Shifting policies in Washington D.C. can affect many links in the supply chain for the US food industry, which is one of the largest manufacturing sectors in the US. Food companies need specialized information on a variety of food regulations that can impact compliance, whether it is to track food additive approvals, follow inspection trends, keep up with food label changes, or monitor emerging issues such as cannabis and cell-based meats.
Key facts about US food policy
- The growth of plant-based and cultivated meat is increasing pressure on US regulators to change food policies. Sales of plant-based foods grew 20% in 2018, compared to 2% in overall food sales.
- Based on increased consumer focus on sustainability, animal welfare and growing worldwide demand for protein, new start-up companies are working to bring cell-cultured meat to market, a move poised to shake up the traditional meat industry. The global cell-based market is predicted to be worth $15.5 million by 2021 and $20 million by 2027.
- US consumers bought more than $200 million cannabidiol (CBD) supplements, ointments and infused foods and beverages last year, and the market is predicted to top more than $1.5 billion by 2025.
- The US imports about 15% of its overall food supply (13.8 million food shipments in 2018), including 55% of fresh fruit, 32% of vegetables, and 94% of seafood.
- Blockchain is playing a role in the food industry’s embrace of transparent traceability.