BEND,
Ore., June 29, 2023 /PRNewswire/ -- BranchOut
Food Inc., (Nasdaq: BOF) an international food-tech company
renowned for its natural snacks and superfood ingredients,
announces its primary emphasis on the private label channel as a
key business strategy. While the Company will continue to support
and grow its robust brand portfolio, it believes that private label
offers the most advantageous path for growth and profitability.
With rising grocery prices, the demand for affordable
alternatives has driven the popularity of private label products.
BranchOut Food Inc. strategically aligns itself with the private
label market to capitalize on this trend. Having already secured
significant private label business from major retailers, the
company aims to meet the growing consumer demand for high-quality,
affordable options. The private label industry is valued at over
$200 billion, with an annual growth
rate exceeding 11%. BranchOut Food Inc. is well-positioned to
supply this thriving market, leveraging its unique technology
platform and strategic South American supply chain.
"We are bullish on the private label channel and have already
shown significant success here," said Eric
Healy, CEO of BranchOut Food Inc. "Building a brand can be
costly, so by prioritizing private label, we can enhance our bottom
line by eliminating most marketing and shelf slotting costs. With
our innovative technology platform and access to South American
fresh produce, we are well-positioned to seize significant
opportunities within the thriving private label market."
For further information on BranchOut Food Inc. and its private
label strategy, please visit www.branchoutfood.com or contact
media relations at info@branchoutfood.com.
About BranchOut Food Inc.
BranchOut is an international food-tech company delivering truly
great natural snacks and real superfood ingredients enabled by
their licensed dehydration technology. The Company is a leading
provider of high-quality dehydrated fruit and vegetable-based
products and its commitment to quality and innovation sets it apart
as a trusted brand and private label supplier.
Contact:
BranchOut Food Inc.
Phone: 1-801-532-7840
Email: info@branchoutfood.com
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SOURCE BranchOut Food Inc.