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For Good Granola, a US-based start-up specializing in gluten-free no-oat buckwheat granolas, has won two sofi Awards in the Cereals and Granola category. The company’s Original Blend received the 2023 sofi Gold Product Award, while its Chocolate Chile variety received the 2023 sofi New Product Award.
"For Good Granola Wins sofi™ Gold Product Award and New Product Award in Cereals & Granola category at 2023 Summer Fancy Food Show", Specialty Food, May 11, 2023
Ella’s Kitchen, a UK-based company specializing in organic baby and toddler food, has launched a new range consisting of eight savory snacks designed for children aged three and above. The new snacks are made from lentils, maize and peas and are high in fiber. Additionally, Ella's Kitchen has expanded its Squishy Snacks pouches line by introducing four new flavors that combine pureed fruit and vegetables.
"Ella’s Kitchen adds snacks for kids aged three and over", The Grocer UK, May 11, 2023
TagZ Foods, an Indian-based start-up specializing in premium healthy snacks, has experienced significant growth since its launch in 2019. The company’s flagship product is its popped potato chips, which it claims have half the fat of regular counterparts. The company’s operating revenue has increased from Rs10.34 lakh in FY20 to Rs23 crore as of May 2023. TagZ Foods attributes its performance to its targeting of Gen Z consumers.
"Chip(s) Thrills: How TagZ is cracking the snacks market", Forbes India , May 10, 2023
Hain Celestial, a better-for-you snacks company, has reported a Q3 loss following an impairment charge on its ParmCrisps snacks line and Thinsters cookie brand. The $156.6 million non-cash charge contributed to a net loss of $115.7 million for the quarter, against $24.5 million profit the previous year. Hain Celestial attributed the decline to distribution issues and a slowdown in the keto category for ParmCrisps, while also citing ‘softness’ in the North American snacks market affecting Thinsters and other segments of the business. Consequently, the company anticipates a 3-4 percent decline in sales for the year.
"Hain Celestial turns to loss on impairment charge linked to snacks", Just-food.com, May 10, 2023
Route to India, a US-based company specializing in premium snacks inspired by Ayurvedic techniques, has debuted with its new range of Yoga Pops. These snacks are made from popped water lily seeds and offer a texture similar to puffcorn. Yoga Pops come in a variety of flavors, including curry, masala, truffle and caramel jaggery.
"Popped water lily seed snacks? This Minnesota product leans on ancient practices", Star Tribune, May 09, 2023
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