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Period: September 5, 2021 to September 12, 2021
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
Companies, Organizations  

Snack Companies Should Cater To Consumer Quest For New Flavors

Market researcher Mintel’s data support the recommendation that snack companies should experiment with flavors to fuel sales of all types of snacks. Forty-three percent of consumers say they look for new flavors all of the time or most of the time, while about 41 percent do so occasionally. The consumer quest for new flavors varies somewhat by age: the under-45 group, which includes Gen Z and younger Millennials, are most likely to seek out new flavors all of the time while those 55 and older are less likely to try something different. Top flavors such as cheddar, salted, barbecue, garlic, and ranch aren’t surprising: older consumers lean toward onion-flavored snacks while Gen Z tend to prefer peanut butter the most.

"Use flavor experimentation to bolster snack sales", Baking Business, September 27, 2021

FSSAI”s Approach To Healthier Snacks And Sweets Is Two-Pronged

The Eat Right Movement of the Food Safety and Standards Authority of India, which originally focused on reducing sugars, sodium, and saturated fats in snacks and candy, is now promoting immunity boosting ingredients. The relatively recent emphasis emerged during the pandemic, and now India’s food companies are adding healthy ingredients such as whole grains, vegetables, and micronutrients to their products, including children's foods. An example is Lil' Goodness, a children’s food and nutrition brand that is targeting deficiencies of vitamins B, C, D, zinc, calcium, Iron, protein, as well as an excess of unhealthy fats and carbs. The company’s product lines include savory snacks (multigrain puffs, veggie crackers made with real veggies) and sweet snacks such as prebiotic chocolates. 

"Snacks and sweets take a healthy twist as Eat Right Movement gains importance during pandemic", Food And Beverage News, August 31, 2021

New Kerry Microapp Will Help Private Labels Fine-Tune Snack Marketing

The Irish taste and nutrition company’s research shows there are ample opportunities in the snack marketplace for grocery and private retail labels to plant their product flags. The company created what it says is an “easy-to-navigate online microapp” designed to provide information about its research results and identify the opportunities shaping the private label snacks space. The “Seizing the Private Label Snack Category” microapp allows users to explore product packaging examples and reveals the claims and ingredients that resonate with various consumer types. Insights related specifically to snacks provide direct guidance on tackling snack product innovation. For example, private label consumers comprise two key groups: “adventure seekers” (novel flavors) and “practical traditionalists” (tried-and-true flavors).

"Kerry’s microapp delves into emerging opportunities in private label snacks", Food Ingredients First, August 26, 2021

Mr. Favourite Plantain Chips To Enter U.S. Market

The London, Ont.-based maker of vegan, gluten-free, and trans fat-free plantain snack chips says its products will soon be available in the U.S. A type of banana, plantains are a good source of fiber, vitamins, and minerals. Mr. Favourite’s chips come in Chili Garlic, Sour Cream and Onion, and regular varieties.

"100 Percent Vegan, Gluten-Free, Trans Fat-Free Plantain Chips are the Perfect Snack for You!", Globe Newswire , August 25, 2021

Finance, Economics, Tax  

Celebrity Chef Launches Lifestyle/Wellness Brand, Raises $2.2M

Restaurateur, chef, television host, and entrepreneur Michael Chernow has raised $2.2 million to launch Kreatures of Habit, a lifestyle and wellness brand whose goal is to help people establish healthy habits. Investor Gary Vaynerchuk, who led the funding round, was joined by a group of entrepreneurs, media executives, and professional sports figures. Chernow is targeting the $3.3 billion pre-packed oats market with a direct-to-consumer instant oatmeal called The PrOATagonist, a gluten and allergen-free meal containing oats, protein, vitamins and minerals, and omega-3 fatty acids in three flavors. The PrOATagonist comes in a box of seven for $34, and can be obtained via a monthly subscription of $33. The new funds will be spent on marketing and new product development.

