An Agricultural Economist with Farm Credit Canada suggests changing food trends and demand for new and different food products is creating new economic opportunities for Canadian food producers, food processors and food retailers.
Agricultural Economists with Farm Credit Canada are encouraging Canadian food producers, processors and retailers to keep in mind trends in agriculture that could create opportunities for their businesses.
Craig Klemmer, a Principle Agricultural Economist with Farm Credit Canada, says consumers are looking to have an experience with their food creating opportunities for people to tell their story about food production and opportunities for new products coming on line.
Craig Klemmer-Farm Credit Canada:
We continue to get different information about food trends and food trends have always been evolving to different things.
We also have increased diversity among the Canadian population and that's just bringing different exposure to different products and foods into the Canadian economy.
Millennials are looking to spend a little bit more money on their food purchases, whether it's ready made products or eating out at restaurants and creating different opportunities.
When we look at how that translates it means a changing food dynamic, so a combination of information, a combination of different attention to food, changes to demand.
Whether it's buying local, whether it's plant based proteins, whether it's different kinds of fats, changing meat patterns in terms of cuts of meat that we like.
Source : Farmscape