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Subject:
FOOD BUSINESS NEWS
Period: November 29, 2020 to December 13, 2020
Geographies:
Worldwide
Categories:
Comment & Opinion or Companies, Organizations or Consumers or Controversies & Disputes or Deals, M&A, JVs, Licensing or Earnings Release or Finance, Economics, Tax or Innovation & New Ideas or Legal, Legislation, Regulation, Policy or Market News or Marketing & Advertising or Other or People & Personalities or Press Release or Products & Brands or Research, Studies, Advice or Supply Chain or Trends
Contents
 
Companies, Organizations  

Snack Start-Up Let There Be Hemp Focuses On Hempseed-Based Snacks

The N.Y.-based company’s grain- and gluten-free chips feature whole hemp seeds as the main ingredient and contain six grams of protein and three grams of fiber per serving. Let There Be Hemp, whose products have debuted at East Coast stores and will be available online in 2021, is also planning to introduce hempseed pretzels and crackers, as well as a fermented sauce that would serve as a replacement for soy sauce.

"Let There Be Hemp debuts with chips, explores intriguing array of novel hempseed products from extruded puffs to plant-based cheese", FoodNavigator-USA.com, November 20, 2020

Consumers  

After The Pandemic, Consumers Will Get Back To Eating Healthier Snacks

Snack company leaders believe that as the COVID-19 pandemic recedes, consumers who are “eating worse” at the moment, as Los Angeles-based PeaTos CEO Nick Desai says, will once again turn to better-for-you snacks. Eugene Kang, CEO of California-based Country Archer Provisions, says there has been “a deceleration around better-for-you” snacks during the pandemic, mainly because of the stress in people’s lives. But eventually shoppers will get back to their regular dietary trends, including “keto, Whole 30, high-protein, low-sugar intake,” as well as more outdoor activities. The end of the pandemic may prove to be a special boon for snack company start-ups and businesses introducing new products. They hope consumers will once again sample treats that are something other than tried-and-true.

"U.S. snackers will return to healthier options post-COVID, suppliers say", just-food global news, November 21, 2020

Company Sees Increased Use Of Fruits, Vegetables In BFY Snacks

Four out of five consumers globally say they plan to eat and drink healthier as a result of the pandemic, according to Austrian fruit ingredient processor Agrana Fruit, a trend that bodes well for makers of fruit- and vegetable-based snacks. They are gaining in popularity because they offer a balance between an indulgent treat to escape the routine and a healthy functional product that delivers an energy boost and fiber for gut health. Agrana Fruit foresees increased usage of both exotic and local superfruits – i.e., blueberries and yuzu – in the making of healthy snacks, and has also detected greater interest in botanicals and adaptogens.

"Agrana Fruit: “Seek control” trends in snacks amid increased at-home consumption", Food Ingredients First, November 20, 2020

Finance, Economics, Tax  

Mark Cuban Buys Into Mushroom Jerky Snacks

The billionaire entrepreneur and owner of the Dallas Mavericks NBA team has invested $300,000 in Oregon-based Pan’s Mushroom Jerky, a plant-based jerky brand recently featured on the TV show Shark Tank. The cash will be used to create new flavors and to expand distribution in the midst of surging global demand for plant-based foods. The investment gives Cuban an 18 percent stake in the 12-year-old company. Pan’s Mushroom Jerky is 100 percent plant-based and soy-free, made from organic dried shiitake mushrooms, plus organic coconut sugar, avocado oil, Himalayan pink salt, and organic chia seeds. 

"Vegan Mushroom Jerky Brand Attracts U.S.$300K From Shark Tank Investor Mark Cuban", Green Queen, December 01, 2020

Innovation & New Ideas  

Barry Callebaut To Push Its Mediterranean Nut Business

The Swiss cocoa processor and chocolate maker is planning a global push for its La Morella Nuts business as it works to tap into growing demand for plant-based products and consumer interest in health and sustainability. Acquired by Barry Callebaut in 2012, La Morella is focused on delivering high quality nut-based ingredients. The company is planning to expand beyond Spain, France and the Benelux countries to the U.S. and other European countries, including Germany and the U.K.  It is also planning to expand its product categories from vegan nut-based ice creams to fillings, nut butters, and pastes made from almonds, pistachios, hazelnuts, and other nuts.

"Barry Callebaut wants to crack the plant-based market with global expansion of La Morella Nuts", Food Navigator, November 19, 2020

NatureBox Introduces Snack Boxes For Participants In Virtual Business Meetings

The Redwood City, Calif.-based marketer of BFY corporate and consumer snacks, has launched an automated corporate snacking service for sending healthy snacks to remote teams ahead of virtual meetings. The idea is to recreate the conference room snacks-and-coffee environment in a virtual meeting. The company says the process takes only minutes and involves providing ZoomSnacks with a budget and list of attendees. ZoomSnacks contacts the attendees, who select snacks (and beverages) that are then delivered ahead of the meeting time. Recipients also receive a free annual membership to NatureBox and 20-40 percent on snack purchases.

