![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, September 24, 2013 12:18:39 PM
Link
Packaged Facts: Non-GMO Products Could Reach $264 Billion in U.S. Sales by 2017
Ray Latif|September 18, 2013 3:18 pm
In the midst of growing consumer concerns about ingredients made from non-genetically modified organisms (GMO), a new report projects U.S. retail sales of non-GMO food and beverages to grow at a compound annual growth rate of 12.9 percent over the next five years, according to an article on FoodNavigator-USA.com. The report, published by market research firm Packaged Facts, expects demand for organic and natural foods to drive much of the growth and predicts that by 2017, non-GMO products could account for 30 percent of the total food and beverage market with a total value of $264 billion.
While Packaged Facts states that a high percentage of consumers support GMO labeling, under one-third currently purchase non-GMO products on a regular basis. To identify those consumers that are driving demand and growth of non-GMO foods and beverages, Packaged Facts conducted a June 2013 survey of 2,000 U.S. adults which found that urban consumers are more likely that their suburban and rural counterparts to buy non-GMO products. In particular, urban dwelling mothers in their mid-30s young children are most concerned about foods and beverages made with GMO ingredients. Additionally, the survey found that Hispanic and African-American consumers as well as those under the age of 45 are more concerned about GMO ingredients than other ethnic and age groups.
The report follows recent efforts by federal legislators to require mandatory labeling of GMO foods and ingredients. In April, Sen. Barbara Boxer (D-Calif.) and Rep. Peter DeFazio (D-Ore.) introduced a bill that would amend the Federal Food, Drug, and Cosmetic Act to “require that genetically engineered food and foods that contains genetically engineered ingredients be labeled accordingly.”
(Clink link to read full)
Recent REED News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 01:15:14 AM
- Reed’s Unveils New Virgil’s 12oz Can Format in Sprouts Farmers Market • GlobeNewswire Inc. • 05/29/2024 12:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 08:00:35 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 07:46:19 PM
- Reed’s Reports First Quarter 2024 Results • GlobeNewswire Inc. • 05/14/2024 08:05:00 PM
- Reed’s Schedules First Quarter 2024 Conference Call for May 14 at 5:00 p.m. ET • GlobeNewswire Inc. • 04/30/2024 12:30:00 PM
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 04/04/2024 10:10:46 AM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 04/03/2024 01:28:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/02/2024 09:19:32 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 04/02/2024 08:31:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 04/02/2024 08:29:16 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 04/01/2024 09:19:13 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/28/2024 08:58:10 PM
- Reed’s Reports Fourth Quarter and Full Year 2023 Results and Issues 2024 Financial Outlook • GlobeNewswire Inc. • 03/28/2024 08:15:54 PM
- Reed’s Schedules Fourth Quarter and Full Year 2023 Conference Call for March 28 at 5:00 p.m. ET • GlobeNewswire Inc. • 03/19/2024 12:30:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 09:51:56 PM
- Reed’s Announces Limited Waiver and Amendment with its Secured Note Holder, Closing of a $3.8 Million SAFE and Planned Rights Offering to Stockholders • GlobeNewswire Inc. • 02/13/2024 01:00:00 PM
- Reed’s Reports Third Quarter 2023 Results • GlobeNewswire Inc. • 11/09/2023 09:05:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 11/02/2023 08:30:09 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 11/02/2023 12:45:12 PM
- Reed’s Schedules Third Quarter 2023 Conference Call for November 10 at 8:30 a.m. ET • GlobeNewswire Inc. • 10/30/2023 12:30:00 PM
- Reed’s Appoints Joann Tinnelly as Chief Financial Officer • GlobeNewswire Inc. • 10/26/2023 08:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/23/2023 08:15:24 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/28/2023 05:36:40 PM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
ECGI Holdings Targets $9.7 Billion Equestrian Apparel Market with Allon Brand Launch • ECGI • Jun 25, 2024 8:36 AM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM
Bemax Inc. Positions to Capitalize on Industry Growth with New Improved Quality of Mother's Touch® Disposable Diapers • BMXC • Jun 24, 2024 8:00 AM