U-Farm Eco Technologies Corp. Describes Impact of COVID-19 on Organic Food Purchases

U-Farm Eco Technologies Corp. overviews organic food sales and anticipates an increase in demand in future years.
 
VANCOUVER, British Columbia - June 4, 2021 - PRLog -- More than half of Canadians (55 percent) trust products with the Canada Organic Certified logo, and each year this number is increasing. According to a recent Export Development Canada report, Canadians will buy about $7 billion worth of organic food in 2021. That's only 3.2% of domestic agricultural sales for the year, but the demand for these products is growing so fast—at a rate of more than 8% annually—that domestic production can't keep up. In response, Canadian farmers are steadily expanding their organic acreage as they find new opportunities in the growing demand for organic foods.

In light of the recent global pandemic, Organic Trade Association has noted that several factors could influence the organic food industry. First, a recession caused by the pandemic will likely reduce households' disposable income. As a result, many price-sensitive customers would stop or reduce organic purchases due to income constraints, lowering organic sales. However, a second offsetting factor is that, as people become increasingly health-conscious due to COVID-19, they may increase their purchases of premium organic products. If so, they may opt for more organic food and boost organic sales. Finally, in recent months, most kitchen staples such as eggs, dairy, grains, bread, flour, and even yeast have seen an increase in consumer demand. Consequently, these categories are expected to see further growth.

U-Farm Eco Technologies Corp. understands customers' choice of safer, healthier and tastier food along with their desire to avoid pesticides and have higher animal welfare standards and tries to align with health priorities and values by creating easy access to organic, locally-grown food to anyone, anywhere, and anytime.

About U-Farm Eco Technologies Corp.: U-Farm Eco Technologies Corp. offers sustainably produced, local and organic food delivered right to your doorstep. By supporting local farmers and producers, we bring back the human connection with the roots of agriculture. Each delivery comes with news updates from the farm, delicious recipes, storing tips, and much more (http://ufarm.company/).

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Tags:Local Organic Produce
Industry:Food
Location:Vancouver - British Columbia - Canada
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