Grupo Lala has agreed to acquire 91.99% equity share of Brazilian dairy company Vigor Alimentos S.A., as well as its shareholding in Itambé Alimentos S.A., for US$1.8bn (R$5,725m).
As palates in North America change and acidified foods become more acceptable, space is created, too, for additives such as pectin that can handle specific pH regimes.
Greek yogurt accounts for about 54% of the overall yogurt category in the US, coming a long way from less than 1% of the market nine years ago when Chobani CEO and founder, Hamdi Ulukaya, first brought the Mediterranean dairy food to the US.
Inner Mongolia Yili Industrial Group Co., China’s largest dairy manufacturer by retail sales, has made an $850m bid for Danone-owned Stonyfield Farm, producer of organic and Greek yogurt products.
Dairy showed the largest six-year shipment value increase compared to any other food and beverage segment, according to PMMI’s 2017 Trends in Food Processing Operations report.
Yoplait has been surpassed in the US yogurt market by privately-owned Greek yogurt maker Chobani, with Dannon representing the top yogurt brand in the US with a 34% market share.
Through its Nutritional Foods arm, Japanese dairy giant Morinaga is entering the US dairy market with the launch of its ALOVE aloe vera yogurt, which will debut at the Expo West trade show in Anaheim, CA.
YaÜ Vietnamese yogurt may be the next newcomer to the dairy aisle after the start-up raised more than triple their Kickstarter fundraising goal of $10,000.
Ornua Nutrition Ingredients (ONI), a supplier of nutrition ingredients, and EasiYo, a homemade yogurt brand from New Zealand, have entered into a supply partnership.
While growth in the US yogurt category fell into negative territory in 2016, Chobani's US operation notched up double-digit sales and volume growth last year, driven by a strong performances from Flip and the core cups range and a successful move...
In 2016 15% of new food products launched in Europe employed themes concerning texture combinations – often on well-established product types such as yoghurt. FoodNavigator looks at some of the strongest product categories riding the texture wave into...
