Global information firm NPD Group reports that every day, 28 million people in the U.S. eat a grab-and-go snack, accounting for billions of eating occasions each year. These buy-and-eat-within-an-hour occasions are 50% more likely to be performed while traveling or in a car, which make convenience stores a primary source for grab-and-go snacks. NPD’s snacking research also indicates that c-stores represent five times their fair share of grab-and-go snacking occasions, beating out grocery stores and even discount stores.
Clabber Girl Corp. issues the results of an independent research study by the Kansas State University Department of Grain Science confirming that using the company’s encapsulated fumaric acid in yeast bread recipes cut the amount of calcium propionate in half and yeast reduced by 10%, which can help reduce costs.
Food prices dropped by 1% in June as declines in sugar, cereals and dairy were more than enough to offset a rise in meat prices, according to the United Nations (UN). The UN’s Foodand Agriculture Organization (FAO) stated that the food price index, which measures monthly price changes in cereals, dairy, meat, sugar and oilseeds, averaged 211.3 compared with 213.2 in May, reported the DesMoinesRegister.com.
A new report defines and categorizes the food enzymes market with analysis and forecasting of the global size in terms of revenue. Valued at $1,335.8 million in 2012, the segment is expected to move up to $2306.4 million by 2018, with a compound annual growth rate of 8% for the forecast period.
Kraft Foods Group says it’s splitting its grocery business into a unit for meals and desserts and a division for sauces, nuts, snacks and dressings. Since the new Kraft launched, the company has focused heavily on turbocharging its iconic brands, CEO Tony Vernon says. It will add two standalone business units to focus its brand-building work.