Food Business News - June 21, 2011 - (Page 44)

Dairy Business News General Mills sees ‘robust’ growth opportunities in global yogurt category Continued from Page 1 Consumer Conference in Paris. “We are very excited about the yogurt category and its prospects for growth,” Mr. Mulligan said. “With $65 billion in annual sales, the global yogurt category is one of the largest and most attractive food categories in the world. Consumer demand is growing in response to increased interest in foods that emphasize nutrition, convenience, flavor variety and value, and yogurt delivers against each one of these attributes.” Innovations such as portable yogurt in a tube, yogurt with targeted health benefits and Greek yogurt have helped propel U.S. yogurt sales above $4 billion. Mr. Mulligan said General Mills, which generates more than 30% of retail category yogurt sales in the United States through the Yoplait brand, now is looking forward to expanding beyond the United States, a step it will take once its acquisition of a controlling interest in the international Yoplait operating company and 50% stake in the worldwide Yoplait trademarks from PAI Partners and Sodiaal is completed in the first quarter of fiscal 2012. In doing so, Mr. Mulligan said General Mills will look to make its mark in many markets around the world where yogurt consumption is quite low, including India and Indonesia, where per capita yogurt consumption is below 1 kg, and Russia and China, where per capita consumption is less than 4 kg. “We see robust opportunities ahead in the global yogurt category,” he said. “We are excited to continue our long-term partnership with Sodiaal and work with the talented management team that’s operating this business. Our plan is to drive accelerated growth with the Yoplait brand in existing markets and expand into new markets around the globe.” Yoplait has wholly-owned operations in several countries, with the largest businesses in France, the United Kingdom and Canada. Currently 26 franchisees license the Yoplait trademark. DBN 44 FOODBUSINESS NEWS ® June 21, 2011

Table of Contents for the Digital Edition of Food Business News - June 21, 2011

Food Business News - June 21, 2011
C.D.C. report fi nds increase in salmonella infections
General Mills sees ‘robust’ growth opportunities in global yogurt category
Following Jimmy
Web Contents
Editorial - German E.coli outbreak underscores need to fund F.S.M.A.
ConAgra acquires Marie Callender’s trademarks
Kraft investing to eradicate malnutrition
Perkins & Marie Callender’s fi les for bankruptcy
Snack food sales reach $64 billion in 2010, may top $77 billion by 2015
Recession seen triggering sharp drop in food product introductions
Cargill opens Latin American innovation center
John Bilbrey to helm at Hershey
ICL Performance to acquire Cosmocel Quimica
Sugar bull
Smithfield terminates Campofrio bid
Omega-3 food, beverage market grows 11%
Roark Capital ups presence in food industry
Calavo earnings decline due to higher costs
Mountaire Farms acquiring bankrupt poultry company
Diamond Foods returns to profi tability in third quarter
Nestle water efforts recognized
C.D.C. report points to increase in salmonella infections
Consumers await full impact of higher food prices
A difficult disappearing act
Innovation honored by the I.F.T.
Mintel: Functional foods ‘on life support’
Allergen labeling guidance needed
Creating a defi nition of sustainable nutrition
German E. coli outbreak may lead to changes
Chronic inflammation: The next opportunity?
ConAgra Mills unveils food safety system for flour
Finding fiber everywhere
Spicy fl avors moving beyond heat
Dairy Business News
Commission clears Lactalis acquisition of Parmalat
New texture system replaces milk fat in dairy products
Researchers target sodium redution in cheese
General Mills sees ‘robust’ growth opportunities in global yogurt category
Saputo fiscal year earnings rise 18%
New Danisco system targets artisan ice cream
Researchers target sodium reduction in cheese
Single-serve licensing
Quiznos adds three concepts to menu
Flax USA introduces Flaxmilk
Johnsonville Sausage adds chicken varieties
General Mills adds brownies to Fiber One line
Farley’s & Sathers updates Tree Top line
Ingredient Market Trends
Senate vote to end ethanol support seen as symbolic
Ingredient Markets
New container may hold two compatible products
Solbar names president of U.S. business
Sensient launches naturally-sourced colors in dry state
Comax develops fl avors for energy drinks
Puratos launches bake-stable chocolate fi llings
DSM completes U.S. innovation center
Sea salt assists in sodium reduction
Ad Index
Food Business in the News

Food Business News - June 21, 2011