Food Business News - October 23, 2012 - (Page 24)

Global Greek yogurt introductions accelerate A trend that started in the U.S. extends into Europe DUIVEN, THE NETHERLANDS — New product development in Greek yogurt and Greek-style yogurts comprised nearly 8% of global yogurt introductions during the 12-month period between June 2011 and June 2012, according to the market research firm Innova Market Insights. The trend started in North America and continues to have the most significant impact in that region of the world. Introductions of Greek and Greekstyle yogurts in the United States made up 29% of the sector’s new product development efforts, according to Innova Market Insights. The U.S. numbers compared with more modest but still significant levels of over 15% in Australasia and nearly 10% in Western Europe. Continuing growth for the product has been attributed to its health qualities, combined with its thick and creamy texture. As competition has increased, the market has seen an increasing range of formats and flavor options. New products tend to feature probiotics and to come in a range of fat contents, commonly featuring whole milk, 2% fat milk and non-fat milk varieties. Traditional plain and honey flavor profiles have been joined by a range of fruit and other flavor options, including lines giving an American spin with the use of U.S.-centric flavors, such as blueberry and key lime pie, Innova said. Fage Dairy Industry SA, Athens, Greece, pioneered the market with its Total brand of products, which are available in many international markets. But there have been many market entrants, both branded and private label, as well as rising levels of new product activity. In the United States, for example, Chobani, Inc., New 24 FOODBUSINESS NEWS ® October 23, 2012

Table of Contents for the Digital Edition of Food Business News - October 23, 2012

Food Business News - October 23, 2012
Private label penetration forecast to grow in U.S.
Softer demand slows rate of Nestle sales growth
Drought’s impact becomes clearer
Table of Contents
Web Contents
Editorial - Food issues dampened before election
Culver acquisition boosts B&G third-quarter income
Foreign exchange rate cuts into McDonald’s earnings
Structural changes cut into PepsiCo sales in third quarter
Legislation proposed to track antibiotic use on farms
Dean Foods posts preliminary WhiteWave-Alpro results
California poultry processor files for Chapter 11 protection
Peapod testing virtual grocery stores in the Northeast
Shell egg prices push Cal-Maine income up sharply
ConAgra to close pork processing plant
Cereal Partners Worldwide to reduce sugar, sodium
Frozen food sales projected to remain sluggish
New food safety effort targets consumers
ConAgra Foods looks to heighten focus on nutrition addition
Cholesterol profile of U.S. adults improving
Food and beverage C.P.I. increases in September
Strong China results boost Yum! earnings
Global Greek yogurt introductions accelerate
Sunland recall reverberates throughout the industry
JBS USA has option to acquire XL Foods
Washington - F.D.A. issues guidance for food facility registration
Sports Nutrition - Broadening the appeal for sports nutrition products
Ingredient Innovations - Ushering in the next generation
Convenience Store Trends - On-the-go gourmet
Beverage Business News - Looking for a Pepsi rebound
Old Orchard debuts frozen sweet tea line
Red Bull to add fruit-flavored energy drinks
Lawsuit takes aim at New York’s 16-oz beverage rule
Coca-Cola profit climbs on volume growth
Beverage industry embraces calorie counts on vending machines
Journal report links sugary beverages to obesity
Tingyi partnership poised for flight
Beverage still tops at Pepsi...barely
Beverage Trends - An (energy) shot in the arm
New Food Products
Ingredient Market Trends - CME Group to acquire the K.C.B.T
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - October 23, 2012