Kraft Heinz’s recent quarterly earnings report posted year-over-year organic volume declines of 7.1% for the period. One potential culprit: the brand’s iconic Mac & Cheese brand is among their weakest performers, per management.
Conagra is reportedly exploring the sale of its Chef Boyardee brand, a once-dominant player now struggling amid shifting consumer preferences for healthier options, as many similar legacy brands face limited growth prospects.
The tough economic environment lately seems concentrated among lower-income consumers. Executives at Campbell and McCormick have pointed to particular weakness with that group.
The latest Food Institute Fast Break news podcast touches on Kraft Heinz’s possible sale of the Oscar Mayer brand.
CPG producers are veganizing macaroni and cheese by removing dairy ingredients, adding gluten-free pasta and, in some cases, boosting the nutritional value of the popular comfort food.
Startups are leveraging human digestion and technology to bring sugar elimination innovations to market — from enzymes that convert sugar into fiber to sugar “sponges” that activate after they are consumed. The zero-sugar food and …
Reports continue to show that consumers place a high premium on convenience, even in the face of inflation, and Kraft Heinz is betting that kids’ snacks are no exception. The multinational food company is expanding …
Plant-based creamer has ascended to become the third largest plant-based category – as new product releases have highlighted.
New product launches from Maxwell House, Yough!, and Philadelphia signal important firsts for each of the brands. Designed to be convenient, better-for-you, and plant-based, these new offerings are indicative of the trends defining the food industry right now.
In the face of inflation, the U.S. consumer has shown impressive resilience. As a result, branded food manufacturers posted strong pricing-driven profit growth in 2022, and stocks in the sector rose sharply even in a …
Chicago is reclaiming its role as a national leader in food production and access. But it needs more help from the city’s leadership, according to one industry insider.
With price hikes easing and food company earnings strong, it appears resilient consumers aren’t going anywhere – yet.
Nestle SA recently announced that only 30% of its portfolio is considered healthy after conducting a self-assessment using the Health Star Rating (HSR) system. The rating test also showed that a third of Nestle’s sales …
In the U.S., inflation has been running above 5% since the middle of 2021. For packaged foods players, input cost increases have been even higher. Yet, at least so far, even the companies on the …
Amidst the booming cultured dairy market, major food manufacturers are taking plant-based cream cheese to the next level.
Demand for plant-based condiments is spreading in the U.S., and The Kraft Heinz Not Company is zeroing in on plant-based mayo. In late October, Kraft Heinz and NotCo unveiled their first collaborative offerings — plant-based cheese …
More major CPG companies are playing in plant-based, flagging the alt-protein category as a potential catalyst for growth. But industrywide, the depth of that value is not easily measured in broad strokes. “When you factor …
Nearly eight in 10 Americans expect inflation to persist over the next six months—and they’re probably right. Half even anticipate it to increase “a lot,” while 78% expect interest rates to rise, according to a …
The food industry took major hits throughout the pandemic. In the aftermath, internal and external wage disparities continue to exacerbate labor issues industrywide. In 2020, median food industry employee compensation was $33,392, down 0.7% year …
Among the changes forced by COVID-19, the typical consumer lunch hour has shifted to in-home dining. And consumer packaged goods (CPG) companies are betting that relocation is a trend that’s here to stay. In fact, …
The COVID-19 pandemic has turned the world upside down, but that hasn’t stopped the global consumption of roughly 2.25 billion cups of coffee per day. What has certainly changed during this 2020 crisis is how …
Kraft Heinz plans to cut $2 billion in costs over five years, reported The Wall Street Journal (Sept. 15). The company will be making cuts more strategically than in the past, according to CEO Miguel …
