In the natural food flavors and colors market, staying current and diversifying is the name of the game. Only the strongest, most palatable natural flavors and the brightest, most appealing colors survive, and jumping on the right bandwagon can be just as important as forging bold, new paths.
The average raw materials supplier has a lot of responsibility on its shoulders. Before they can say “mission accomplished,” they must be sure they are investing in the right ingredients, sourcing those ingredients from the right people, testing them for quality and purity with the most stringent and up-to-date methods available, and doing it all while remaining in strict compliance with current manufacturing standards and industry regulations. Then, they have to keep their prices low enough for finished product manufacturers to be interested.
According to Pike Research, sustainable packaging will comprise nearly a third of the packaging market by 2014, which equates to about a $170-billion industry (1). This growth is significant, considering that sustainable packaging had just a 21% market share in 2009.
After a tough economic year in 2009, consumers are searching for ways to add small indulgences to their diets in the New Year. Many have resolved to cook in their own homes, rather than dining out, creating a demand for unique and exciting foods, flavors and ingredients that can be purchased at local natural products stores.
As world leaders in innovation, science, technology and certainly in the application of these advancements to nutrition and health, we could certainly do much better when it comes to selling our great products in export markets.
It’s 3:00 on a Friday afternoon and most of the key management is off-site at a meeting. A uniformed (and unexpected) team of people enters the lobby and introduces themselves to the receptionist as U.S. Food and Drug Administration (FDA) officials, here to conduct an inspection.