French organic supermarket chain NaturéO saw its turnover rise by 42% to reach €92 million in 2016, according to LSA-Conso.fr.
It opened 11 supermarkets over the calendar year, taking its total number of outlets to about 30. It plans to augment this with a further 20 or so openings over 2017, during which it will celebrate its tenth anniversary.
The market for organic products in Europe and the US is expected to grow until 2025 at a compound annual growth rate of between 6.7% and 7.6%, while the value of the organic food market in Italy recently reached €1 billion.
Earlier this year, Spanish food company Ebro Foods enlarged its offering of organic SKUs through the acquisition of organic food firm Vegetalia, a takeover effected through its French subsidiary Alimentation Santé.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Peter Donnelly. Click subscribe to sign up to ESM: The European Supermarket Magazine
