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Subject:
FOOD BUSINESS NEWS
Period: June 20, 2021 to June 27, 2021
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  

Salt of the Earth Develops Lower-Sodium Solution That Enhances Plant-Based Snack Flavors

The nearly hundred-year-old Atlit, Israel-based food ingredients company has developed a clean-label, plant-based solution that enhances flavor with less sodium in lentil snack bites. The resulting protein-rich, lower-sodium lentil snack bites can be chilled, frozen, or dried. The Mediterranean Umami Bold formulation allows food companies to turn lentils' natural blandness into a savory treat. "You can add Mediterranean Umami Bold to the wet mixture as part of the other ingredients. It completely dissolves, naturally boosts flavors, all while lowering sodium levels by a third."

"Salt of the Earth Creates Low-sodium Craveability", PR Newswire, June 21, 2021

B&B Cereal Launches Breakfast Cereal Bar

The Black-owned cereal company’s “first of its kind HipHop cereal breakfast bar” was created to meet the needs of the 300 million children worldwide who depend on schools for at least one of their meals. B. Brock, and his son Shameek Brock, saw an opportunity to infuse what they called “a much-needed breath of fresh air to the cereal industry” by offering a free, nutritious, convenient breakfast bar to poor families. The launch campaign pledges to donate one B/Brocks Cereal Bar to a child in need for every bar sold on the B&B Cereal website. The B/Rocks Breakfast Cereal Bar will be available in November.

"Father and son launch black-owned B&B Cereal Company to feed millions of hungry children", WBOC, June 21, 2021

California Walnut Board Wants America To Embrace Walnuts As Healthy Snack

The Folsom, Calif.-based organization that represents the state’s walnut growers and handlers says its Snacking Retail Campaign, beginning in July, is designed to focus a spotlight on the benefits of walnuts as a nutritious snack. The campaign, which includes participation by more than 7,400 U.S. food retailers, is based on the research finding that people who eat walnuts enjoy them most often as a snack. Surveys have found that walnuts are often combined with other ingredients; Americans want snacks that deliver taste, texture (often crunchy), and health benefits; and they are about evenly divided between salty or sweet flavors. The campaign comprises a walnut cookbook, custom signage and displays, value-added offers, social media activities, and ads with streaming audio, digital video, and radio tags highlighting the participating retailers. 

"California Walnuts Launches Snacking Campaign in July", California Walnuts , June 17, 2021

Manufacturers Of Grain-Based Snacks Adjust To The New World Of Keto

Established snack brands are adjusting to the burgeoning trend in keto dieting with its low-carb requirements by replacing grains and sugars in snacks and bake mixes with keto-friendly ingredients. Conagra Brands’ Duncan Hines keto-friendly brownie mix with walnut fudge, sweetened with allulose and stevia, has 33 grams of carbs per 70-gram serving. Hilo Life, a snack brand owned by PepsiCo, features defatted almond flour in tortilla-style chips that contain five grams of carbohydrates per 28-gram serving. And Special K keto bars from Kellogg, which contain almond flour along with almond butter and almonds, have 12 grams of carbs per 35-gram serving.

"Ingredients help grain-based foods transform into ‘keto friendly’", Food Business News, June 15, 2021

Amplify Snack Brands Partners With Austin Soccer Club

The better-for-you snacking company (Austin, Texas) that markets SkinnyPop Popcorn and Pirates Booty has inked a multi-year BFY snacking partnership with professional soccer club Austin FC. As part of the partnership, Amplify will receive in-stadium marketing opportunities, in-game digital advertising across more than 300 televisions during home contests, and Grab and Go locations for its portfolio of brands, including SkinnyPop Popcorn, Pirates Booty and Paqui. Amplify is one of Austin’s largest consumer packaged goods company and a fast-growing BFY salty snacking player.

