Food Business News - July 29, 2014 - (Page 1)

July 29, 2014 FOODBUSINESS NEWS NEWS, MARKETS AND ANALYSIS FOR THE FOOD PROCESSING INDUSTRY Snack innovation boosts PepsiCo PURCHASE, N.Y. - PepsiCo, Inc. hopes its new cappuccino-flavored Lay's potato chips will create enough buzz to drive growth in the second half of the year. The unusual flavor is part of recent promotional efforts to increase on-line interaction with consumers and generate trial of new products. Such innovation and consumer engagement programs helped lift sales during the company's second quarter. "Our top-line growth was driven by strength across most of our largest trademarks with Lay's, Doritos and Cheetos each posting revenue growth in the low- to high-single-digits," said Indra Continued on Page 10 'A new normal is coming to food' Story on Page 12 Weight management focus on satiety any consumers are no longer dieting. Instead, they are opting for a combination of smarter foods, exercise and a healthier lifestyle. They are choosing their calories carefully and want satisfaction in terms of energy, nutrition and sensory qualities. "It is widely believed that the worldwide obesity epidemic is being caused by an imbalance between energy intake," said Cathy Dorko, product manager for active nutrition at DuPont Nutrition & Health, New Century, Kas. "Energy Continued on Page 43 M California drought costing billions hile much of the country is enjoying a mild summer with growing conditions across most of the Corn Belt described as nearly ideal for row crops, California is in the midst of its third driest year on record. Water loss for agriculture is the greatest ever, demand for rationed water is record high and 428,000 irrigated acres have gone unplanted. A study requested by the California Department of Food and Agriculture released W July 15 by the University of California, Davis sheds an alarming light on the crises in the nation's top agricultural state. California governor Jerry Brown declared a drought emergency on Jan. 17, which triggered emergency regulations in some areas and allowed additional state actions. The State Water Resources Control Board has since curtailed diversions for various water-right holders, and local, state and federal water projects have reduced water allocations, many to record lows, the study noted. Unfortunately, the effects of water-right curtailments and reduced water releases for agriculture are not always clear. More than 400,000 acres of cropland is expected to be fallowed in the Central Valley. Because farmers directed their limited water supplies to high-value crops, most of the fallowed area is expected to be feed or annual crops, the study said. "The net water shortage of 1.6 million Continued on Page 28 ®

Table of Contents for the Digital Edition of Food Business News - July 29, 2014

Food Business News - July 29, 2014
Snack innovation boosts PepsiCo
California drought costing billions
Beverage Business News - Weight management focus on satiety
Table of Contents
Web Contents
Editorial - Hedging in coffee a strategy boost
Campbell Soup Company - Morrison: ‘A new normal is coming to food’
Juicing, snack trends inspire innovation at Campbell
Peltz on PepsiCo: ‘There will be action’
Lindt & Sprüngli to acquire Russell Stover Candies
Importance of international markets not lost on General Mills
G.F.S.I. develops guidelines to prevent food fraud
Mints bursting gum’s bubble: Rabobank
Hershey to raise prices due to input cost increases
B&G Foods: ‘Flat is the new up’
Unilever sells Slim-Fast to private equity firm
Agropur expanding Wisconsin plant
Washington - Better records sought
Health and Wellness - Investment, research boost organic category
Ingredient Innovations - Low-fat snacking
Fat reduction studies focus on maltodextrin, protein
New Food Products
Ingredient Market Trends - Food insecurity seen decreasing in 2014, but a challenging decade lies ahead
Ingredient Markets
Supplier Innovations and News
Ad Index
Food Business in the News

Food Business News - July 29, 2014