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Subject:
FOOD BUSINESS NEWS
Period: February 12, 2023 to February 19, 2023
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
 

Euromonitor International Outlines 5 Key Snack Trends In 2023

Euromonitor International has identified five key snack trends set to shape the market in 2023. Firstly, snacks will increasingly be seen as a staple in the pantry. This is a result of persistent habits picked up from prior years, such as worries of product availability during the pandemic and new concerns over costs that are pushing consumers to further pre-plan snack purchases among their groceries. Snacks are also an increasingly important part of consumer’s daily eating patterns through expanded occasions, functions, and access. It also predicts the channels that consumers purchase snacks from will change. The growth of snack sales through budget-friendly retail channels, such as discounters and warehouse clubs, has seen share growth over the past few years. E-commerce also captured more than two percentage points in channel share gain from 2019 to 2022, reaching nearly 6 percent of all snacks sales globally. Euromonitor is sees a deepening of category strategies to realize growth ...  More

"Five Key Snack Trends to Track in 2023", Euromonitor , February 14, 2023

 
Companies, Organizations  

Sea Monsters Brings Seaweed To American Kids

US-based start-up Sea Monsters aims to make seaweed more palatable to kids with its Seaweed Puffs. The gluten-free, non-GMO snack combines carbon-negative sorghum with regenerative seaweed to create an environmentally sustainable product. The puffs are available in four flavors: Sour Cream & Onion, Cheese Pizza, Sweet Chilli and Spicy Korean BBQ. In 2023, Sea Monsters plans to expand its retail presence and product line. 

"Sea Monsters: Bringing seaweed snacks to American kids", New Hope Network, February 08, 2023

Consumers  

New Insect-Based Snacks Launch In UK

Research shows U.K. consumers are increasingly receptive to the idea of eating insect-based foods due to their environmental benefits. As a result, retailers and start-ups are capitalizing on this interest. Eat Grub has expanded the distribution of its flavored Crunchy Roasted Crickets to Sainsburys nationwide, positioned in the beer aisle. Saved has also recently launched with its Lentil Puffs made from vertically farmed crickets protein. The puffs are currently sold in independent retailers and online on the brand website.  

"Insect-food makers believe consumers are getting the bug", Just Food, January 30, 2023

Deals, M&A, JVs, Licensing  

Griffin’s Acquires Proper Crisps

New Zealand biscuit brand Griffin’s has acquired Proper Crisps. Griffin’s made an initial investment in the company in 2017 and has now bought the remaining shares from co-owners Ned and Mina Smith. Proper will continue to run as a separate company, with “business as usual” for staff and operations. 

"Biscuit giant snaps up Nelson crisp company", stuff.co.nz , February 10, 2023

Products & Brands  

Unbound Snacks Launches With Flavored Walnuts

Sutter Foods has debuted its new brand Unbound Snacks with the launch of its Roasted Walnuts. Unbound Snacks’ Walnuts come in five flavors: Original, Sea Salt & Pepper, Roasted Cinnamon, Butter Toffee and Chili Lime. The product is positioned as a nutritious, satiating snack rich in fiber, protein and essential fatty acids. 

"Unbound Snacks Walnuts Come in Five Flavors", TREND HUNTER , February 13, 2023

4700BC Launches Corn Chips+

Indian premium snacking brand 4700BC has expanded its snacking portfolio with the launch of Corn Chips+, made with 100 percent non-GMO corn, using a unique popping process to create a light and crunchy texture that is nearly 60 percent lower in fat than traditional potato chips. The launch is supported by a digital ad that positions the snack as the ‘Future of Chips.’ 

"4700BC extends its Snacking Portfolio; Launches Corn Chips+, the Future of Chips", Content Media Solutions, February 11, 2023

Naera To Launch Fish Jerky Crunch

Icelandic snacking company Responsible Foods will be launching Fish Jerky Crunch under its Naera brand. The snack is produced by drying locally and sustainably harvested fish with EnWave Corporation’s patented Radiant Energy Vacuum (“REV”) technology. Rich in protein, omega-3, calcium and vitamin B-12, the snack will launch in several flavors including Cheesy Chili and Buttery Herb. 

"EnWave Royalty-Partner Plans Launch of New Seafood Snack Product Line in 2023", GLOBE NEWSWIRE , February 08, 2023

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