Abstract: A method for parsing information from a plurality of product labels using information technology. The method includes obtaining constituent information with an ingredient data platform from text and graphics found on a portion of a label from a plurality of the product labels and assigning base attributes automatically with the ingredient data platform to each piece of the constituent information on at least one of the product labels. The method includes associating the base attributes assigned by the ingredient data platform with different base attributes in at least one pre-constructed taxonomy data structure handled by the ingredient data platform to establish relationships between the base attributes that were previously assigned with the ingredient data platform and the base attributes from the pre-constructed taxonomy data structure.