Pangea Natural Foods Inc (PNGAF)

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“9:01a ET 9/22/2022 - PR Newswire
Global Nutritional Food Market Expected To Reach $11 Billion By 2029 as Demand for Healthy Options Grows

FinancialNewsMedia.com News Commentary

The Global nutritional food market has emerged from the pandemic as a market that is projected to continue rapid growth in the coming years. Human bodies need vitamins and minerals, known as micronutrients. These micronutrients nourish body and helps in keeping it healthy. The rise in health awareness is escalating the growth of the nutritional food market. These nutrients can reduce your risk for chronic diseases. According to DATA BRIDGE Market Research, the global nutritional food market, which was valued at USD 5.40 billion in 2021, is expected to reach USD 11.08 billion by 2029, registering a CAGR of 9.40% during the forecast period of 2022-2029. The market report said: "Nutrition refers to the physiological and biochemical process through which an organism uses food to support its life. Absorption, biosynthesis, excretion, ingestion, assimilation and catabolism are included in it. Nutrient-rich foods are known to have low sodium, sugar, bad fats and starches, also they possess large amount of vitamin and minerals." The increase in the cases of malnutrition and poor diets across the globe acts as one of the major factors driving the growth of nutritional food market. The implementation of nutrition labeling and claims regulations owing to the benefits to the food industry from nutritional labeling and claims accelerate the market growth. The increase in demand for nutritional and dietary supplements due to the rising health consciousness further influence the market." Active companies in the markets this week include: Pangea Natural Foods Inc. (OTCQB: PNGAF) (CSE: PNGA)

The report continued: "Furthermore, stringent regulations for edible beverages extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, rise in demand for nutrition analysis will further expand the market. North America dominates the nutritional food market because of the increase in the cases of foodborne disease outbreaks within the region. Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising prevalence of obesity in the region."

Pangea Natural Foods Inc. (OTCQB: PNGAF) (CSE: PNGA) BREAKING NEWS: PANGEA ANNOUNCES PRODUCT LISTING INTO URBAN FARE, WESTERN CANADA'S GOURMET SUPERMARKET CHAIN - Pangea Natural Foods Inc. ("Pangea" or the "Company"), a natural food company, is pleased to announce the listing of its Old Fashioned Ghee in all Urban Fare stores located across multiple upscale districts in British Columbia and Alberta.

Urban Fare is a subsidiary of the Pattison Food Group, which is Canada's largest Western-based provider of food and health products. Headquartered in British Columbia, Canada, Pattison Food Group's legacy spans a business going back 107 years, and now employs more than 30,000 team members. Currently with 6 locations across Vancouver, Calgary, and Kelowna, Urban Fare is primarily upmarket, with a focus on high-end, gourmet, organic and imported foods.

Effective immediately, Pangea's Old Fashioned Ghee is now listed in all six Urban Fare locations in British Columbia and Alberta. The Company's Old Fashioned Ghee is a grass-fed, organic, clarified butter sourced from New Zealand.

Pangea's CEO, Pratap Sandhu, commented on the Company's new distribution with Urban Fare, "This is officially our second listing with the Pattison Food Group, as we already sell our products in Save-On-Foods locations. Now having been added to the shelves in all Urban Fare locations, we see this is another vote of confidence testifying the elite quality of our Old Fashioned Ghee product. We look forward to introducing our products to Urban Fare's customers, who are known for their discerning tastes and their focus on delicious, nutritious and sustainable eating."

Ghee is a clarified and unsalted form of butter that is caramelized and transformed into pure fat at a high smoking point, with the milk solids removed, meaning even the lactose-intolerant to enjoy the remaining pure ghee. CONTINUED... Read this full release and more news for Pangea Natural Foods at: https://www.pangeafood.com
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