Big Tech sheds $162 billion in value, Apple drops sharply in Monday’s market carnage

In 2001, the global market value of certified organic products was estimated at US$20 billion. By 2002, this was US$23 billion and by 2015 more than US$43 billion.[102] By 2014, retail sales of organic products reached US$80 billion worldwide.[103] North America and Europe accounted for more than 90% of all organic product sales.[103] In 2018 Australia accounted for 54% of the world's certified organic land with the country recording more than 35,000,000 verified organic hectares (86,000,000 acres).[104]

In the 2012 Census, direct-to-consumer sales equalled $1.3 billion, up from $812 million in 2002, an increase of 60 percent. The number of farms that utilize direct-to-consumer sales was 144,530 in 2012 in comparison to 116,733 in 2002.[127] Direct-to-consumer sales include farmers' markets, community supported agriculture (CSA), on-farm stores, and roadside farm stands. Some organic farms also sell products direct to retailer, direct to restaurant and direct to institution.[128] According to the 2008 Organic Production Survey, approximately 7% of organic farm sales were direct-to-consumers, 10% went direct to retailers, and approximately 83% went into wholesale markets. In comparison, only 0.4% of the value of convention agricultural commodities were direct-to-consumers.[129]

Big Tech sheds $162 billion in value in Monday’s market route, led by plunge in Apple

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