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411 posts categorized "Packaged Food"

May 30, 2014

Protein Moves into the Mainstream in Packaged Food

 

High protein products are moving beyond sports drinks and supplements into mainstream packaged food, as evidenced by recent product launches. For instance, almost every major yogurt company manufactures a Greek-style yogurt that has more protein than their non-Greek counterparts do. Kraft recently launched a high-protein version of its Philadelphia cheese spread and Yoplait launched a high-protein yogurt targeting teenagers.

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May 27, 2014

Innovative Packaging Products Combine Shelf Appeal with Functionality

 

Shelf appeal and pack functionality are two of the main trends Euromonitor observed at interpack 2014, and some the innovative brands are combining these trends into one package. For instance, Japanese canned preserved food brand Meidi-Ya recently changed its corned beef packaging from a metal can to a plastic container. This switch helps the product stand out on the shelf due to the material used, and is easier to open than a metal can with a key. Another instance of these converging  trends is found in the Lancôme product Rénergie Lift Multi-Action Reviva-Concentrate, which is hot stampped to produce a metal look and has an innovative closure that twists to open or close the product to prevent spillage.

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May 23, 2014

The Effects of Tesco's Confectionery Decision

Skelly 6a01310f54565d970c01901ea7d276970b-120wiWith Jack Skelly, Research Analyst and Lauren Bandy, Food Research Analyst

Tesco recently made the decision to stop selling confectionery products at checkouts in all of its UK stores. This decision is a result of pressure from both the government and consumers as well as other grocery chains - discounters such as Lidl have already stopped the practice. The removal of confectionery from Tesco’s checkouts will hamper sales of these products in the UK, although the long term effects will depend on if other grocery stores follow suit.

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May 22, 2014

Five Trends in Snacks from the Sweets and Snacks Expo 2014

 

Euromonitor International visited the 2014 Sweets and Snacks Expo and identified five key trends in snacks based on our observations. Mini products, such as mini York Peppermints, are even bigger in 2014 than at the 2013 show. Products such as Hershey's Ice Breakers Cool Blasts Chews, which start out as a gum and melts away, are driving mint innovation.  Meat companies are releasing small-batch varieties of jerky and sausages made to fill a premium gap in the segment. Due to the success of Skinny Pop, ready to eat popcorn is booming with varieties such as sea salt and vinegar and sriracha making appearances at the show. Finally, thinner versions of existing snack products such as pretzels and cookies are being marketed as an easier portion control.

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May 18, 2014

Chobani Should Reconsider its Expansion Plans if it Wants to Survive in the Yoghurt Market

Pinar HosafciAnalyst Insight by Pinar Hosafci - Food Analyst

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Agro Farma is in financial trouble. The company, known for its Greek yoghurt brand Chobani, has recently struck a deal for a US$750 million loan from private equity firm TPG. Its recently purchased Idaho plant has not generated the required revenue to cover its set-up costs, which has also been reflected in the company’s overall performance. In 2013, Chobani’s retail value sales grew by less than 20%, a 10th of the 200% CAGR registered over 2008-2012. This should come as no surprise given the saturating yoghurt market in North America, which is expected to stagnate in volume terms over the next five years. Given that the US accounts for 90% of Agro Farma’s global sales, the company must focus on expanding its product range in the short term and moving beyond the US in the medium term if it is to survive in the increasingly competitive yoghurt market.

Continue reading "Chobani Should Reconsider its Expansion Plans if it Wants to Survive in the Yoghurt Market" »

May 16, 2014

Food Safety a Global Concern

Food safety continues to be a major issue for both consumers and manufacturers. In the wake of food safety concerns such as the horse meat scandal in Europe and the tainted milk scare in Asia, packaged food manufacturers should look to shorten their supply chains and rethink their single-supplier strategy in order to avoid future food scares.

To learn more about global trends in the packaged food industry, download Euromonitor's global briefing, "14 Food Trends to Watch in 2014: Part One"

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Check back every Friday in May for a new video on trends in the packaged food industry.

May 9, 2014

Day On / Day Off Diets Present Opportunities for Packaged Food

 

A growing number of consumers are participating in Day On / Day Off Diets, where food is consumed normally one day and restricted the next. This trend presents an opportunity for the packaged food industry to sell multi-pack products where half the pack is for on days and half for off days. These kinds of products can be marketed to specific consumers through lifestyle magazines or fitness websites. With many companies already selling low-fat or healthy versions of specific items, the multi-pack option would consist of products already being manufactured.  

To learn more about global trends in the packaged food industry, download Euromonitor's global briefing, "14 Food Trends to Watch in 2014: Part One"

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Check back every Friday in May for a new video on trends in the packaged food industry.

May 8, 2014

Mondelez’s FMCG and Coffee Opportunity

EMI_mondelez-v1.0

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Packaged food currently accounts for Mondelez’s major sales globally and is the focus for future growth. The news that Mondelez will combine its coffee operations with DE Master Blenders, and the potential formation of Jacobs Douwe Egberts (JDE), means that Mondelez is likely to streamline its business lines, focusing on snacks. Expansion into the Latin American hot drinks market will also be a key factor in this latest deal.

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May 5, 2014

The Global Link Between Wages and Seasonal Chocolate Prices

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Seasonal chocolate is the most expensive type of chocolate in many markets globally. With the cost of food rising and wages stagnating in many countries in real terms, Euromonitor International analyses the correlation between wages and seasonal chocolate prices to highlight how consumers are being squeezed by these trends. In Brazil for example, the average 2013 hourly wage is US$4.9 compared to the US$13.8 average cost of 250g of seasonal chocolate.

Continue reading "The Global Link Between Wages and Seasonal Chocolate Prices" »

May 2, 2014

The War on Waste in Packaged Food

Consumers are becoming more aware about how much food is thrown away globally. According to a recent report from the United Nations, 1.3 billion tonnes of food is wasted up and down the food supply chain each year. Companies are being pressured to reduce this waste, and Tesco has recently proposed limiting the number of promotional offers on perishable items such as dairy and fruit in order to prevent shoppers from buying more than they may consume.

To learn more about global trends in the packaged food industry, download Euromonitor's global briefing, "14 Food Trends to Watch in 2014: Part One"

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Check back every Friday in May for a new video on trends in the packaged food industry.

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