Updated Sep 17, 2009
HIA Member Companies Rank Well in Food & Beverage Category
WASHINGTON, Aug. 17 /PRNewswire/ – The Hemp Industries Association (HIA), a trade association made up of hundreds of hemp businesses, is pleased that Living Harvest Foods and Nutiva (both companies are full business members of the HIA) have been named to Inc. Magazine’s 500/5000 List. Living Harvest Foods of Portland, OR was ranked No. 961 on the over all list with 318.2% growth and 2008 revenue of $4.4 million and was ranked No. 20 in the Food & Beverage category. Santa Paula, CA based Nutiva was ranked No. 2,174 on the over all list with 145.2% growth and 2008 revenue of $6.5 million and was ranked No. 52 in the Food & Beverage category.
Founded in 2002, Living Harvest became industry pioneers with the launch of the world’s first protein powder and stayed ahead of the curve with the subsequent launches of the first whole food blends in 2005 and the world’s first Hempmilk in 2007. In 2009, Living Harvest added Tempt, the first line of non-dairy frozen desserts made with Hempmilk in the United States, to their growing repertoire of hemp foods.
“Pioneering a variety of hemp foods over the years and launching innovative new products such as our Tempt Hempmilk and frozen dessert line is the key to our exceptional growth,” said Hans Fastre, CEO of Living Harvest Foods. “Our placement on the list of fastest growing companies in the U.S., as well our placement as the number 20 food and beverage company, is a testimony to the future of hemp foods.”
Founded in 1999 by John W. Roulac, Nutiva is America’s number one brand of nutritious organic hemp foods and extra-virgin coconut oil. Nutiva is dedicated to a healthy and sustainable world, demonstrating its mission to nourish people and planet by using nourishing organic ingredients, enriching the soil, and supporting worthy causes.
“Nutiva’s vision is to replace our country’s overreliance on corn, soy, and dairy products with healthier hemp and coconut superfoods,” explains Roulac. “Nutiva is celebrating its 10-year anniversary this month and we are proud to be named one of the fastest growing companies in America by Inc. Magazine.”
Earlier this year the HIA released final estimates of the size of the U.S. retail market for hemp food and body care products in 2008. Data supporting the estimates show that retail sales of hemp food and body care products in the U.S. have continued to set records in 2008. Strong sales of popular hemp items like non-dairy milk, shelled hemp seed, soaps and lotions have occurred against the backdrop of state-licensed hemp farmers in North Dakota fighting a high stakes legal battle against the DEA to grow hemp for U.S. manufacturers.
“The HIA is confident that the total North American hemp food and body care market over the last year accounted for $100-120 million in retail sales,” comments Eric Steenstra, HIA Executive Director. “We expect double-digit growth of the hemp food sector to continue in 2009, as consumer interest about green healthy products grows,” says Steenstra.