In this video, Brendan Byrnes asks Hain Celestial founder Irwin Simon how he fends off large competitors in the health-food market. Simon believes that with more detailed food labeling laws, the public's eyes were opened to what they were eating and became more health-conscious. Hain Celestial also was aggressive early on in acquiring health-food companies, thus allowing Hain Celestial to be established as a bona fide health-food company before it became fashionable and a target of larger companies.

Brendan Byrnes has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Hain Celestial and Whole Foods Market. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.