against the background of growth in the number infected with the coronavirus in the country, many Americans focused on their health and switched to a proper diet, including organic meat products and high quality snacks. The epidemic has forced citizens to shell out for the products in spite of the downturn in the economy, writes Bloomberg.
According to Nielsen, nearly four-month period ended June 27, sales of organic food and beverages increased by 25 percent. Growth in consumer demand noted companies such as Kroger and Albertsons. Sales of meat, seafood and frozen foods under the label organic products also grew compared to the previous year.
As noted by analyst Bloomberg, this trend will be strengthened further. American citizens took advantage of the quarantine and change the way of life, making the choice in favor of diet and exercise.
According to the Executive Director of the organic trade Association, the market for organic products has changed after the financial crisis of 2008-2009. The share of new private trade marks in the period increased by 49 percent, which meant not only a wide range, but also the opportunity to buy a cheaper product.
However, due to the high unemployment rate, a growing number of Americans are thinking about how to put food on the table. Therefore, there is unequal demand for different types of organic products, the newspaper reports.
In may world food prices reached a record low level in December 2018. Food prices falling for the fourth month in a row.