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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.

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.

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