Post Holdings CEO Robert Vitale foresees a more competitive cereal market next year, and the company is preparing by outlining several key expectations for 2018. The firm will finalize the last stage of merging Post Foods and MOM Brands, integrate Weetabix into the North American market and "continue to deliver taste and value propositions that enable us to defend our share," Vitale said.
CPG manufacturers are increasingly turning to plant-based ingredients as solutions to consumer demand for healthy snacking, with vegetables, grains and pulses popping up in more snack products. Vegetable snacks accounted for 45% of the dollar sales in the alternative-ingredient salty snack category last year, while grain-based snacks generated 40% of the segment and pulse-based snacks accounted for 15% of sales, according to Packaged Facts.
Frito-Lay is bringing its Nacho Cheese and Cool Ranch Doritos flavors to peanuts with the introduction of Doritos Crunch Nuts and Doritos Crunch Mix. The new products feature roasted peanuts covered in Doritos Nacho Cheese or Cool Ranch-flavored shells, while the Doritos Crunch Mix also has 3D triangles, pretzels, puffs and corn sticks.
Several new functional beverage products have arrived on shelves recently, among them a three-flavor, plant-based drink line from Apres, each with 13 grams of protein. NuZee is rolling out a line of ready-to-drink cold-brew coffees that includes nutraceuticals such as ginseng, I-theanine and AlphaSize A-GPC.
Milk Bar founder Christina Tosi has named laminated dough, flavors like matcha or a banana split sundae showing up in baked goods, "naked" layer cakes, soft serve and new innovations in the candy bar space as potential new trends for the coming year. Milk Bar finished its first round of funding to expand in the US after nine years in business, and will open a new location in Washington, D.C., before year's end and another in 2018 alongside its Los Angeles debut.
Mars Chocolate UK Vice President of Marketing Michele Oliver said that the company is working to bring more diversity into its marketing teams through efforts that include marketing apprenticeships and unconscious bias training with its creative agencies. The moves will help Mars encourage industry changes "in a more sustainable way," said Oliver.
SweeGen and distribution partner Ingredion will partner to offer Bestevia Rebaudioside D stevia leaf sweetener in the US. The Food and Drug Administration said that it has no questions regarding the general recognized as safe status of the sweetener.
Halo Top's low-calorie ice cream was listed as one of Time magazine's 25 best inventions of this year. The company's success at putting ice cream back on the menu for weight-conscious consumers led to its recognition on the technology-heavy list that includes talking robots and selfie drones.
Farm Credit Services of America CEO Mark Jensen says the agricultural economy is better than it was in the 1980s because of crop insurance and because there is less debt. Jensen, who became CEO of FCSA and Frontier Farm Credit Nov. 1, says, "We will provide the value in the market that our customers expect from us."
- Page 1