According to Nielsen, U.S. sales of foods labeled as non-GMO grew from $12.9 billion in 2012 to $21.2 billion in the year ended April 30, 2016. The OTA says a record $43.3 billion in organic product sales was reached in 2015, up 11% from 2014. As demand for these products moves mainstream, the finite supply of organic and non-GMO materials is stretched. This presentation provided surprising insights into supply and demand factors and the unique attributes of the supply chain that impact raw material sourcing and sustainability. For companies developing non-GMO and/or organic products or who are impacted by this industry segment, understanding supply dynamics will be central to successful business development efforts.
Nathan Clark, MSc., Director of Business Development, Mercaris speaking on “Organic Protein Marketplace” at the 2017 Protein Trends & Technologies Seminar.