Perhaps the biggest story of the year, with the widest impact on the sector, was the horsemeat contamination saga. However, it was ironic the scandal should occur when food companies are placing increased scrutiny on the sustainability of their supply chains. And this year has seen some notable developments as food companies have sought collectively or individually to address sustainability issues in their supply chains.
This year's Natural Products Expo East/Organic Products Expo-BioFach America was held in September, with more than 20,000 people gathering to taste the latest natural and organic products and explore the latest trends in the industry. From vegetable snack bars to buffalo meat loaf, there was a veritable feast of products on show, as Bruce Hoggard discovered.
Functional foods, health foods, organic foods…. Raw ingredients, herbal supplements, personal care products…. You couldn’t accuse last month’s Natural Products Expo Asia of being too narrow in focus. But was it worth the journey? Bruce Hoggard was there – and as usual he doesn’t hold back if he doesn’t like what he tastes….
The take home ice cream category seems to be dividing into two quite different segments. While some products are keen to emphasise their premium and indulgent nature, others are positioned as ‘healthy’ or ‘diet’. Indeed, despite the traditionally indulgent nature of ice cream, it is low-carb products that have boosted new product introductions in the sector recently, as Mintel reports.
Vietnam is an up-and-coming emerging market that is gaining increasing attention as international companies seek out fresh avenues of growth. Nestle first established an office in the country in 1912. In the 1990s the company took its presence in Vietnam to the next level with the establishment of a local subsidiary. Today, the firm is focused on accelerating growth in the market. Katy Askew spoke to Rashid Aleem Qureshi, MD of Nestle Vietnam, to find out more about the group's plans in the country.
Campbell Soup Co. became the third major multinational to invest in the buoyant organic baby food sector in a month with a deal to buy US firm Plum Organics. Danone is another of the three food giants to do business in organic baby food - and this week it continued its investment in faster-growing categories and markets with a fresh attempt to crack China's booming yoghurt sector.
Plum Organics this week joined Happy Family and Ella's Kitchen as three organic baby food brands set to have new, multinational owners. Campbell Soup Co. is to buy Plum, joining Danone and Hain Celestial as three food majors that have looked to invest in the growing category in just a month.
Nestle has announced plans to source 100%-certified cocoa beans for its Nestle Crunch brand in the US.
Nestle has claimed it is the first major confectioner in the UK to remove all artificial additives from its products.
Nestle has partnered its chocolate bar brand Crunch with KaBoom!, a US non-profit children’s organisation, to launch a campaign designed to “inspire children” through active play.
US ice-cream maker Dreyer’s, a division of Nestle, is shifting production from its facility in Houston to four of its other plants, a move that will lead to the loss of 168 jobs.
Executives from Groupe Danone’s LU biscuit unit will hold meetings with employee representatives tomorrow (3 July) as speculation about the future of the business grows.
US food group General Mills has joined forces with weight management and fitness franchise company Curves to launch a health food brand under the Curves name.
Convenience foods producer and marketer Pinnacle Foods. has announced the determination of the pricing for its previously announced tender offer to purchase any and all of its outstanding 8.25% Senior Subordinated Notes due 2013.
Ice cream group Baskin-Robbins has entered into a partnership with confectionery producer Hershey to produce ice creams bearing well known Hershey brand names.
Pinnacle Foods Group has announced today (9 March) that it had commenced a cash tender offer to purchase any and all of its outstanding 8.25% Senior Subordinated Notes due 2013.
The R.A.B. Food Group, a NJ-based Kosher food manufacturer, has launched a variety of new products designed to make the preparation of traditional meals for Passover easier and more convenient.
Private equity firm The Blackstone Group has confirmed reports that it has entered into an agreement to acquire Pinnacle Foods, a leading manufacturer of branded food products in the US and Canada.
Kraft Foods posted a 19% decline in fourth quarter profits yesterday (31 January). The financial update was released shortly before the announcement that Kraft is to be spun-off from its parent company, tobacco giant Altria, and highlights some of the challenges ahead for the world’s second-largest food group.
Following the appointment of a new management team, the San Francisco desserts and cakes producer Just Desserts has said it is planning to launch some 25 new all-natural desserts in 2007.
PepsiCo-owned food company Quaker Oats has launched Life Chocolate Oat Crunch, a chocolate cereal aimed at adults.
General Mills will discontinue two of its reduced sugar cereal varieties due to slow sales, replacing them with new Disney branded products.
Two breakfast cereal makers are launching new varieties in the wake of newfound interest in the positive health benefits of chocolate. Life and Special K cereals by Quaker Oats and Kellogg respectively are promising indulgent yet nutritional breakfast fare in their new launches early next year.
UK retailer Marks & Spencer has announced that it has voluntarily withdrawn batches of its own brand Strawberry & Almond Crunch breakfast cereal, because a a packing error had resulted in incorrect labelling information.
The Productscan food review has noted some unusual new entrants into food markets across the world this month, including square watermelons and sausages filled with goji berries.
Ben & Jerry’s will expand its fairtrade certified range of ice creams, becoming the largest ice cream and frozen food manufacturer to offer fairtrade ingredients.
A new report out today (19 July) has found that despite their healthy image many breakfast cereals contain high levels of fat, salt and sugar – with some containing as much fat and sugar as a bar of chocolate or packet of potato crisps.
Kellogg has launched a new range of chocolate granola bars that mix sweet and salty flavours.
US food and beverage giant PepsiCo has posted a 12% rise in net revenues for the second quarter and a 15% increase in earnings per share from US$0.70 per share to US$0.80.
California-based natural foods specialist Kashi Company has announced the addition of Golean Crunch Honey Almond Flax cereal to its Golean range.
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