Articles Tagged with ''snack industry''

Bill Gates once said, “Bringing together the right information with the right people will dramatically improve a company’s ability to develop and act on strategic business opportunities.”

Back in the early 1930s, when Charles Elmer Doolin started The Frito Company and Herman Lay started H.W. Lay & Company, they were establishing the groundwork for a snack empire. The two companies merged in 1961, and four years later joined forces with The Pepsi-Cola Company to create PepsiCo, which operates Frito-Lay as a subsidiary.

According to FDA, more than 160 foods can cause allergic reactions in people with food allergies. In the U.S., federal regulatory bodies identify eight most-common allergenic foods, which FDA says account for 90 percent of allergic reactions related to food.

A few weeks ago, I was able to travel to Bellingham, Washington, for the Raspberry Harvest Tour, which was sponsored by the National Processed Raspberry Council.

The chips market has grown highly diversified over the past several years. In 2017, a chip can run the gamut, including standard potato chips, chips made out of fruits or vegetables, and multigrain options.

Manufacturers of tortilla and tostada chips continue to expand the boundaries of their offerings, in terms of both more imaginative flavors and attempts to address consumer concerns about the healthfulness of a category traditionally known for corn, salt and carbs.

The versatile puffed and extruded snack segment is answering the call of consumers who want to try different flavor profiles and combinations. On the traditional side, products such as Cheetos continue to prosper in the marketplace. In fact, total annual sales for cheese snacks just reached $2.1 billion. Through a balance of tradition and forward-thinking innovation, this segment represents the best of both worlds.

Once a simple snack aisle staple, the humble pretzel is experiencing a resurgence, as restaurant menus tap into the classic flavors of this ubiquitous snack. According to Mintel, Chicago, there has been significant growth in the number of pretzel buns on menus recently, to the tune of 97 percent more items on menus than in previous years.

Within the past few years, choices for popcorn flavors have become more diverse. In 2017, you can choose to eat popcorn straight from the bag, made in the microwave, or even drizzled with chocolate. Consumers can even choose from flavors like honey butter and ranch. For today’s popcorn fans, this category offers more snacking options than ever before.

Crackers remain one of the most- important segments in snacks, valued at $7.4 billion. And current innovations related to ingredients, formats and flavor profiles could drive more growth over the coming year.