"Celebrity chef Michael Chernow whips up new lifestyle brand, Kreatures of Habit, raises $2.2M", Tech Crunch, August 26, 2021

Market News  

Rule Breaker Snacks Enters Delivery Service Channel

The Needham, Mass.-based maker of vegan, gluten-free, allergen-free snacks has partnered with CloudRetail to provide its products through delivery services such as ChowNow, DoorDash, Postmates, and UberEats. Distribution will begin in markets in the west and south, including Los Angeles, San Francisco, and San Diego, Calif.; Tempe, Ariz.; and Austin, Texas,

"Rule Breaker Snacks Expands Distribution With CloudRetail", KTVN News, August 26, 2021

Marketing & Advertising  

Companies’ Driverless Snack Kiosk Hits The Road in Germany

Following successful tests in the city of Cologne, Rewe Digital and Vodaphone are putting their "Snack Mobil" driverless snack kiosk on the road in live operations. The self-propelled kiosk, which offers 32 snacks as well as beverages, will be operational through the end of October. All passers-by at the Carlswerk production facility in Cologne can order soft drinks, sweets, and healthy snacks and make contactless payments with their smartphones directly at the Rewe Snack Mobil. 

"Rewe Digital teams with Vodafone on driverless mobile snack kiosk", Food Truck Operator, August 31, 2021


Blanco Niño Expands Into U.K., Scandinavia

Following a spurt of growth triggered by the pandemic, the Clonmel, Ireland-based tortilla and tortilla chip producer has forged partnerships in the U.K. with retail outlets including Ocado and Daylesford Farm, and is working with wholesale distributors Cotswold Fayre, Auguste Noel, and Holleys. In Sweden, the company has partnered with House of Liquids. The company’schips are sold by 360 retailers in Ireland and counting. Blanco Niño tortilla chips come in Lightly Salted, Chilli & Lime, and Ancient Grain flavors. They are gluten free, vegan friendly and contain no preservatives or additives, and made with non-GMO whole corn.

"Blanco Niño Expands into U.K. and Nordic Markets", FFT (Restaurants Association of Ireland), August 27, 2021

Products & Brands  

Tasty Awards Honors Tomato Jerky Snack From Bella Sun Luci

The Chico, Calif.-based company’s Plant-Based Tomato Jerky: Teriyaki & Cracked Pepper was named the Top Artisan Plant-Based/Vegan Jerky of the year by Tasty Awards, which are intended to “recognize and support the creators of fantastic products.” Bella Sun Luci’s plant-based snack went up against jerkies from around the world in the tasting competition. The company noted that this award is an honor to receive for a small, women-owned business that makes health-minded snacks. The California-grown tomatoes are halved, sun-dried, infused with flavor while marinating, then dried again. The company’s products are available at Costco, Safeway, Walmart, Albertsons, SUPERVALU, and online through Amazon.

"Bella Sun Luci Wins Tasty Award for Plant-Based Tomato Jerky; Mary Mooney Discusses", andnowuknow.com, August 27, 2021


The Evolving Consumer Behaviors Driving Food And Beverage Innovation

Food processing corporation Archer Daniels Midland (ADM) has identified five key consumer health and wellness trends that are driving innovation and creating opportunities for food, beverage, and supplement companies. At the root of the evolving trends in health and wellness is the pandemic, which has transformed the way consumers perceive holistic health and well-being. The key trends are: renewed motivation to improve individual health and wellness; emergence of a holistic approach to managing the mind-body connection; the rise of tailored nutrition that supports personal health and wellness goals; increased emphasis on a proactive perspective on immunity; and the emergence of “purposeful indulgence” as the new “permissible indulgence.” “Consumer focus on sustaining health and wellness through nutrition may likely become an enduring behavioral change, even after the global pandemic is over,” ADM says.

"ADM identifies shifting consumer behaviors reshaping innovation", Bakemag.com, August 27, 2021

Developed by Yuri Ingultsov Software Lab.