Blog: Functional foods set to drive growth
Petah Marian | 1 March 2011
With health and wellness becoming an increasingly important factor in the products consumers choose, manufacturers have been quick to jump on the fast-moving functional foods bandwagon.
While the area offers great opportunity, and is set to grow by 3% to 5% year-on-year over the next five years, while essential for consumers, increasing interest from goverments into the validity of these health claims may stymie degree level of growth.
PepsiCo has launched a "global nutrition group" which will aim to deliver innovation accross a number of better-for-you product areas. It is big business for the manufacturer, with the company aiming to boost its nutrition business from aroung US$10bn in 2010 to $30bn by 2010.
Yesterday just-food launched its management briefing on functional foods. The four-part report offers in-depth analysis of the fast-growing channel, outlining the opportunities and issues this sector faces.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
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- Interview: KP Snacks on growth strategy
- Tyson shops Sara Lee bakery, Kettle and Van's
- Nestle to cut UK confectionery jobs
- PepsiCo affirms full-year target as Q1 hits mark
- Tyson to buy burger-to-entree firm AdvancePierre
- TreeHouse Foods sells soup, baby food units