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Food industry adapting to non-GMO product trend

| | July 10, 2015
This article or excerpt is included in the GLP’s daily curated selection of ideologically diverse news, opinion and analysis of biotechnology innovation.

At the 2013 Institute of Food Technologists tradeshow, a supplier of non-GMO ingredients told me that the “non-GMO tsunami is coming.”

Based on the growth of the non-GMO market in the past two years, that tsunami is already here. Sales of Non-GMO Project verified products have topped $11 billion per year, and now number more than 29,500. According to a report by Food Processing, new products with non-GMO claims increased by 45 percent in 2014.

With this rapid growth, can the supply of non-GMO grains and ingredients meet the exploding demand? Industry experts say yes. Kellie James, CEO of Mercaris, a market data service for non-GMO and organic grains, said that some non-GMO corn and soybeans are being sold as conventional, or stored in the hopes that premiums or buyers will increase at a later date.

Related article:  Differences between non-GMO and organic: More profits for farmer, more costs for consumers

“More farmers have grown than there is demand for,” said James, whose company is trying to fill the need for accurate reporting of non-GMO supply.

Lynn Clarkson, president of Clarkson Grain, agrees. “Supply is up 25 percent, and demand is up 15-20 percent. I don’t think there is a danger of non-GMO supplies running out.”

Nate Yates, business director with Ingredion, sees a tighter supply situation. “It’s not an unlimited supply. But for what we have wanted, we have not had a challenge sourcing raw material,” he said.

Overall, non-GMO ingredients can cost around 20 percent more than their conventional counterparts, he said.

The GLP aggregated and excerpted this blog/article to reflect the diversity of news, opinion and analysis. Read full, original post: Can the Ingredient Supply Chain Keep up With The “Non-GMO Tsunami?”

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