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Natural foods companies continue to lead fastest-growing businesses

Inc. magazine's list of 5,000 fastest-growing private companies again illustrates the dominance of natural foods.

Victoria A.F. Camron

August 19, 2021

66 Slides

Several new natural foods companies debuted near the top of the Inc. magazine list of 5,000 fastest growing companies this week.

Of the top 10 Food & Beverage companies, five natural food businesses made their first appearances: Your Super, Refill It, Proud Source Water, Vive Organic and Purity Coffee. Three others—Lifeboost, Outer Aisle and Hungryroot—made their second consecutive appearances on the overall list.

Most natural products companies that reported strong growth in the Consumer Products & Services industry previously were listed, including Wellness Creations, Soapbox and A-Sha Foods. Some categories such as supplements were listed as Food & Beverage or Consumer Products; we stuck with the industries that Inc. assigned them.

Overall, the 145 businesses in the Food & Beverage industry reported a median three-year growth of 230% with $5.8 billion in new revenue. The 334 businesses in Consumer Products & Services reported a median three-year growth of 250% and $10.7 billion in new revenue.

All of the 5,000 companies on Inc.'s list reported a median three-year growth of 167% and $248.0 billion in revenue, compared with 165% median growth and $209.8 billion in revenue for 2020. The Food & Beverage and Consumer Products & Services categories outpaced the overall list last year, as well.

New Hope did not include businesses that primarily sell cannabis in this compilation.

To be considered for the Inc. 5000 list, privately held, independent companies that are based in the United States had to have earned $100,000 or more by March 31, 2017, and at least $2 million in 2020. The companies voluntarily submit their financial information.

About the Author(s)

Victoria A.F. Camron

Digital content specialist, New Hope Network

Victoria A.F. Camron was a freelance writer and editor contracted with New Hope Network from 2015 until April 2022, when she was hired as New Hope Network's digital content specialist—otherwise known as the web editor.

As she continues the work she has done for years—covering the natural products industry for NewHope.com and Natural Foods Merchandiser; writing up earnings calls and other corporate news; and curating roundups of trends and information for the website—she is thrilled to be an official part of the New Hope team. (She doesn't mind having paid holidays and vacations again, though!) Victoria also compiled and edited newsletters, and served as interim content director for Delicious Living in 2016.

Before working as a freelancer, she spent 17 years in community newspapers in Longmont, Colorado, and St. Charles and Wheaton, Illinois. Victoria is a Colorado native and a graduate of Metropolitan State College of Denver.

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