World snack foods market expected to reach $278.7 billion by 2010
SAN JOSE, Calif. The global snack foods market should hit $278.7 billion in annual sales by the year 2010, says a new report by Global Industry Analysts.
Experts say snacking trends are on the rise due to busier lifestyles and increased awareness about healthy living. They say such packaging as single-serve or bite-sized packs, resealable snack containers and ready-to-eat items has become a driving variable for commercial success.
Health-conscious snackers are paying more and more attention to low fat, low-calorie, organic and vitamin- and mineral-fortified snacks and “carefree” snackers are demanding more options for flavors to meet their cravings, they say.
The report also says that globalization of brands and products has helped consumers in the developing world catch up to the West. Asia Pacific, Eastern Europe and Latin America all present opportunities for more growth in the world snack foods market, they say.
LIV Natural to appear on Whole Foods, Kings Super Markets shelves
PRINCETON, N.J. More East Coast retailers will carry LIV Natural, an all-natural energy and sports drink, the company said today.
Ritorna Natural, the maker of LIV Natural, announced that several more grocery store chains, including D’Agostino, Kings Super Markets and Whole Foods, will carry the fruit-flavored sports beverage.
LIV Natural was already stocked in about half a dozen other grocery chains in the Northeast.
LIV Natural is available in berry, citrus passion, lemon and orange flavors. All four flavors are offered in 12 ounces and 20 ounces. LIV Natural retails for about $1.29 to $1.99 for the 20-ounce bottle.
Nestle announces plans to expand frozen foods plant
SOLON, Ohio Nestle Prepared Foods Co. announced today plans to expand its frozen foods manufacturing plant in Jonesboro, Ark.
The proposed expansion will cost more than $60 million and bring about 200 news jobs to Jonesboro.
A 50,000-square-foot addition to the frozen food facility will allow enough space for the installation of a new production line and new bakery to produce Stouffer’s and Lean Cuisine brand frozen pizzas.
Executives at Nestle said the current growth of the company is largely due to the successes of the Stouffer’s and Lean Cuisine brands—sales leaders in the frozen foods industry.