South Korean-based CJ CheilJedang will acquire an 80% stake of Schwan’s Co.

South Korean-based CJ CheilJedang will acquire an 80% stake of Schwan’s Co. and certain subsidiaries in the retail, grocery and foodservice markets. Schwan’s will retain a 20% stake in those businesses along with full ownership of Schwan Home Service, its home delivery business. Schwan’s will be operated as a subsidiary of CJ Foods America Corp., operations will continue to be headquartered at the Minnesota-based corporate offices and current senior management will remain in place.

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Poultry Reigns as the Most Popular Protein

Plant-based foods may be dominating headlines lately, but when it comes to driving profit and customer loyalty, the meat case is still supreme. And though consumers are increasingly interested in exploring a variety of cuts and types of meat, poultry continues to win the popularity contest among shoppers due to its value, versatility, health attributes and convenience.

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Retailers continue to invest in organic produce

Organic fruits and vegetables reached $16.5 billion in sales in 2017, and fresh produce made up 90% of those purchases, which has “prompted retailers to launch products under their own private-label brands,” said Organic Trade Association CEO Laura Batcha.

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Pet Food

Sales of pet food are expected to climb approximately 2-3% annually through 2023, Mintel projects. However, an increasingly crowded market and rising price points in the marketplace could be leading the pet food market toward potential saturation, writes Annie Gasparro.

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Butternut Mac & Cheese

Cece’s Veggie Co has unveiled a new range butternut squash-based mac and cheese alternative, which includes a dairy-free variant. The 100% organic butternut squash shells in the Shells & Cheese range replace the pasta shells found in a traditional mac and cheese.

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Bite-sized Potatoes

The Perfect Potato from Robinson Fresh and Albert Bartlett is a line of bite-sized, creamy potatoes responding to consumer demand for potatoes that come in convenient packaging and require no prep work – simply heat and eat.

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