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Period: July 3, 2022 to July 10, 2022
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

Key Trends Within BFY Foods: Functionality & Dietary Requirements

Within the BFY food landscape, two clear trends are emerging in product development: functional and diet-specific foods. Functional foods with claims of specific health benefits and ingredients such as adaptogens and nootropics are gaining traction. In 2021, global functional and fortified food sales reached $292 billion, including $83 billion in the US. A new functional snack start-up is DOH!, which offers vegan, gluten-free cookie dough enhanced with nutrients to target specific needs such as immune support and stress relief. Products promoting digestive health are particularly popular. For example, BelliWelli offers plant-based, gluten-free digestive health bars aimed at consumers suffering from irritable-bowel syndrome. Dalci serves a line of gut-friendly dessert bars formulated with anti-inflammatory ingredients such as avocado oil, coconut sugar and almond flour. Food alternatives are also increasingly popular as more consumers follow specific diets or eating patterns. Snow Days ...  More

"Four key food trends highlighted at BEMA 2022", Baking Business, June 24, 2022

Companies, Organizations  

Sweet Potato Snack Brand Spudsy Expands Distribution To 4,000 Stores

Sweet potato-based snack brand Spudsy has expanded its retail distribution to more than 4,000 new stores across the US. Spudsy’s Sweet Potato Puffs and Sweet Potato Fries will now be available in stores including H-E-B, Albertsons-Safeway, Hy-Vee, Stater Bros, Hudson News, and CVS. Spudsy makes its vegan, gluten-free snacks out of upcycled, imperfect sweet potatoes to cut down on food waste. 

"Spudsy Expands Sweet Potato Puff and Fry Distribution to More Than 4,000 New Doors", Business Wire, June 28, 2022

Cape Town Brand Plato Makes Its Crisps From Recycled Beer Grains

Cape Town-based brand Plato collects spent grain, a by-product from beer production, to create its grain crisps. Each year, Plato's collects approximately 24 tons of left-over malted barley grains from Darling Brew, a beer maker in the Western Cape, and makes it into 6.5 tons of crisps a month. Plato’s crisps are manufactured by canola oil company Southern Oil, which owns the brand in part. The crisps are flash fried, which the company claims makes the fat content of the snack 50% lower than regular potato chips. Plato’s crisps are made to enjoy with beer and are available in three flavors: Jalapeño Chutney, Mature Cheddar, and Smoked BBQ. In the future, Plato is looking to use spent grain to produce crackers, cookies, and fermented drinks. 

"Meet Plato’s, the brand making crisps from recycled beer grains in Cape Town", Business Insider SA, June 26, 2022

Finance, Economics, Tax  

Indian BFY Snack Start-Up Open Secret Raises $10 Million In Series B Round

Indian-based healthy snack start-up Open Secret has recently raised $10 million in a Series B round of funding led by sector-agnostic fund Ananta Capital. The round also saw participation from the company’s existing investors, including Matrix Partners India and Sixth Sense Ventures. These resources will be used to innovate products, hire new talent, scale up its tech and expand its omni-channel distribution presence. Open Secret is operated by ImmaculateBites Pvt. Ltd and offers BFY snacks such as cookies, chips nuts, chocolates, and cereals. Its products are currently available through its own website, multiple e-commerce platforms and over 3,000 offline stores across India. The company claims that it has added 9 new product categories over the last 9 months and has experienced 10 times growth over the past year due to strong consumer demand.

"Matrix-backed snacks startup Open Secret pockets Series B cheque", VCCircle.com , June 28, 2022

Innovation & New Ideas  

Australia Apple Crisp Brand Chippy Apples Expands Retail Footprint

Australian-based apple snack brand has announced its expansion into over 400 stores across the country. Chippy Apples aims to reduce fresh produce waste and improve nutrition in children through its 100% apple crisps. The brand takes low-grade, local apples through a two-stage drying process that brings the apples’ moisture down to 0.1%. Chippy Apples is owned by Pipan Foods, a food manufacturing company based in Victoria. Pipan Foods is looking to improve upon the Chippy Apples brand through making its packaging compostable and applying its drying process to other seasonal produce including pears, mangos, and bananas. In addition, Pipan Foods is currently exploring a series of ‘hot sauce’ apples, including a Wasabi flavor. 

"The apple chip product tackling food waste and encouraging healthy snacking", FreshPlaza.com, June 24, 2022

Marketing & Advertising  

Munchy’s Partners With AirAsiaRide To Promote Its Crackers

Malaysian-based snack brand, Munchy’s, has partnered with AirAsiaRide to promote its Crackers Plus. From 16th June to 6th July, 30 vehicles will operate in the Klang Valley, Johor Bahru, and Penang and offer free samples to passengers. QR codes within the vehicles will also encourage passengers to spontaneously order the crackers from Munchy’s official Shopee store. Munchy’s Crackers Plus are free from cholesterol and trans fats and include 10 nutrients, such as vitamins (A, B1, C, and B6), calcium, iron, and zinc. The snack is available in three flavors: Original High Calcium, High Protein Chia Seeds, and High Fibre Whole Grain. 

"Snack The Healthy Way With Munchy’s Crackers Plus!", Hype Malaysia, June 26, 2022

Products & Brands  

Wonderful Pistachios No Shells Win Good Housekeeping 2022 Healthy Snack Awards

Two flavors of Wonderful Pistachios No Shells, BBQ and Chili Roasted, were selected as Good Housekeeping 2022 Healthy Snack Awards winners. Wonderful Pistachios No Shells are shelled pistachios seasoned with flavoring, with 6 grams of protein per serving. Good Housekeeping 2022 Healthy Snack Awards highlight innovative snacks that meet the publication’s nutritional criteria and consumer tests. 

"Wonderful® Pistachios No Shells Flavors Win Good Housekeeping 2022 Healthy Snack Awards", andnowuknow.com, June 28, 2022

SpudLove Announces Expansion Into Whole Foods Markets

Organic chip brand SpudLove announced it will expand into all 509 Whole Foods Markets across the US by the end of the summer. SpudLove’s Organic Thick-Cut Potato Chips are farmer-owned and farmer-grown and are produced using sustainable farming practices. In May 2022, SpudLove was named a 2021 Supplier of the Year for the Pacific Northwest Region in Whole Foods' Annual Awards program. The Supplier of the Year program recognizes suppliers that effectively prioritise quality, innovation and social responsibility and is considered by the retailer to be their most prestigious award for suppliers. SpudLove was also recently acknowledged by Whole Foods Market as practicing Regenerative Agriculture, meeting rigorous standards set forth by the company. SpudLove is among the first brands to be granted this acknowledgment by the retailer.

"SpudLove Snacks Announces Nationwide Expansion With Whole Foods Market", Business Wire, June 22, 2022

Two Farmers As The Only Brand Of Chips Sold At Glastonbury

Herefordshire brand Two Farmers provided the only chips sold at Glastonbury Festival due to its 100% plastic-free and compostable packets. Two Farmers packaging is derived from three layers of sustainable cellulose and plant-based and biodegradable ink and glues. Compared to typical chip packets that take decades to decompose, Two Farmers’ packaging decomposes into water, carbon dioxide and biomass within 26 to 38 weeks. Two Farmers’ emphasis on sustainability complement Glastonbury’s mission to make its event more environmentally friendly. In 2019, Glastonbury banned the sale of single-use plastic bottles, saving over one million bottles from waste.

"Herefordshire crisps available at Glastonbury festival thanks to eco-credentials", Your Herefordshire, June 22, 2022

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