robust £38 billion in 2015 up 8.5% from last year.
More ethical goods available
It was clear from the research that more companies, from small entrepreneurs to large multinationals, are bringing more ethical choices than ever before to modern consumer markets. These range from tiny, one person, operations making organic food products in their own kitchens, to Nissan’s latest range of electric cars.
This is the thirteenth consecutive year of growth for their Ethical Purchases section, reﬂecting the continued appeal of ethical markets in the UK.
This continued growth in ethical buying is also an encouraging trend at a point in time where global political developments, for those concerned about environmental and human rights issues, are not all that positive.
Key Trends from the report
1. Ethical Food bucking the trend. Strong sales of Organic and Freedom Food (RSPCA)-certified products helped Ethical Food & Drink sales grow by 5.3%, despite a 0.9% decline in the value of the overall UK food & drink market.
2. The Green Car revolution. The Green Car industry (which includes electric and hybrid cars, as well as cars that emit less than 100g of CO2 per km) continued to boom and is now worth £8.4 billion, owing to improvements to infrastructure and increased consumer awareness.
3. Local Shopping for ethical reasons grows significantly in 2015. Consumers increased ethical spending in their community by 11.7%.
The full Ethical Consumer Markets Report is available from their website.