The chocolate flavors market is projected to grow at a compound annual growth rate of 5 percent to be valued at more than $350 million by 2019, according to a recent report from market analyst MarketsandMarkets.
Kraft Foods Group, Inc. announced it’s changing the recipe of one of the company’s most iconic products, Kraft Macaroni & Cheese, which will no longer be made with artificial preservatives or synthetic colors in the US by the end of 2016. Kraft Dinner (KD) in Canada will make the same changes by the end of next year in Kraft Dinner Original.
The organic industry continues to show rapid growth both domestically and globally with 19,474 certified organic operations in the US and a total of 27,814 certified organic operations around the world, according to USDA.
Organic foods were a big draw for US consumers in 2014 as sales of organic products jumped up 11 percent to $39 billion, a record for the industry, according to the annual Organic Trade Association (OTA) survey.
Increasing population and a trend towards healthier lifestyles has given birth to a sustained gluten-free products market which is projected to be worth nearly $6.84 billion by 2019, according to the market researcher MarketsandMarkets in the recent report “Gluten-Free Products Market by Type (Bakery & Confectionery, Snacks, Breakfast Cereals, Baking Mixes & Flour, and Meat & Poultry Products), Sales Channel (Natural & Conventional) & Geography - Global Trends & Forecasts to 2019”
Mergers and acquisitions within the $28 billion pet food market have become common in recent years, but the companies doing the buying are not those known to the category with more companies known for producing human food entering the pet food market.