From peach to papaya, fruit flavors rule the yogurt market, featured in more than two-thirds of global launches in the past year, according to Innova Market Insights.
The Kellogg Co. said it is responding to consumers’ demand for snacking alternatives with the launch of fresh flavors, new ingredients and entirely new foods.
A challenging year in hog production due to a weak export market was in part to blame for a 49% decline in fiscal 2013 earnings at Smithfield Foods, Inc.
Wal-Mart Stores, Inc., which earlier this month “recommitted” to its promise of providing fresh produce, also is planning to incorporate store-specific modulars across key food categories.
With strong market share in ready-to-eat cereal, yogurt and packaged foods across the globe, General Mills, Inc. is positioned to exceed its international sales goal of $5 billion in fiscal 2013.