"United States : Amplify And Austin FC Announce Multi-year Partnership", Marketscreener.com, June 14, 2021

Consumers  

Suppliers See Continued Rise In Plant-based BFY Snacks

As the pandemic in the U.S. winds down, consumers are again thinking of convenience as they leave the house for work, education and social events. But they have not lost their focus on healthy snacks, and that has led to a surge in plant-based treats. Suppliers listed key themes dominating the snacking space: closer-to-nature, wholesome ingredients like plant proteins; increased use of whole-food ingredients like ancient grains, beans, nuts, and seeds; the emergence of puffed pea crisps, multigrain crackers, and nutritional bars with low sugar, a demand for children’s snacks that deliver better nutrition; a growing emphasis on dairy- and meat-free recipes; and greater emphasis on flavor, including exotic flavor combinations, in plant-based snacks like alternative jerky or sticks.

"Spotlight on snacks: Plant-based preferences are rising, focus on health and better-for-you options", Food Ingredients First, June 21, 2021

Glanbia Survey Finds New Snacking Patterns In U.K.

The survey commissioned by the Chicago-based flavor and nutritional ingredients company found that 49 percent of those who snack are more likely to choose a healthy product at home than outside of residence (10 percent) and in the workplace (10 percent). Forty-nine percent of hybrid workers (working both at home and in the office) say they would be conscious of what they eat to stay healthy while hybrid working. Of those working in a hybrid pattern, 25 percent say they would eat more snacks as meal replacements, while 31 percent agreed they would choose more on-the-go snacks due to their working routine. One odd finding: 33 percent of consumers admit to snacking more when people aren’t around. Glanbia’s nutritional solutions include proteins, custom premix solutions, plant-based nutrition, bioactive ingredients, and cheese.

"One-third of U.K. consumers snack more when no one is looking, reveals Glanbia", FoodIngredientsFirst.com, June 11, 2021

Deals, M&A, JVs, Licensing  

Burts Snacks Partners With British Outdoors-Focused Charity

The U.K.-based independent snacking company has formed a two-year promotional partnership with the Royal National Lifeboat Institution (RNLI), a charity synonymous with the outdoors that is particularly active in the South West of England. Burts will place RNLI branding on its Sea Salt and Sea Salt & Malt Vinegar 150 g and 40 g crisp packs. The new packaging will feature the charity’s key Float To Live lifesaving messaging and a QR code that points to a new RNLI section of the Burts website where they can place a charitable donation. Initially, the packs will be available in hundreds of stores nationwide, including ASDA, Costa Coffee, Morrisons, and Tesco, as wells as RNLI shops from July.

"Burts Snacks announces two-year partnership with RNLI", RetailTimes.co.uk, June 09, 2021

Finance, Economics, Tax  

Good Food Fund Initiative Recruits Better Nature, Spare Snacks

San Diego-based food and drink start-up accelerator Mission Ventures has taken on Better Nature and Spare Snacks who will join the 12-month Good Food Fund Initiative and receive business support to assist growth. Better Nature, a meat-free brand launched in 2020 specializing in products made from the Japanese fermented soybeans food tempeh, will receive $490,000 from the fund backed by Ascension Ventures. Better Nature is using the cash to expand distribution into supermarkets and to support the development of new products. Spare Snacks produces healthier crisps using fruit & veg going to waste.

"Good Food Fund signs up Better Nature and Spare Snacks brands", The Grocer, June 19, 2021

RIND Drums Up $6.1M In Series A Funding Round

The four-year-old New York-based maker of snacks from upcycled whole fruit says the new cash will help it expand sales, marketing, and operations staffs, while increasing production capacity through additional supply chain partners and manufacturing technologies. The company, which says its revenue grew nearly five-fold year-over-year in 2020, expects sales to triple this year with the launch of a new chips line later in 2021. CEO Matta Weiss says the upcoming crispy fruit chip line will be “highly complementary” to the company’s core chewy dried snacks.” The funding was led by Valor Siren Ventures, formed by Valor Equity Partners in 2019 with a $100 million anchor investment from Starbucks, with additional participation from current investor Melitas Ventures.

"Upcycled Dried Snacks Company RIND Closes $6.1 Million Series A Led By Valor Siren Ventures", Forbes.com, June 15, 2021

Innovation & New Ideas  

Second Nature Brands Opens Michigan Innovation Center

The Raleigh, N.C.-based snack company’s innovation center in Michigan will house research and development for all the company's brands, including Kar's Nuts, Second Nature Snacks, and Sanders Chocolates. The company says the center will accelerate product development, “enabling us to formulate and launch new products faster than ever." The center features a research and development lab, temperature-controlled product storage area, and sensory research facility. The facility will also provide space to work with retail customer partners on developing new products.

