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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...

Fruit & veg grab bigger share of on-the-go snack category: Nielsen

The $16.3m ‘snackable’ fruit and vegetable sub-category may not be as big as the $27bn salty snack category, but it is making a big dent into the $1.1bn ‘on-the-go’ snacking...

M&A

B&G Foods acquires cookie and granola maker Back to Nature from Mondelēz

B&G Foods has entered into a definitive agreement to acquire Back to Nature Foods Company for $162.5m in cash.

‘Smoked’ and ‘burnt’ among flavors driving snacks: Mintel

The more unusual the flavor, the more likely a snack producer will capture another consumer. According to Marcia Mogelonsky, Mintel’s director of Insight, exotic flavors drive the purchasing of a...

Mondelēz launches Oreo Choc’O Brownie in UK

Mondelēz has introduced its Oreo Choc’O Brownie to the UK market and will be supporting the launch with a £2.5m ($3.2m) audiovisual advertising, experiential, sampling and PR campaign. ...

Coffee four maker loses trademark appeal

Empire Technology Development has lost its appeal to trademark ‘coffee flour' in the US.

Quarterly earnings

Kellogg's Q2 sales weakened by soft US consumption and declining EU Pringles sales

Kellogg’s Q2 2017 net sales have declined 2.5% year-over-year to $3.19bn, while its operating profit increased by 0.7% during the period, reported the company.

Halen Brands muscles up on e-commerce for emerging snack companies

Snack business investment firm Halen Brands is gaining expertise in e-commerce to support its brands for online distribution, CEO and co-founder, Jason Cohen, said. 

Grain-free trend just sprouting in bakery, but may overtake gluten-free

Many bakery industry professionals believe the grain-free trend will catch on - driven by a demand for more natural, less processed ingredients - and will eventually supersede gluten-free.

Hershey to ‘truly be a snacking company’ with new popcorn brand

Hershey has developed its first popcorn brand Popwell, which it is rolling out across the US in selected retailers. 

Sweets & Snacks Expo 2017

1-800-Flowers set to compete with Amazon with new snacking brand

1-800-Flowers says it is considering acquiring a new brand from the snack category, such as nuts, to boost its e-commerce business. 

IFT 2017

Asian ingredients and flavors set to grow in US snacks market: Asenzya

Asian flavors will grow in the snack market, but many US consumers are not ready for them yet, corporate executive chef at Asenzya, Dax Schaeffer, told BakeryandSnacks at IFT held...

ADM cements Western Europe footprint with Chamtor acquisition

Archer Daniels Midland (ADM) has finalized its purchase of Chamtor, a French producer of wheat-based sweeteners and starches.

Irish chip maker Tayto Group cements foray in British vending sector with West Country acquisition

Tayto Group’s (TGL) sister company, Montagu Group, has acquired Bath-based West Country Vending Service (WCVS) for an undisclosed amount.

M&A

Nuts.com acquires Kopper’s Chocolate in multimillion-dollar deal

Nuts.com has acquired gourmet chocolate brand Kopper’s Chocolate and has relocated the brand to its New Jersey headquarters.

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.

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