According to the Food and Drug Administration, 51% of American shoppers understand the benefits of omega-3 fatty acids and 48% understand the dangers of trans fats and the relationship to heart disease.
Demand from ethnic communities and consumers looking for an alternative to beef has resulted in a boom in the California goat industry, and imports of goat meat have also increased. Farmers are responding by increasing production, and retailers including Whole Foods Market are testing frozen goat meat at some of their stores.
Pepsico announced it will acquire Stacy's Pita Chip Co. pending regulatory approval, a move that advances its expansion into healthy snacks. Stacy's sales are expected to reach nearly $60 million this year, up from $26 million in 2004.
Facing competition from inexpensive private-label diapers, Procter & Gamble Co. is retreating from a 5% price hike it instituted this summer on its Pampers and Luvs brands, according to analysts. P&G's prices will now reflect a 2% increase.
Wal-Mart Stores-owned British chain Asda has been unable to keep up with Tesco PLC, Britain's hypermarket leader. Asda is optimistic CEO Andy Bond's plan to sell more health-oriented products and boost Asda's online presence should help its bottom line, but one analyst says the gap between Asda and Tesco is too big.