Tuesday, July 15, 2014

Vita Coco expands overseas, sells stake to Chinese company

ConAgra pays $93M for Chinese potato processor | Vita Coco expands overseas, sells stake to Chinese company | PepsiCo Americas Beverages innovates with new packaging, flavors
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July 15, 2014
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Company Watch
ConAgra pays $93M for Chinese potato processor
ConAgra Foods has purchased Chinese potato processor TaiMei Potato Industry for $93 million. The acquisition will allow the Lamb Weston unit of ConAgra to produce mashed potatoes and frozen french fries within China to meet growing demand from foodservice operators there. St. Louis Post-Dispatch/The Associated Press (7/14)
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Vita Coco expands overseas, sells stake to Chinese company
Vita Coco coconut water
(Bloomberg/Bloomberg via Getty Images)
All Market, makers of Vita Coco, sold a 25% stake in the company to China's Reignwood Group for $165 million. Reignwood will distribute Vita Coco in gyms and supermarkets in China, where coconut water is an almost unknown beverage. Vita Coco, which was introduced 10 years ago in New York, is now available in a dozen countries with 20% of sales coming from outside the U.S. The Wall Street Journal (tiered subscription model) (7/13)
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PepsiCo Americas Beverages innovates with new packaging, flavors
PepsiCo Americas Beverages, a division of PepsiCo, has doubled its rate of innovation, both in products and packaging, in the last two years, according to Simon Lowden, senior vice president and chief marketing officer. New packaging including 7.5-ounce cans and 12-ounce bottles as well as brand extensions such as Mountain Dew Kickstart and flavor additions like Wild Cherry Pepsi Made With Real Sugar and Mountain Dew Baja Blast have boosted sales. BevIndustry.com (7/11)
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Trends
Report: Instant coffee sees global growth
Instant coffee accounts for more than one-third of retail brewed coffee consumed globally, and sales of instant brews have almost tripled since 2000. Sales approached $31 billion last year and are expected to rise to $35 billion by 2018, according to Euromonitor. Instant coffee is an easy entry point for coffee retailers in markets without a strong coffee-drinking tradition, Euromonitor analyst Dana LaMendola says. The Washington Post (tiered subscription model)/Wonkblog (7/14)
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Baking mixes for kids present opportunity for food makers
Mom and children baking
(NEWSCRED/Marvin Fox)
The recession led to a rise in home baking, and the category of baking mixes has a gap when it comes to healthier options for children, according to Lu Ann Williams, head of innovation for Innova Market Insights. "I think there's a lot of opportunity to make it indulgent, but maybe a little bit more healthy indulgence," she said. FoodNavigator (7/14)
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SmartBrief Originals
Read the latest food and beverage coverage by SmartBrief in SmartBrief Originals:
Corporate Social Responsibility
Consumers say companies should do more for sustainability
Nearly three-quarters of consumers think companies are not living up to their sustainability expectations, according to a recent Accenture survey that covered 20 countries. And two-thirds of CEOs agree that their companies need to do more. "Brands are failing to connect corporate sustainability efforts to the expectations and priorities of their consumers," the report stated. GreenBiz.com (7/15)
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Advertising & Marketing
How Kellogg built its digital strategy team
Kellogg recognized the need for a digital strategy leadership team that would "engage consumers in new and different ways," according to CIO Brian Rice. The team, knowledgeable in both IT and marketing with both departments working closely together, built a database that allows the company to communicate with consumers in more effective ways. CIO.com (7/14)
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ThinkThin campaign says you can feel good about snacking
The thinkThin High Protein Bar is putting $9 million behind its first national campaign from Adams & Partners, which will tell snackers they can have a bar without any guilt. Print, digital and TV ads parallel the message with people getting caught doing naughty things, such as a woman ogling a jogger who turns out to be her son's friend. "There are lots of things to feel guilty about. ThinkThin isn't one of them," says one spot. The New York Times (tiered subscription model) (7/14)
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Retail Spotlight
Mobile retail apps drive in-store interactions
Shoppers' use of mobile applications in stores has almost doubled over the past year, according to CFI Group, and research from Point Inside finds that retailers' use of in-store-mode displays increases interactions with shoppers up to five times. Nearly half of consumers surveyed said they would pay slightly more to shop at a store with advanced mobile capabilities, including checkout, CFI Group reported. MobileCommerceDaily.com (7/15), MediaPost Communications/Research Brief (7/14)
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Health & Wellness
Food impacts body's biological clock
Food has a significant impact on the body's biological clock, and changing what you eat can have an effect on illness and other conditions, according to a new study. Food types and meal times may help reset the circadian clock, such as eating a dinner containing ingredients that improve insulin secretion to ease jet lag. FoodNavigator (7/11)
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GMA News
Get up to speed on thermal processing
The avoidance of foodborne disease outbreak is a renewed focus within the industry, and now is the time for all food and beverage companies to work toward eliminating risks. Don't miss GMA’s intensive Thermal Processing Professional Training Program held Sept. 15-26. This program will provide the intricate, science-based methods to help your organization meet regulatory standards. Register online today!
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SmartQuote
No person was ever honored for what he received. Honor has been the reward for what he gave."
-- Calvin Coolidge,
30th U.S. president
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