"Second Nature Brands Opens New Innovation Center To Accelerate New Snacks and Treats Product Development", PR Newswire, June 22, 2021

Reading Bakery Systems Expands Product Development, Equipment Testing Capabilities

The Robesonia, Pa.-based manufacturer of baked snack production systems said the expanded Science & Innovation Center will be able to offer new virtual trials and a larger staff of food technologists. Operations VP Travis Getz said the expansion was launched to meet a need for “an efficient and effective way to serve our customer’s ever-­changing product innovation and development efforts.” Virtual trials provide remote access to the Center’s product development, equipment testing, demonstration, and samples production. The expanded staff of experienced food technologists will help guide the virtual trials for customers and provide on-site expertise.

"Snack production line manufacturer Reading Bakery Systems expands Science and Innovation Center Services", PotatoPro.com, June 15, 2021

Grocery Retailers Should Expect A Mix Of “True Innovation,” And Snack “Renovation”

Market researcher Mintel says new snack product development is on the rise again, and is taking one of two forms that grocery retailers should be aware of. “True innovation” results in the introduction of “something brand new to the world.” Snack “renovation,” on the other hand, is the development of new varieties of an existing snack line through repackaging, better formulations, relaunches, or extensions. According to Mintel, smaller companies are more likely to come out with true innovation and new brands than major players that rely more on renovation of well-established portfolios.  An example is forty-year-old Partners Crackers (Des Moines, Wash.), which is offering a “retro” line of All American snack crackers, including Crispy Cornbread, Sweet Butter, Crispy Cheese, and Lightly Salted varieties. The company says store buyers are enthusiastic about the “renovated” snack lines and “are gearing up for what they see as a very busy second half of this year.”

"Reopening the door to new products", Baking Business, June 15, 2021

NZ Company Upcycles Rejected Kiwi Fruit Into Premium Snacks

Nelson, NZ-based Little Beauties says it is investing millions of dollars “to make classy snacks” from rejected gold kiwifruit that otherwise would be fed to cows or dumped. The company has raised NZ$4 million ($2.9 million) from local investors over the past two years to expand and automate the drying of kiwifruit, feijoas, and berries. The new machines do the work of five people who used to peel, slice, and place fruit on drying trays. Export volumes are small at present, and getting shipping space is an issue as COVID-19 continues to disrupt supply lines. About 40 percent of sales come from Australia, “much of it from homesick Kiwis pining for feijoas and happy to buy the freeze-dried version.” A recent partnership with Trade Aid has resulted in that organization taking over the job of dipping organic gold kiwifruit slices in organic dark chocolate, a premium product aimed at the U.S. market. 

"Rescued kiwifruit turned into premium snack treats", The Sunday Star-Times (Auckland, New Zealand), June 13, 2021

Products & Brands  

Walmart Now Carries Munk Pack Keto-Friendly Snacks

The Greenwich, Conn., maker of low-sugar snacks, including the original Keto Granola Bar, announced expansion into Walmart locations nationwide. Walmart is now carrying Munk Pack's Keto Nut & Seed Bar in Sea Salt Dark Chocolate and Peanut Butter Dark Chocolate nationally in approximately 4,000 stores, and the Keto Granola Bar in Coconut Cocoa Chip and Blueberry Almond Vanilla in more than 1,000 Walmart locations. Munk Pack's Keto Nut & Seed Bars come in Sea Salt Dark Chocolate, Peanut Butter Dark Chocolate, Caramel Sea Salt, Coconut Almond Dark Chocolate, Macadamia White Chocolate, Pumpkin Seed Cinnamon Almond and Pecan Almond. The Keto Granola Bar snacks come in Coconut Cocoa Chip, Almond Butter Cocoa Chip, Blueberry Almond Vanilla, Peanut Butter, Honey Nut, and Maple Pecan flavors. The snacks are available online and at  Sprouts Farmers Market, Wegmans, and Fresh Market.