"NatureBox Launches The Latest Innovation in Corporate Snacking: 'ZoomSnacks, The First-Ever Automated Service for Sending Healthy Snacks To Remote Teams Ahead of Any Virtual Meeting'", PR Newswire, November 18, 2020

Market News  

Consumers Turn To Store Brands As Pandemic Rages On

Consumers looking for healthier foods and for more label transparency are increasingly finding these characteristics among grocery store private label brands. Store brands were doing well before the pandemic, but COVID-19 pushed the trend into overdrive, even as some shoppers turned back to name brands for familiar comfort foods. Supply shortages, however, and concerns about costs, led consumers to try private labels, and they often found they liked them. Some retailers, including Target and Trader Joe’s, continue to do well with their own food and beverage brands, Others – Amazon and Whole Foods, for example – have faltered in their experiments with house brands. It all comes down to consumer preferences – for savings, selection, variety, comfort, quality, healthfulness, etc. – which can be hard to predict.

"Private Label Soars During Pandemic, Battling Brands", Forbes.com, November 23, 2020

Other  

Need For Temp Workers Is Greater Among Snack Companies In Time Of Coronavirus

In the U.K. and elsewhere, snack makers often ramp up hiring of flexible and temporary workers to keep up with a holiday swelling of demand.  But the waves of coronavirus surges, leaving holes in permanent employee rolls, have added to the pressure this year, in fact “stretching the industry to its limits,” according to a representative of Redwigwam, a flexible working community. Snack maker Burton’s Biscuit Co. is one of the companies that hired Redwigwam to boost its workforce to cope with the seasonal demand, but also to help launch a new variant of its Wagon Wheel biscuits. Likewise, London-based healthy snacks producer Proper Snacks bas been working with Redwigwam for more than a year to fill jobs like ensuring correct setup of physical stock and visiting stores to ensure the best presentation of products.

"Burton’s Biscuits and Proper Snacks tap flexible workforce to cope with increased Christmas and COVID demands", BakeryAndSnacks.com, December 01, 2020

Press Release  

Coca-Cola European Partners Speeds Up Decarbonization Program

The British multinational Coke bottler says it is accelerating the decarbonization of its business by reducing absolute greenhouse gas (GHG) emissions by 30 percent from 2019 levels across its entire value chain – including scope 1, 2, and 3 emissions – by 2030. The overall goal is to become a Net Zero business by 2040. The emissions reduction plan affects its entire value chain: ingredients, packaging, operations, transportation, and refrigeration. A major focus will be on a commitment to support strategic suppliers as they set their own science-based carbon reduction targets and use 100 percent renewable electricity. CCEP is investing €250m ($303 million) over three years to implement the plan.

"Coca-Cola European Partners sets ambition to reach Net Zero emissions across entire value chain by 2040", Coca-Cola European Partners , December 10, 2020

Products & Brands  

RW Garcia Extends Line Of BFY Crackers

The family-owned San Jose, Calif.-based BFY snack maker’s new organic crackers come in two varieties: Organic Everything and Organic Kale. The kale version is made with stone-ground white corn, kale, flaxseed, chia seed, and black sesame seed. The Everything version is made with stone-ground corn, poppy and sesame seeds, onion, garlic, and sea salt.  Both are Non-GMO Project verified, certified gluten-free, cholesterol-free, kosher, and contain no trans fats. The company also offers Sweet Beet, Sweet Potato, and Lentil with Turmeric variants.

"RW Garcia Launches New Products", delimarketnews.com, December 19, 2020

General Mills’ And Sesame Street Create Number- And Letter-Shaped Cereals

The Minneapolis-based breakfast food company has debuted Sesame Street Cereal, which will arrive on store shelves in January in two varieties: berry flavor with number-shaped pieces, and cinnamon flavor with letter-shaped pieces. In addition, the back of each box opens like a book to reveal English and Spanish language short stories with Elmo. According to General Mills, Sesame Street Cereals are a good source of fiber, calcium, and vitamins D and E. The boxes offer games and Elmo stories that prompt questions related to counting, shape recognition, letter recognition, etc.

"General Mills Debuts Sesame Street Cereal, Bringing ABCs and 123s to the Breakfast Bowl", Business Wire, December 01, 2020

Earnest Eats Launches Avocado Slice Snack

The Solana Beach, Calif.-based breakfast and snack company’s Snacking Avocados are a clean-ingredient snack made with slices of real Hass avocado that are freeze-dried and simply seasoned with sea salt and spices. The snacks are vegan, keto, gluten-free, non-GMO, high in fiber, sugar-free and available in three savory flavors -- Sea Salt, Sea Salt Lime, and Roasted Chipotle. Each 0.6-ounce bag ($3.49) contains one 160-170 calorie serving, featuring 15 grams of healthy fats, two grams of net carbs, seven grams of fiber, and zero added sugar or preservatives. 

"Earnest Eats Snacking Avocados", Progressive Grocer, November 30, 2020

Nature’s Bounty Says Its Puffs & Cookie Sandwiches Open A “New Snacking Category”

The manufacturer of health & wellness and nutrition products, based in Holbrook, N.Y., is targeting BFY snack enthusiasts with its Pure Protein brand of Puffs and Cookie Sandwiches. The Puffs are available in Nacho Cheese and Brick Oven Pizza flavors; the Cookie Sandwiches, which the company claims are “a good source of fiber and protein, are available in Snickerdoodle and Double Chocolate flavors, Both are Non-GMO and free of gluten and artificial flavors, colors, and sweeteners. The new products are on the shelves at Walmart and available online at Walmart.com.

"Raise The Snacking Bar: Pure Protein Debuts New Puffs And Cookie Sandwiches ", PR Newswire, November 19, 2020

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