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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...

Snyder's-Lance net sales up 4% in 2015 despite below-par revenue in Q4

Snyder’s-Lance has reported an estimated 4% year on year increase in net sales for 2015 – despite a “tougher retailing environment” and a last-quarter performance below expectations.

PepsiCo on healthy vending and 2016 launch of organic Gatorade

PepsiCo is looking to drive a healthier portfolio via new health-friendly vending machines and a 2016 launch of organic Gatorade.

‘These are conscious meal replacements’: Snacking becoming the norm

There’s a “macrodynamic shift” happening in how we eat as a culture, according to a report from The International Dairy-Deli-Bakery Association, and snacking has become a part of daily life....

Urbanization adds to cereals huge growth in India

India’s breakfast cereal market has grown over 22% per year since 2009 as America’s cereal industry awaits a full recovery.

Angelic Bakehouse brings healthy bread to Costco

Wisconsin-based Angelic Bakehouse will make its popular Sprouted Seven-Grain bread available in Costco locations across the US Midwest after years of availability in small shops.

Exo launches new line of savory cricket bars

Exo will launch three new savory cricket bars this year, the company has announced.

DuPont launches PowerMill enzyme for efficient baking

DuPont has launched a new enzyme, which the company said will help millers improve extraction rates, as well as save time and money.

The 'premium piece': Snyder’s-Lance plugs portfolio gap with $1.9bn Diamond Foods acquisition, analyst says

Snyder's-Lance agreed to acquire Diamond Foods, Inc. last week and one Mintel analyst believes the acquisition helps Snyder’s up its game in premium.

Puratos CEO: The future of bakery in sourdough and innovation investment

The CEO of Puratos says an age-old ingredient of bread is key to future industry success.

DISPATCHES FROM PURATOS TASTE TOMORROW EVENT

Old products with a new twist: How to get consumers to experiment with new baked products

Consumers want to experiment with what they eat, one bakery executive said, but they want to do it within the confines of familiarity. 

DISPATCHES FROM PURATOS' TASTE TOMORROW EVENT IN CHICAGO

Customization essential to innovation in bakery

Customization is the key to giving consumers what they want to see from the bakery industry, according to one industry consultant.

Q&A with Cargill

Cargill says Omega-3s poised for growth in snacking

Omega-3 supplementation will make waves in the bakery and snacking industry, says Cargill's specialty seeds and oils chief.

DISPATCHES FROM 2015 AACC INTERNATIONAL

PepsiCo science chief: Food industry must innovate in grains to feed growing population

The baking and snacks industry must explore innovations in grains to meet the challenges of a growing population, according to PepsiCo's global R&D head.

The cricket bar: A healthy alternative to steak?

Christine Spliid was looking for a new healthy food business. On a trip to Asia, she found an off-kilter ingredient that worked perfectly: Crickets.

Strong seaweed growth in snacking, nutrition expert says

Seaweed has seen a big growth in sales in the past year and one nutrition expert believes the snack industry will help this ingredient rise even further.

US snack bars Kind Snacks to launch in the UK this month

After seeing a quick rise in the US snacks market, Kind Snacks will launch its bars in the UK this month.

Gluten-free bread firm Schär revamps with ancient grains

Global gluten free bread market leader Schär has reformulated its line of breads to include ancient grains and has relaunched across the US.

Kellogg seizes on Egypt's breakfast cereal surge with Mass Food buy

The Kellogg Company has acquired Egypt’s leading cereal company Mass Food Group for $50m as the country's breakfast cereal category registers rapid growth.

Social justice or social media? How will Doritos Rainbow campaign affect the company?

Doritos Rainbow chip campaign in support of gay teens has drawn both praise and ire from consumers, but one Mintel analyst believes it was a great way to target a...

DISPATCHES FROM THE 2015 PROCESS EXPO

Mentorship a must when hiring Millennials in baking industry

Companies must provide “a lot of coaching” and mentorship when hiring Millennials in the baking industry to nurture young talent, according to Dave Krishock, Bakers National Education Foundation professor at Kansas State...

Big in Japan: Pretz to launch in US market

Pocky Sticks maker Ezaki Glico will release another Japanese snack, Pretz, on the US market.

Fixing what’s wrong in cereal: General Mills and Kellogg discuss their plans

The cereal market has been trending downward in recent years. At this year’s Barclays Global Consumer Staples Conference, two of the country’s biggest cereal companies, The Kellogg Company and General...

UK popcorn sales booming, Key Note snack report finds

UK consumers are increasingly choosing popcorn over potato chips for the improved nutritional value, according to a report from Key Note.

Cereal’s ‘Great Depression’ erodes the center aisles, Euromonitor analyst says

Changing the consumer mindset is essential to bringing shoppers back into the center aisles, according to a Euromonitor analyst.

Bread dips on health concerns but pastries and cakes offer silver lining, Euromonitor analyst says

Bread has seen a drop in popularity across developed countries due to health concerns, but pastries and cakes offer manufacturers a silver lining, according to a Euromonitor analyst.

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