Frozen novelties is a $4.9 billion annual business. Sales were up 4% but unit sales rose only 2.2% in the 52 weeks ended Feb. 19, 2017, according to IRI, a Chicago-based market research firm.
New York-based siggi’s, maker of Icelandic-style yogurt, introduced three flavors of single-serve, whole-milk, drinkable yogurts: vanilla, strawberry and blueberry.
Unit sales for refrigerated kefir products and shelf-stable yogurt drinks both see double-digit increases, while other cultured dairy segments are struggling.
Consumers are guzzling the drinkable cultured dairy options — sales for refrigerated kefir products and shelf-stable yogurt drinks are on the rise. Sales for sour cream are also up. Meanwhile, sales for regular yogurt and cream cheese have dropped.
The lender CoBank reports that dairy farmers are increasing herd size. Private label organic milk and other products will create growth opportunities for dairy processors.
May 3, 2017
Despite the current excess supply environment, rising demand points to a bright future for the U.S. organic milk industry.
The founders of JonnyPops print inspirational messages on the wooden sticks of their clean-label ice cream novelties. They have a social mission, too: support treatment for substance abuse.
Sargento adds sweet varieties to its snack pack line of Balanced Breaks. The varieties include cheese and nuts paired with chocolate and dried cranberries.