Clean Label, Natural Foods Drawing More Attention from Consumers and Grocery Chains
VANCOUVER, BC, Aug. 3, 2022 /PRNewswire/ -- USA News Group – According to a new study out of the University of Edinburgh, children are more likely to prefer foods they believe to be natural compared to lab-grown options. These findings fall in line with a March 2022 poll, showing Americans have a "trust gap" over where their food comes from and are skewing towards more natural foods diets. One Gallup poll suggested the two most popular categories of selective food choices are "Locally Grown", and "Natural", showing a majority of consumers are willing to pay more for those two options in their cart. And the trend has not been ignored by major grocery chains, including Amazon.com's (NASDAQ: AMZN) subsidiary Whole Foods, as well as Target Corporation (NYSE: TGT) and Loblaws parent company George Weston Limited (TSX: WN) (OTCPK: WNGRF). Now the clean label ingredient market is forecasted to grow to US$51.14 billion globally by 2024, while potentially growing at a CAGR of +17.5% through to 2030, consumers are signalling they're willing to pay more for clean label products from food stocks such as newly-listed Pangea Natural Foods (CSE: PNGA) and Ingredion Incorporated (NYSE: INGR).
- These findings fall in line with a March 2022 poll , showing Americans have a "trust gap" over where their food comes from and are skewing towards more natural foods diets.
- Producing foods specifically targeting these types of increasingly health-conscious consumers, recently-IPO'd Pangea Natural Foods (CSE: PNGA) has steadily grown a portfolio of healthier foods with recognizable green packaging hitting grocery aisles.
- "Pangea Natural Foods has partnered with experienced food scientists to formulate its products, with a focus on delivering high quality food products to consumers," said CEO Pratap Sandhu.
- "We believe the key to the Company's growth will be providing consumers with very nutritious, satisfying foods with great taste and texture."