Fruit products such as packaged fruit, candy and juices will continue to lose market share in the U.S., where a push for fresh fruits and healthier snacks is causing declining sales, according to a report by Packaged Facts.
The generic packaging and low-end image of food store brands is changing, as stores seek to boost their private-brand sales. Kroger and Disney have developed private-label products for children, and Publix has gone gourmet and added an environmentally friendly brand.
The Altria Group will announce the exact timing of its sale of Kraft Foods in its January board meeting, said Chief Executive Louis Camilleri. Kraft's Chief Executive Irene Rosenfeld is expected to release a strategic plan for Kraft in February.