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Trends > Diversification

Diversification

Diversification

Companies are increasingly moving into new market areas in a bid to drive and grow business. It's a risk, particularly if knowledge in the new sector isn't as strong as competition, but it seems to be one worth taking...

Nuts, seeds and trail mixes set to outperform savory biscuits in the US

Euromonitor projects value sales in the nuts, seeds and trail mixes category will outperform savory biscuits in the US for the first time in 2017. 

Hostess Brands plans to penetrate new categories under direction of new CCO

Hostess Brands has identified new retail opportunities for its snack bakery products, said its recently appointed chief commercial officer, Andrew Jacobs.

Bugs are big business for tomorrow’s snacks, says PepsiCo; calls for ideas

The Doritos and Cheetos maker is capitalizing on the growing insect and plant-based protein trend, and has called for novel protein ideas to use in its snacks.

News in brief

Snack major pladis teams up with Chinese e-commerce giant JD.com

pladis, the international snacks arm of Turkey-based food group Yildiz Holding, has struck a sales and product development deal with China’s second largest B2C online retailer, JD.com.

ADM to open flour mill in response to bakers’ demand for flour

Archer Daniels Midland Company (ADM) is constructing a flour mill in Mendota, Illinois, US, to meet growing demand for flour throughout the Midwest.

ParmCrisps new packaging highlights 100% cheese protein content

Cookie Thins maker, That's How We Roll (THWR), designed new packaging inhouse for its ParmCrisps range, highlight the 100% cheese protein content.

Sweets & Snacks Expo 2017

Innova Market Insights identifies hybrid and "moment-centric" snack trends

Snacking is becoming more important to consumers who are seeking out new globally-influenced flavors, occasions to snack, and the convergence of culinary trends in the category. 

Sweets & Snacks Expo 2017

Amplify Snacks launches new SkinnyPop flavors in chemical-free pop-up boxes

Amplify Snacks unveiled two new flavors for its microwave SkinnyPop popcorn - sea salt and butter - at the recent Sweets & Snacks Expo held in Chicago.

Ferrero opens world's first Nutella Café in Chicago

Ferrero has invested several millions of dollars in the world's first Nutella Café in the US.

Sweets & Snacks Expo 2017

Dang Foods aims for 40% growth through the mass channel

Dang Foods is focussing on the mass channel for 2017 growth, said CEO Vincent Kitirattragarn.

Trump and pope put potica’s political popularity centrestage

An exchange between Melania Trump and Pope Francis is not the first time the Eastern European cake has made it to the political podium.

Sweets & Snacks Expo 2017

Mars, Ferrero and Jelly Belly among Sweets & Snacks Expo 2017 Most Innovative Award winners

The National Confectionery Association (NCA) has announced the Most Innovative Award winners from nine major candy and snack categories, including chocolate, seasonal, gum and mints, at the Sweets & Snacks...

Snackworthy brand envisioned to eventually account for 25% of Lehi Valley’s business

Snackworthy currently only accounts for less than 10% of Lehi Valley’s overall business, but this is about to change, Howard Kaufman, Lehi Valley's chief sales officer told BakeryandSnacks.

Bakery China 2017

China to familiarize Western market with ‘pinyin’ baked treats

China’s diverse bakery industry – encompassing bakers of traditional ‘pinyin’ (literally translated as ‘Chinese style cakes and snacks’) and producers of modern items like croissants and waffles – is growing...

7-Eleven taps specialty bakery growth with Twix-topped donuts

Convenience store chain 7-Eleven has unveiled its first donuts topped with Twix Caramel Cookie bar pieces.

Quarterly earnings

Snyder’s-Lance ‘very disappointing’ in Q1, says interim CEO

Snyder’s-Lance has fallen short of expectations in the first quarter, says its interim CEO.

Interpack 2017

APRIL Robot Chef signs autographs at Interpack

OAL’s APRIL (Automated Processing Robotic Ingredient Loading) Robotic Weighing Station created a buzz at Interpack this week (May 4-10) signing autographs for guests.

Interpack 2017

GEA sees ‘increasing interest in hygienic design and quick changeovers to meet “free-from” production needs’

GEA is seeing an increased interest in hygienic design and quick changeover technology to meet the “free-from” production needs and trends for a ‘one-stop shop’ concept.

Interpack 2017

Bosch Packaging and BillerudKorsnäs VFFS success leads to expansion

Bosch Packaging Technology and BillerudKorsnäs have extended their ZAP-Module portfolio following the successful launch of its Sealed Paper Packaging on a vertical form, fill and seal machine (VFFS).

IFE 2017

Manning Impex ups Asian offering for UK market with seaweed snacks

UK-based importer and distributor Manning Impex has added Tao Kae Noi seaweed snacks to its Asian snack portfolio.

Pecan Deluxe Candy adds cheesecake bits to its inclusions portfolio

Inclusions supplier Pecan Deluxe Candy has developed cheesecake pieces that can be added in bakery applications, such as brownies, muffins and cookies.

Snaxpo 2017

Ingredient Alliance demystifies hemp seeds with plant-based protein snacks

Plant-based food startup Ingredient Alliance has introduced new savory snacks under its Natura brand to the US market.

Perfetti Van Melle’s JV with Greencore to launch Chupa Chups cake

Italian-Dutch confectionery manufacturer Perfetti Van Melle has partnered with Irish convenience food giant Greencore to produce a cake under lollipop brand Chupa Chups.

The Cornish Bakery puts a meaty twist on Easter

The Cornish Bakery has created the world’s first Cornish Pasty Easter Egg.

Mondelēz invests $93m in UK Cadbury production, launching Roundie biscuit

Oreo maker Mondelēz has unveiled four chocolate production lines at its Cadbury factory in Bournville, UK.

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