Inflation surged 8.2% year-over-year in September, and the 'food at home' index climbed 13%. Moreover, according to the U.S. Department of Agriculture, food prices are expected to increase between 9% and 10% in 2022 and 2.5% to 3.5% in 2023.
On the other hand, the demand remains steady due to its non-cyclical nature. In addition, the demand for organic food is soaring amid rising health awareness. According to Statista, organic food sales in the United States amounted to $57.50 billion in 2021.
