Food Business News - May 22, 2012 - (Page 1)

FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY May 22, 2012 ® PepsiCo moving from new products to ‘innovation’ NEW YORK — Executives with PepsiCo, Inc. speaking at the Goldman Sachs Consumer Products Symposium in New York on May 10 expressed optimism that stepped-up product innovation holds potential for incremental growth. In March, PepsiCo, through its Frito-Lay brand, launched Doritos Jacked, tortilla chips that are marketed as being bigger, bolder and thicker. The chips are about twice the size of regular Doritos, have more flavored powder, and have a more substantial crunch. The company also in late March introduced Pepsi Next, which contains 15 grams of sugar in a 12-oz can, or about 60% Continued on Page 10 I.O.M. promotes obesity prevention Story on Page 36 INSIDE Diges Digestive health moves beyond yogurt move he idea dairy products may help consumers improve their digestive health has found some traction in the United States during the past five years due primarily to the marketing of yogurt products containing probiotics. A question remains as to whether that success will migrate from the retail yogurt case to other dairy products, and even beyond the dairy department. The application of a new type of culture Continued on Page 61 T General Mills c.f.o. cites potential in yogurt, cereal, bars, meals and ice cream Company sees five key categories driving market share LONDON — General Mills, Inc. envisions “terrific growth prospects” from the five global categories of ready-to-eat cereal, super premium ice cream, convenient meals, snack bars and yogurt, said Don Mulligan, executive vice-president and chief financial officer for the Minneapolisbased company. In a May 15 presentation at the Barclays Capital America Select Franchise Conference in London, Mr. Mulligan outlined some of the growth prospects for the five businesses, which account for more than 60% of General Mills’ worldwide sales. The company’s newest global platform, yogurt, received a boost earlier this month when General Mills announced it would sell Yoplait yogurt products in Canada beginning this September. Mr. Mulligan said General Mills will consider opportunities to reacquire the Yoplait license in additional markets. Although the United States is a developed market in an economic sense, Mr. Mulligan said it’s still a developing market for yogurt. “In the U.S., the category’s only about 35 years old and it’s the emergence of new market segments that drives growth for the category,” he said. “Greek yogurt is the Continued on Page 26

Table of Contents for the Digital Edition of Food Business News - May 22, 2012

Food Business News - May 22, 2012
PepsiCo moving from new products to ‘innovation’
General Mills c.f.o. cites potential in yogurt, cereal, bars, meals and ice cream
Dairy Business News - Digestive health moves beyond yogurt
Table of Contents
Web Contents
Editorial - Why not more spending at low rates
Price increases lead TreeHouse income higher
Oscar Mayer simplifies with Selects line extension
Jack in the Box promotes Leonard Comma to president
Food and beverage C.P.I. increases 0.2% in April
Smucker lowers coffee prices
ConAgra closes on Odom’s Tennessee Pride acquisition
Dole Food conducting strategic business review
Private equity firm creates premium dessert company
General Mills acquires Indian spice mix portfolio
Green Mountain financial forecast fails to meet expectations
Weak demand drives Pinnacle earnings lower
Beef Products Inc. to close three plants permanently
Former Hostess c.e.o. to lead Diamond Foods
Domino’s offers pizza crust for gluten-sensitive people
Trace back central to new U.S.D.A. food safety initiative
Targeted innovation to drive product introductions
U.S.D.A.: Eating healthy not necessarily expensive
Monster Beverage invests in international expansion
Michael Foods returns to profitability
Survey affirms consumer interest in biotechnology
Washington - I.O.M. pushes for progress in obesity prevention
Market Insight - Tart cherry crop a 'disaster' after Michigan freeze
Ingredient Innovations - Planting protein
New Product Innovations - In search of innovation to boost juice market
I.F.T. Preview - I.F.T. is Las Vegas bound
Dairy Business News - Friendly’s introduces ice cream pizza
Dairy Business News - Benelact Dairy adds reduced-cholesterol products
Dairy Business News - Yogurt, enhanced milks top I.D.D.B.A.'s dairy trends
Dairy Business News - ‘Most innovative dairy products’ honored
Dairy Business News - Friendly’s hires chief marketing officer
Dairy Business News - Ultima Foods enters pact with Yoplait for Canada
Dairy Business News - Wonka expands into ice cream aisle
Dairy Business News - Dean Foods earnings rise on cost control measures
Dairy Business News - Ice cream, frozen dessert market at $25.1 billion in 2011
Digestive Health - Digestive health moves beyond yogurt
New Food Products
Ingredient Market Trends
Ingredient Markets
Supplier Innovations and News
Ad Index

Food Business News - May 22, 2012