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October 31, 2019

Japan’s Calbee extends US footprint with Warnock Food Products deal

Japansese snack maker Calbee has continued with its international expansion plans through the purchase of a US peer.

By Leonie Barrie

Japansese snack maker Calbee has continued with its international expansion plans through the purchase of US peer Warncock Food products.

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What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
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The financial details of the deal, done through the Japanese company’s US subsidiary, Calbee America, have not been disclosed.

The deal, which sees Calbee acquire 80% of Warnock’s shares, follows the Tokyo-based firm’s acquisition of UK crisp maker Seabrook a year ago.

Founded in 1986, Warnock Food Products, based in Madera, California, makes organic, gluten-free, non GMO, kosher, whole grain, and peanut-free snacks. In the year ended December 2018, it recorded sales of US$41.7m.

Calbee said: “Calbee has positioned the expansion of its overseas business as one of its growth strategies and the North American market is one of the key regions.”

It added: “Through the acquisition of Warnock we aim to expand Calbee’s product portfolio in the US snack market, the world’s largest market, leveraging its product development capability and distribution.”

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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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