As part of its second quarter earnings release, Whole Foods Market announced its plans to open a new chain of stores targeting millennial shoppers and offering lower prices as competition over natural and organic products from other chains increases.
In one of General Mills’ latest efforts, the company announced Yoplait’s Original line of yogurts will now be made with 25 percent less sugar. The company first removed high fructose corn syrup and discontinued use of dairy with rBGH/rBST growth hormone in 2009.
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.
The specialty food industry is stimulated by current trending cuisines and emerging buzzword foods like pickled, fermented, grass-fed, sustainable and smoked flavors.
Not so long ago, canned beer was looked down on as inferior to its bottled counterpart, but that bad reputation seems to be fading as a new breed of brewers are bringing the can back.
Proving once again that beer is big business, the Brewers Association released its annual lists of the top 50 craft and overall brewing companies in the US, based on sales volume.