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The risks JM Smucker took as one of the first CPG companies to announce sweeping price increases in the face of inflation earlier this year are paying off as the company’s sales grew high single digits with “every business outperforming our expectations” in the second quarter, allowing it to raise its outlook for fiscal ’22, according to CEO Mark Smucker.
GoodPop Frozen Pops is targeting a growing consumer segment frequenting the frozen novelties aisle in search for products that can serve as a permissably indulgent snack or treat.
Protein snacks company IWON Organics recently closed a $1m financing round from friends and family, helping to fuel the brand's evolution into becoming an organic legume-based foods company with products that span across salty snacks, cereal, and granola (to start), says CEO and founder Mark Samuel.
Virginia-based Nutriati – which has developed a patented process yielding highly functional pulse proteins and flours with potential to unlock new opportunities in plant-based meat, dairy, gluten-free bakery and snacks – has struck a five-year global partnership with Tate & Lyle, which will distribute Nutriati's ‘Artesa’ chickpea protein and flour.
CaPao is introducing consumers to an underused part of the cocoa plant, the cacao fruit (the raw, white pulp surrounding the cocoa beans), with its range of 'cacaofruit' bites and quinoa squares.