Food Business News - July 15, 2014 - (Page 1)

July 15, 2014 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Why does this man want you to eat insects? ADM betting billions on flavor category DECATUR, ILL. - The addition of Wild Flavors will give the Archer Daniels Midland Co. greater access to the European marketplace and to the beverage category. In addition, it will add a key element to its product development portfolio - taste. "Taste is king," declared Patricia Woertz, chairman and chief executive officer of ADM, in a July 7 conference call with financial analysts to discuss the proposed acquisition. "It remains the biggest driver of food and beverage buying decisions, even more so than price. So with this acquisition of Wild Flavors, we are adding taste to that Continued on Page 16 Managing the mouthfeel of dairy products reamy, rich, smooth ... these are qualities consumers expect from dairy foods. At the same time, they want lower fat, reduced sugar, convenient packaging, extended shelf life and more. Specialized formulations, along with processing and distribution, may all take a toll on product texture, which in turn influences a product's mouthfeel. This is why texture has become a focal point during the early stages of product development. Most consumers don't think about a Continued on Page 46 C Story on Page 28 Bumper corn, soybean crops on the way ey U.S. Department of Agriculture data for the season to date were released June 30 in the form of annual Acreage and quarterly Grain Stocks reports. And if the planted and harvested area numbers hold true, along with at least average weather for the rest of the growing season, the United States should expect record-large corn and soybean crops in K 2014. The spring planted wheat classes also are expected to fare well, while much of the winter wheat crop now being harvested has struggled all season. The key to bumper corn and soybean crops, especially yields, always is weather, and those prospects look favorable. Midseason ratings from the U.S.D.A. suggest mostly good to excellent crop conditions that, assuming near normal weather during the rest of the growing season, should translate into a bumper fall harvest. David Salmon, president of Weather Derivatives, an energy and agricultural weather consultant in Belton., Mo., said he sees "nothing that could happen" from a weather standpoint that could hurt corn production prospects going forward. "The weather probably gets a little better," Mr. Salmon said. He expects the rain to taper and sunshine to increase, both typical Continued on Page 34 ®

Table of Contents for the Digital Edition of Food Business News - July 15, 2014

Food Business News - July 15, 2014
ADM betting billions on flavor category
Bumper corn, soybean crops on the way
Dairy Business News - Managing the mouthfeel of dairy products
Table of Contents
Web Contents
Editorial - Food as medicine trend gaining momentum
Bob Evans trying to capitalize on chicken
Protein, gluten-free products coming from General Mills
Mars accelerating health and wellness strategy
Path cleared for Tyson to acquire Hillshire Brands
Nestle sells Juicy Juice business to private equity firm
Five profiles for protein-rich product development
Hormel adding muscle to its Specialty Foods business
Major C.P.G. manufacturers having trouble getting noticed
CVS launches better-for-you snack line
Kroger makes move to bolster e-commerce presence
Raising the bar on sports nutrition
Making insects inviting to eat
What’s for dinner?
The case for insects
Washington - 'Nano' ingredients
Health and Wellness - Cost, ‘cleanliness’ and flavor innovation
Ingredient Innovations - Masking protein’s undesirable flavors
Highlights and Photos from I.F.T. 2014
New Food Products
Ingredient Market Trends - Spring wheat production forecast 6% higher than in 2013
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - July 15, 2014