J.M. Smucker officially raises coffee prices
ORRVILLE, Ohio — J.M. Smucker officially has increased the list price for several of its coffee products.
As previously reported by Drug Store News in February, the company announced that the price boost was driven by sustained increases in green coffee costs. Coffee products sold under the Folgers, Dunkin’ Donuts, Millstone and Folgers Gourmet Selections brand names were impacted by an average of 11%.
J.M. Smucker added that it holds a license for the Dunkin’ Donuts brand and sells the brand-name packaged coffee products across various retail channels, not including Dunkin’ Donuts restaurants.
Mintel: Growth peppered into sauces, marinades market
CHICAGO — The sauces and marinades market has experienced a 20% upswing in U.S. retail sales between 2005 and 2010, and is expected to increase an additional 19% by 2015.
According to a new report by Mintel, the cooking sauces and marinades market is divided into five segments — dry sauces and other wet sauces are the largest, with each capturing a little more than 26% of the market share. Ethnic sauces, barbecue sauces and refrigerated/frozen sauces followed with 19%, 18% and 10%, respectively. The gain could be attributed to the fact that more people are preparing meals at home.
"With more people staying in and preparing meals at home, we are not surprised to see this category increase," Mintel senior analyst David Browne said. "However, this sector may see some challenges in the next few years with people starting to eat out more, higher ingredient prices deterring purchases, and easy-to-prepare convenience foods like frozen entrees and preseasoned meats increasing in the marketplace."
Additional findings included:
83% of adults who cook/prepare meals at home said they use sauces/marinades or dry seasonings to prepare a meal at home;
Store-bought marinades are most popular, with nearly three-quarters (74%) of home cooks using them, while 51% of cooks use homemade sauces where they combine their own ingredients;
Among home cooks, 52% are preparing more meals at home; and
64% said they enjoy experimenting with new recipes.
AriZona cans to tout Rexam packaging
CHICAGO — Iced tea brand AriZona has updated its packaging mix to include 12-packs of its 11.5-oz. cans.
The company said its ready-to-drink beverages will feature packaging by Rexam to help the company further expand into the mass market.
"We are pleased to provide our consumers with even more ways to enjoy their favorite tea beverage," AriZona Beverages chairman Don Vultaggio said. "Our continued partnership with Rexam allows us to expand our packaging portfolio to include 11.5-oz. cans, making it even easier to store and consume AriZona Iced Tea at home or on the go."
AriZona Iced Tea in 11.5-oz. cans currently is available nationwide.