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Period: May 14, 2023 to May 21, 2023
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  

For Good Granola Wins Two Sofi Awards For Its Gluten-Free No-Oat Buckwheat Granolas

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 Introduces New Savory Snacks For Children Over Three And Expands Squishy Snacks Line

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 Reports Significant Growth With Premium Healthy Snacks

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 Reports Q3 Loss Following Impairment Charge On ParmCrisps Snacks Line And Thinsters Cookie Brand

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 Debuts With Ayurvedic-Inspired Snacks Made From Popped Water Lily Seeds

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

Innovation & New Ideas  

Genuine Coconut Wins Best Innovation Award At ISM

Genuine Coconut, a Spanish food and beverage company, has won third prize for Best Innovation at ISM 2023, the world’s largest trade fair for candy and snacks. Its award-winning product was its vegan purple BBQ-flavored sweet potato chips, which are naturally purple without artificial coloring. These chips are featured in Genuine Coconut’s two new product lines, GenFruit and Genvegs, which offer a selection of 21 healthy fruit and vegetable chips. 

"BBQ purple sweet potato snack awarded among the world's best candy and snack innovations", FreshPlaza.com, May 12, 2023

Products & Brands  

Nourish Organics Launches New Range Of Organic Vegan Chips

Nourish Organics, an Indian-based healthy foods company, has launched Popeas, which the company claims to be the first-ever range of 100 percent clean-label chips in India. The new range of organic vegan chips are made from baked chickpeas and offer 12g of protein per pack. The available flavors include Spicy Mint, Tangy Taco, NYC Pizza and Vegan Parmesan.

"A Revolutionary Snack Has Just Hit The Market!", Elle.com, May 15, 2023

Magic Spoon Offers BFY Junk Food Cereals

Magic Spoon is a US-based brand that offers better-for-you junk food cereals, which aim to recreate nostalgic childhood flavors. Magic Spoon claims its cereals are sugar-free, low-carb and 15 times higher in protein compared with traditional options. Magic Spoon's products can be purchased online and through its five main retail partners.

"How Magic Spoon Brought Innovation To The Breakfast Table", Forbes.com, May 10, 2023

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