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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Ipsos    IPS   FR0000073298

IPSOS (IPS)
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New Poll: Consumers, by Nearly 3-to-1 Margin, Want FDA to End Mislabeling of Fake Milks

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01/12/2019 | 08:16am EST

ARLINGTON, Virginia, Jan. 10 -- The National Milk Producers Federation issued the following news release:

New national survey data released today finds that consumers - by a nearly 3-to-1 margin - want the U.S. Food and Drug Administration (FDA) to enforce existing regulations and prohibit non-dairy beverage companies from using the term "milk" on their product labels. FDA is soliciting public comment regarding front-of-package dairy labeling regulations through Jan. 28.

The national survey conducted by IPSOS, a global market research and consulting firm, found that 61 percent of consumers believe FDA - which currently defines "milk" as the product of an animal, but doesn't enforce that labeling rule - should restrict non-dairy beverage companies from using the term "milk" on their product labels. Only 23 percent said FDA should not limit the term "milk" to dairy products, while 16 percent were uncertain.

"Consumers have spoken, and they are clear in their desire for FDA to enforce its own rules," said National Milk Producers Federation (NMPF) President and CEO Jim Mulhern. "FDA must listen to their voice and end deceptive labeling by plant-based beverage manufacturers."

Plant-based beverage brands regularly exploit lax regulatory enforcement to label their products as "milk," and polling data shows that consumers are widely misinformed by mislabeling. A survey by IPSOS from last August showed that 73 percent of consumers erroneously believe that almond-based drinks had as much or more protein per serving than milk. In a separate poll from the International Food Information Council Foundation released in October, one-quarter of consumers either thought almond drinks contained cow's milk or weren't sure.

The newly announced online IPSOS poll - commissioned by NMPF - was conducted Jan. 4-7, 2019, and surveyed 1,005 adults nationwide.

The question was: "The U.S. Food and Drug Administration currently defines 'milk' as the product of an animal, but doesn't enforce that labeling rule. Do you believe that the FDA should restrict non-dairy beverage companies from using the term 'milk' on their product labels?"

© 2019 Targeted News Service, source News Service

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Financials (€)
Sales 2018 1 748 M
EBIT 2018 171 M
Net income 2018 110 M
Debt 2018 518 M
Yield 2018 3,91%
P/E ratio 2018 8,62
P/E ratio 2019 7,50
EV / Sales 2018 0,84x
EV / Sales 2019 0,72x
Capitalization 957 M
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Average target price 32,1 €
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Didier Michel Truchot Chairman, President & Chief Executive Officer
Judith Passingham CEO-Interactive Services & Operations
Laurence Stoclet Chief Financial Officer, Director & Deputy CEO
Neville Rademeyer Global Chief Information Officer
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