trends snapshot CONSUMERS WHO FOLLOW A SPECIFIC DIET PLAN: The NPD Group 20% - 2016 25% - 2020 47% of US consumers agree non-GMO foods are healthier than GMO foods. Mintel Reports Projected US Hemp-based CBD market to reach: OVERALL SPECIALTY FOOD SALES: 10% $2.25 to $2.75 BILLION IN 2020 2016 to 2018 MAKE UP 16% OF TOTAL FOOD MARKET Nielsen SNACKS TOTAL 27% OF ALL SPECIALTY FOOD SALES SPECIALTY FOOD SHOPPERS BY GENERATION: 84% 75% 69% 66% OF MILLENNIALS OF GENERATION X OF BABY BOOMERS OF GENERATION Z Mintel Reports SIX FACTORS LIMITING EXPECTED FOOD SECTOR GROWTH FOR 2020: Recession risks will be higher with economic growth expected to slow down globally. Continual change in US policy in addition to geopolitical uncertainty. The pace of change of traditional businesses will accelerate thanks to scaling up digital technologies. Unusually low interest rates will proliferate around the world. An enduring US-China trade deal will remain elusive, and other trade disputes are expected to arise and be impactful. Environmental, social and governance will emerge as a force through credit constraints in areas/sectors exposed to risk from climate change; demographic and social trends also are expected to be a factor. Moody's Investors Service 18 Baking & Snack March 2020 / www.bakingandsnack.comhttp://www.bakingandsnack.com