Food Business News - June 28, 2016 - (Page 66)

TAKING PART IN WHOLESOME FOOD PRODUCTION... ...AND SO MUCH MORE. We supply the industry with the highest quality * Vitamin/mineral premixes * ÀRXUR[LGDWLRQEOHQGV * ÀRXUPDWXULQJ ingredients * manufacture state of the art micro-ingredient dispensing systems Come visit us at IBIE in booth 1367 REPCO 1835 E North St. Salina, KS 67401 785-825-2181 66 FOODBUSINESS NEWS ® Vega Foods, a maker of plantbased nutrition products, for approximately $550 million. "The overall nutritionals category is a $9 billion category and has been growing double digits for years," Mr. Engles said. "The plant-based segment is underdeveloped in conventional channels, with only a 5% WhiteWave's Earthbound Farm brand set to soar in fresh and frozen PARIS - The challenges WhiteWave Foods' Earthbound Farm business has faced in the past few years have been overshadowed by successes elsewhere within the company. The rapid growth of the plant-based food and beverage categories combined with the acquisitions of Vega and Wallaby Yogurt have given the executives leading Earthbound the breathing room needed to focus the business for future success. Earthbound Farm sales fell 2% to $566 million between fiscal 2014 and 2015. Blaine McPeak, chief operating officer, speaking June 14 at the Deutsche Bank dbAccess Global Consumer Conference taking place in Paris, cited three reasons for the sales decline, most notably challenging weather conditions that affected the supply of organic leafy greens; the exit of some lower margin businesses, including fresh fruit; and the transition to an enterprise resource planning system in the fourth quarter of 2015 negatively impacted shipping efficiencies. "Now, while establishing the right supply chain and the right systems created some short-term sales headwinds, we believe these are the right foundational decisions to support the long-term growth potential of this business," Mr. McPeak said. "Sales grew sequentially in the first quarter of 2016 as we continue to optimize our shipping and customer service levels." Mr. McPeak called the fresh category "one of the fastest growing areas in the store" and added that WhiteWave Foods has a strong foothold in the category with the Earthbound Farm brand. "The category has grown at a compound annual growth rate of 15% since 2011, over two times the rate of the total packaged salad category," he said. "This strong growth has put the organic segment at 23% share of the overall salad category. That's up from 17% in 2011. We continue to grow usage occasions through innovation. And in organic packaged salads, we've launched a new cooking series, various salad mixes, as well as new flavor blends." The new products include cooking vegetable blends, slaw blends and flavorful salad blends. To further extend the businesses growth potential, WhiteWave Foods has pushed the Earthbound brand into the organic frozen category. "The organic frozen category has grown nearly 40% over the last year, and this organic segment continues to have low penetration at just 3% of the total frozen category," Mr. McPeak said. "We plan to leverage WhiteWave's strong commercial capabilities with Earthbound's fresh expertise to generate more innovation and growth for this brand." Products within the organic frozen business include kale, pineapple chunks and a smoothie blend featuring kale and berries. FBN June 28, 2016

Table of Contents for the Digital Edition of Food Business News - June 28, 2016

Food Business News - June 28, 2016
What will Brexit mean for U.K. food and agriculture?
Obesity rate rises as sweetener use declines
Beverage Business News - Protein on trend in R.-T.-D. beverages
Table of Contents
Web Contents
Editorial - Market fragmentation intensifies C.P.G., retail competition
Coca-Cola invests in organic aloe water beverage maker
Dunkin’ Donuts evolves with expansion of beverage portfolio
Philadelphia passes tax on caloric, diet beverages
Post said to be considering combining with Lamb Weston
Teasdale adds to private label portfolio with purchase of Mesa Foods
CVS to expand selection of healthier foods, will add to private label line
Monster moving beyond energy beverages with debut of Mutant, Hydro
Coca-Cola changing its soft drink strategy to focus on ‘shaping choice
McDonald’s to relocate corporate headquarters
Smucker earnings soar on coffee sales, pet food acquisition
A squeeze on pectin
Picking out pectin alternatives
Kellogg launches $100 million venture capital fund
Kellogg adds Pure Organic to Kashi portfolio
TreeHouse Foods profiles the changing private label consumer
Martha Stewart enters meal kit market with delivery subscription service
B&G Foods ready to ‘fight back’ in frozen food aisle
Washington - Audit finds F.D.A. must improve food recall process
Snack Trends - Key trends unveiled at Sweets & Snacks 2016
Crispy, convenient and gluten-free
When gluten-free orders get serious
Company profile - WhiteWave Foods eyeing $3 billion in additional U.S. plant-based foods sales
WhiteWave’s Earthbound Farm brand set to soar in fresh and frozen
Industry Images - Record attendance at 2016 Purchasing Seminar
New Food Products
Ingredient Market Trends - Post-eleventh hour compromise on G.M.O. labeling
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - June 28, 2016