September 21st: What's new in the industry this week?
Featured Trend
Which sleepy categories are primed for innovation?
📉 Using an internal historic data tool, our team analyzed categories that have declined in innovation/new product launches in the last 5 years.
📅 In many cases the products you will find on the shelf are the same brands and items that your parents could have bought 20 years ago.
🔍 In this issue we examine hot cocoa, refrigerated tofu, canned soup, and canned vegetables. What could change these products to appeal to a younger audience?
📊 Taking a look at soup innovation, we’ve seen that the RTE Soup subcategory hit its peak of new items around 2014 but has been on a steady decline since
To learn more about the categories that have seen a decline in innovation, and how these sleepy categories are primed for a shake-up, read our latest Food For Thought newsletter: Past Their Prime, Injecting Excitement into Stagnant Categories
In the meantime, here’s what we’re reading:
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Snack & Beverages
Snacking
New Ferrero facility opens in Chicago
Cookie makers capitalizing on nostalgia
Taking pumpkin spice to the next level
Beverages
Aura Bora, Graza Olive Oil Claim ‘Dry Guys’ Title With Non-Alc Cocktail Collab
Heineken Acquires Stake in Ellie Goulding’s Served RTDs
REBBL Rebrand Targets Mainstream; “It’s a Different Consumer”
Missed Shots: How 5-Hour Is Responding to Slumping Sales
Center of Store
Main Center Aisles
Enrich Foods expands Great River Milling portfolio
Moyu launches better-for-you baked good applications with konjac-based mix
Baked Goods and Bread
Retail bread prices fall in August
UK’s Finsbury Food set to go private
North Dakota Mill earnings climb 17% in ‘23
Frozen
Green Giant adds to frozen vegetable portfolio
Bibigo spices up frozen offerings with Crispy Dumpling Bites
Amy’s Kitchen gets ‘back on track with innovation,' releases multipack offerings
Plant, Protein & Dairy
Protein
Missouri senator questions Tyson on alleged child labor violations
Eden Valley Poultry receives nearly C$3 million from Canada
Volpi Foods charcuterie products to be sold at Target stores
Threats mount against nearly-finalized proposed update to organic animal welfare standards
Nourish Ingredients teams with Boston Bioprocess to scale animal-free specialty fats
Cheese and Other Dairy
August U.S. Milk Production Report Shows That Cow Numbers Are Down Slightly from a Year Ago
Senators Push FDA to Ban Lab-Grown Dairy Alternatives from Using Dairy Terms
Kraft recalls 84,000 cases of American cheese slices over choking hazard
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Vitamins & Supplements
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Olly Launches New Supplement, Expands Men’s Health and Sexual Wellness Offering
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Menopause supplements are innovating briskly
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Personal Care
Nopalera Opens LA Pop-Up, Launches Personal Care Products That Can Live In Hotels And Restaurants
Have Fine Hair? New Brand Fully Fyne Is Creating Haircare Products Just For You
Upcycled Sumo Citrus Is the Star Ingredient of Loli Beauty’s First Cleanser
Zero-carbon laundry? Unilever and Oxford University tackle emissions of everyday cleaning
Pet