"Munk Pack Now Available In Walmart Stores Nationwide", PR Newswire, June 21, 2021

Utz Promotes Its 100th Anniversary With Deals, Discounts, Sweepstakes, Swag

The Hanover, Pa.-based snacks company that started on a mom-and-pop kitchen table a hundred years ago is celebrating the anniversary with an array of promotional activities and gimmicks. The company, for example, is inviting snack lovers to enter its online Blow Out The Candles sweepstakes, in which participants earn a chance to join the Utz Centennial Club and receive exclusive insight into new product releases, promotions, discounts, limited edition gear, and more. The sweepstakes closes on July 16.

"Utz celebrates 100 years of making clean label snacks", BakeryAndSnacks.com, June 18, 2021

U.K.’s Proper Snacks Unveils Vegan Popcorn Bar

The London-based snack brand that makes Propercorn and Properchips has launched a vegan popcorn bar range to meet the growing demand for ‘snacks that deliver both health and taste. Available in Salted Caramel and Hazelnut Praline flavors, the gluten-free low-calorie (116 per bar) snacks are made with popcorn, nuts, and rice crispies with Fairtrade chocolate. The popcorn bars are available on Proper’s website and in Boots stores in the U.K. with RRP £1.59 ($2.22) for a single-serve bar.

"U.K. snack brand launches gluten-free vegan popcorn bars that ‘deliver on both health and taste’", Totally Vegan Buzz, June 16, 2021

GenTech Holdings Acquires Natural Foods Company NxtBar

The acquisition by the New York-based marketer of functional foods and premium coffee was attracted to NxtBar because of its “strong and growing sales and a mission to reinvent clean, healthy snacking” through its keto-friendly products. GenTech said it will make operational changes at NxtBar, including a significant expansion of NxtBar’s sales footprint, including growth into GNC, Walmart.com, Amazon.com, TruNorth (Canada), and into its network of more than 2,000 other U.S. brick-and-mortar locations. NxtBar prospered during the pandemic, tripling its YoY revenue growth and activating more than 2,000 retailers since its inception. The company’s products are low-sugar, low-carb, keto-friendly, paleo-friendly, non-GMO, and gluten-free, containing less than 2g of sugar per serving. 

"GenTech to Acquire High Growth Sports Nutrition Brand NxtBar as SINFIT Nurtition Roll-up Strategy Continues", GlobeNewswire, June 14, 2021

BitesWeLove Launches Pea-Based Snacks Into Sainsbury’s

The six-year-old Dutch (Amsterdam) snack brand’s three healthy Crunchy Peas snacks are being introduced into Sainsbury's through the retailer's Future Brands initiative. The vegan, high-fiber, low-fat Sea Salt & Black Pepper, Smoked Paprika, and Sour Cream & Jalapeño variants ($3.16/100g) are now available in 70 stores on an initial four-month trial. The move into the U.K. market represents a major opportunity, the company says: "We wanted to launch in the U.K. since we started, it was our dream to do so," said co-director Liesbeth Gouwens. A number of established snacking brands are relaunching healthier versions of their products in a bid to escape the pending U.K. HFSS clampdowns. Eat Real, for example, is reformulating its Sea Salt and Tomato & Basil Hummus Chips, reducing their salt content by more than 50 percent.

"BitesWeLove launches Crunchy Peas snack trio into Sainsbury's Future Brands", thegrocer.co.uk, June 11, 2021

Trends  

Nutritional Labeling On “Harmful” Food Products Didn’t Affect Mexican Shoppers

Brand consultant Kantar recently found that new obesity-fighting labeling of products considered 'harmful' has not changed the consumption habits of Mexicans. The six-month-old modification to the Official Mexican Standard (NOM) 051, designed to fight obesity and promote health eating, obliges companies to place information stamps on packaging warning of excess calories, sugar, carbohydrates, sodium, and other ingredients. Kantar found, however, that despite being implemented on a massive scale, the measure has had a very low impact on the country. The main reason is that there are no alternatives to replace these unhealthy products.

"Snack addicts? New labeling did not change consumption habits of Mexicans", Entrepreneur.com, June 10, 2021

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