Prepared Foods - August 2008 - (Page 39)

new product trends market watch c-stores and what Technomic defines as retail meal solutions (RMS)—RTE meals purchased in grocery stores. However, Paul predicts the “lowest growth in the restaurant industry since 1991.” LSRs are expected to grow 3.0% in 2008, a drop from the 4.9% registered in 2007; FSRs will grow 1.0% (down from 2007’s 2.9%), and bars and taverns should maintain their 2.8% growth from 2007. Overall, the 2.1% growth is the lowest since 1991 and barely more than half of 2007’s 4.0% growth. So, is any segment benefitting from these declines? Supermarkets would appear to be set to grow, as Technomic predicts a 7.0% growth in those channels in 2008, up from the 5.7% reported in 2007. Convenience stores and retailers, however, are likewise expected to register declines in growth. Paul explained that increasing food costs are compelling operators to employ a variety of tried-and-true tactics. Some 71% are looking to reduce food waste/spillage; 57% are attempting to improve yield; and 54% are raising menu prices. At the same time, 48% plan to shop more among distributors, while 41% plan switches to lower-priced brands. The Limited Sales Segmentation in the Limited-service Restaurant Sector, in Billions Growth Hamburger Pizza Other Chicken Beverage Mexican Donut Frozen desserts Bakery café Family steak Cafeteria/Buffet All other* Total LSR 2007 $61.6 $28.9 $21.2 $15.9 $15.4 $11.8 $6.9 $6.3 $4.1 $3.6 $3.6 $8.0 $187.3 2006 $58.9 $28.5 $20.1 $15.1 $13.3 $11.1 $6.7 $6.3 $3.6 $3.6 $3.6 $7.7 $178.5 % 4.6% 1.6% 5.7% 4.8% 15.6% 6.3% 2.7% -0.4% 13% -0.1% -0.1% 4.6% 4.6% * All other includes Asian, bagel, barbecue, potato, seafood, snack and other Source: Technomic Information Services THE IN BOX: (CONTINUED) Unilever plans to divest its oils business and plantations in Cote D’Ivoire, as a part of its broader strategy of offloading its non-core assets. The USDA-Agricultural Research Service, Mars and IBM will pool scientific resources to sequence and analyze the entire cocoa genome. The secrets of a healthy life may lie at the bottom of a glass of red wine, but scientists warn the ingredient shows no signs of prolonging life. Drinking coffee after a workout can help refuel muscles and quicken recovery from rigorous exercising. Scientists have found mice with an MS-like condition did not develop symptoms of the disease, if they had the caffeine equivalent of eight cups of coffee a day. General Mills agreed to purchase Humm Foods, makers of Larabar and Larabar Jocalat. Monsanto's vegetable seed company and Landec's food subsidiary entered into a collaboration agreement to develop novel broccoli and cauliflower products. An extract of red yeast rice cuts cancer death rates by two-thirds and heart disease by a third. Michael Green is now vice president of tna Americas, a supplier of turn-key, integrated packaging and processing solutions for food production companies. Mizkan Americas promoted three executives within the company: Dennis Dedmond to senior vice president of marketing and brand management; Mike Smith to senior vice president of sales; and Mark Majewski to senior vice president and chief financial officer. The Wheat Foods Council announced the 2008-2009 executive committee council: Hans Hayden, wheat producer and member of the Idaho Wheat Commission, as board chair; outgoing chair Kathy Wiemer, M.S., R.D., as an officer; Betsy Faga as vice chair; and David Moore as secretary-treasurer. Lonza named Stacy Baca western regional account manager, Food & Nutrition. Attune Foods hired Silvia Cheskes as vice president of marketing. NutraCea developed a proprietary method for stabilizing rice bran, the nutrition-rich outer layer of the brown rice kernel, for use as a food ingredient, nutritional supplement and “enhancer” for processed meat products such as hot dogs, sausage, burgers and chicken nuggets. In addition, NutraCea announced a landmark agreement with a China food distributor to build the largest rice bran refinery in China. The facility will process an estimated 500,000 metric tons of raw rice bran annually for the China market. Mellace Family Brands added Clint Welker to its executive team as director of sales. A new collaboration between the Culinary Institute of America (CIA) Consulting Services Group and The National Food Lab (The NFL) combines product development and commercialization strengths to create “a unique culinary-driven concept development process.” www.PreparedFoods.com ● August 2008 39 http://www.PreparedFoods.com

Table of Contents Feed for the Digital Edition of Prepared Foods - August 2008

Prepared Foods - August 2008 Table of Contents Hitting the Shelves Promoting Craveable Foods and Beverages It’s a Small World MarketWatch Regulations: Safety Dance A Taste of Southeast Asia Flavor Secrets: Asian Five-spice Flavor Secrets: The Well-seasoned Potato On the National Menu To Serve and Protect: Flavor and Nutrition Protection Fat Applications in Transition: Creation of Good vs. Bad Fats A Tasteful Formulation Balance Nutrient Density and Dairy Foods R and D Applications Seminar: Formulation Information R and D Applications: Some Flavors Like it Hot R and D Applications: Prebiotics from a Conifer? R and D Applications: Seeing Red (Foods) R and D Applications: A Probiotic with Survival Skills Abstracts

Prepared Foods - August 2008

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