Diversification

AvoLove has taken the avocado to the next level of snacking. Pic: AvoLove

AvoLov spearheads avocado chips technology

By Douglas Yu and Gill Hyslop

After two years of intensive research, avocado chips startup AvoLov has perfected dehydrating avocados to produce crispy avocado chips to capitalize on the growing love of the fruit.

Pladis owns some of the large confectionery and biscuits brands including Godiva and McVities. Pic: CN

Exclusive interview

pladis targets $1bn North America sales with new ventures unit

By Douglas Yu

pladis has formed an internal ventures team in North America to help incubate new brands and bring its products from other countries to the US as the company said the region is 'a priority market and is well on track to achieve $1bn in sales'...

Modern Pop uses whole fruit as its primary ingredient. Pic: Modern Pop

Market investment

Frozen snacks maker Modern Pop receives new investment

By Douglas Yu

Frozen fruit bars producer Modern Pop hopes to gain market share and grow rapidly with a new round of investment from three venture capital firms: Cambridge Companies SPG, Rocana Venture Partners and Steelpoint Capital.

Frito-Lay North America recorded a net revenue of $3.62bn in Q1 2018

Frito-Lay drives PepsiCo Q1 sales

By Douglas Yu

PepsiCo posted a 4.3% net revenue growth and a 2.3% organic revenue growth in Q1 2018, driven by Frito-Lay’s ‘solid performance’ in North America, according to PepsiCo CEO Indra Nooyi.

Catalina suggests bakery and snack manufacturers go premium in the center store. Pic: TallTalesFromaSmallTown

Shopper insights

Innovations are essential for center store sales, says study

By Douglas Yu

A study by consumer intelligence company Catalina found the center of the retail store is by no means dead and consumers can be enticed back by innovative products, especially when it comes to bakery and snacks.

IRI says the entry of collagen-added products has surprised the snack industry.

Collagen

Collagen to make its mark in healthy snacks

By Douglas Yu

Collagen is set to compete with plant-based protein and probiotics in the US snacks category as manufacturers ride the growth momentum of bone broth, says IRI.