Snyder’s-Lance is revamping its image to align the company with consumers’ growing interest in healthy snacking. The global snacking market is worth more than $374 billion annually, according to Nielsen, and health and nutrition play a large part in the sector. Forty-five percent of global respondents in Nielsen’s Global Snacking report consider natural ingredients a very important factor in their purchasing choice, while 63% purchase them for nutrition. Snyder’s-Lance is looking to capitalize on that trend with changes in its branding, acquisitions of other snack companies, and with the creation of a new division.
The divestiture of its Private Brands business and the acquisitions of Baptista's Bakery and a majority stake in Late July, were the beginning of the company’s shift in focus to branded snack products that appeal to the health-conscious consumer. Both Late July and Baptista’s Bakery emphasize their better-for-you products. Baptista’s products are baked and low in oil, while Late July’s snacks are made with organic and non-GMO ingredients.
Snyder’s-Lance also debuted a new company logo which features a seed and the phrase “Snacking is our passion.” The company states the image “symbolizes the journey from seed to table” and is indicative of its emphasis on quality ingredients. It also unveiled a new division, Clearview Foods, which is mainly focused on creating new and unique healthy snacks.
The company’s sales for fiscal 2014 increased over 7% compared with the previous year. In a quarterly earnings call, President and CEO Carl E. Lee Jr. said “A growing portion of our revenue comes from ‘better for you’ snacks and that will expand further with the launch of new products in 2015.” So far, Snyder’s-Lance added Pretzel Poppers and Bowties to its lineup.
Sales for Kellogg’s U.S. morning foods unit declined 1.3% in its fiscal third quarter, reported CNBC (Oct. 31). Despite the decline, company officials see improvements on the horizon.read more
Food continues to be teens’ top spending category, remaining at its 24% peak, according Piper Jaffray Companies’ semi-annual Taking Stock With Teens survey. Chick-fil-A is the No. 1 restaurant among the age group, followed By Starbucks, which remains the only publicly traded brand with double-digit mindshare,.read more
Jennette has been with The Food Institute since 2013. As Marketing Director, she is responsible for promoting all Food Institute books, seminars and webinars, as well as writing and editing the Food Institute’s annual publications, such as Food Business Mergers & Acquisitions, The Food Industry Review and The Almanac of the Canning, Freezing, Preserving Industries. Additionally, she writes for and edits the daily news update, Today in Food, and contributes to the weekly Food Institute Report. She has a background in non-profit and environmental marketing, programming and writing, and graduated from Rowan University in 2012 with a degree in Communication Studies.
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