Not far from Disneyland Park in Anaheim sits a thriving hotbed of food and beverage innovation. Natural Products Expo West in its 38th year drew more than 82,000 industry professionals to view the latest new products in the natural and organic marketplace.
To meet consumers’ snacking demands, there’s ‘no magic bullet.’ “There’s a reason why it’s called the snacking ‘universe.’ When it comes to core snacking and macro trends, the reach is far and wide,” said Sally Lyons Wyatt, executive vice-president at Information Resources, Inc. (I.R.I.), who gave the keynote address at SNAXPO18, which took place March 12-14 in Atlanta.
Every aspect of the industry is expected to undergo a transformation more radical than anything that has come before and the change will occur in a compressed timeframe. Retailers and brands have to figure the future out fast.
Wheat futures led soybeans and corn to multi-month highs as hedge fund buying continued, fueled by weather concerns – drought in the hard red winter region and flooding in some soft red winter areas.
Clean, simple, pure vanilla flavor bases, often with a swirl or side of something delicious, dominated the refrigerated and frozen dairy product aisles in 2017. However, after Cyclone Enawo hit Madagascar in March 2017, reportedly destroying almost a third of the country’s vanilla crop, dairy foods manufacturers recognized their 2018 innovations would need to take a different characterizing flavor pathway. That turned out to be chocolate.
The FDA has unveiled guidance on added sugars, serving sizes and dietary fibers to help manufacturers implement the new Nutrition Facts label, and says it’s working on a plan to incentivize manufacturers to make healthier products and “provide consumers with helpful tools to make healthy food choices, including clarity on food label claims.”
The Food Marketing Institute (FMI) and the Foundation for Meat and Poultry Research and Education—the foundation for the North American Meat Institute—have released their 13th annual exploration into the meat planning, shopping and consumption habits of consumers. “The Power of Meat 2018” identifies megatrends influencing meat purchases, including transparency; convenience; value; personalization; customer service; and health and wellness.
In 2017, 88% of companies introduced or reformulated products to support consumer health, according to the “Health & Wellness Progress Report” by the Consumer Goods Forum (CGF). The annual report detailed how food companies, such as General Mills, Inc., Grupo Bimbo S.A.B. de C.V., Nestle S.A. and more, are making changes to products and workplaces to support healthier lifestyles.
In an effort to keep track of produce freshness—and make that freshness visible to the shopper—Walmart has debuted its new Eden technology.
Plastic waste has been hitting the deadlines recently, drawing attention to the amount of plastic packaging we all purchase and dispose of every day. Recent policy changes from the UK have prompted plenty of headlines discussions about how best to tackle our plastic problem.