Milling & Baking News Corporate Profiles - October 2012 - (Page 48)

Dairy Ice cream sales rebound, Greek yogurt surges U.S. dairy farmers struggle with high feed prices D emand for dairy products in the Mintel. “Price is more important than frozen novelties, according to Mintel. New product development will play a United States has shown strength, brand, quality and health information, with Greek yogurt still the star but which makes it difﬁcult for brands to key role in the success of the ice cream ice cream posting solid dollar gains as break away from a price promotion market in the years ahead, Mr. Frank noted, with new ﬂavor proﬁles and well. Meanwhile, U.S. dairy farmers’ ingredients, better-for-you produphill battle with high feed prices ucts and new packaging concepts that prompted herd culling and may % change % change instrumental. limit milk supplies in coming months from from The most important claims conappears to be stabilizing. Dollar sales year ago Unit sales year ago sumers look for when buying froAccording to data from Mintel, $4,811,320,000 8.6% 3,976,482,000 -2.3 zen treats are reduced fat (38%), retail sales of ice cream and frozen Data for 52 weeks ended Aug. 12, 2012 reduced sugar (38%) and reduced novelties in the United States were Total U.S. - Supermarkets, Drugstores and Mass Merchandisers excluding Wal-Mart calories (36%), according to Min$10.7 billion in 2011, up 4.1% Source: SymphonyIRI tel. Growing rapidly in popularity from 2010 and emerging from two years of struggling sales. Growth of an- strategy, but does give private label prod- is gluten-free and dairy-free products, with 14% and 15%, respectively, of reucts a major opportunity for growth.” other 4% was expected in 2012. Ninety-four per cent of people said they spondents saying those claims are “very “Aside from the ﬂavor of frozen treats, price is the key factor in a consumer’s base their decision on ﬂavor, 83% look or somewhat important,” according to decision on what to purchase,” said John at price and 72% look for a sale or pro- Mintel research. Serving size of frozen treats was called N. Frank, food and drink analyst with motion when buying ice cream or other Yogurt category LEADING LEADING frozen yogurt vendors 1 2 3 4 5 6 7 8 9 Dollar sales Dreyer’s Grand Ice Cream Holdings $46,273,890 Ben & Jerry’s Homemade, Inc. $33,396,160 Kemps L.L.C. $24,764,040 Turtle Mountain, L.L.C. $23,054,260 Turkey Hill Dairy $9,871,266 Wells’ Dairy $8,920,393 HP Hood, L.L.C. $7,466,019 Stonyﬁeld Farm, Inc. $3,589,597 Blue Bell Creameries, Inc. $3,232,565 Private label $54,598,210 Total $239,378,000 % change from year ago -15.9% 60.2% 41.3% 13.9% -1.3% 9.9% 11.4% 25.4% 0.3% 21.3% 13.8% frozen yogurt brands 1 2 3 4 5 6 7 8 9 Dollar sales Ben & Jerry’s FroYo $22,007,400 Dreyer’s Edy’s Slow Churned $18,767,230 Kemps $15,683,840 Häagen-Dazs $13,035,660 Ben & Jerry’s $11,388,760 Dreyer’s Edy’s Slow Churned Rich & Creamy $9,997,272 Turkey Hill $9,871,266 Wells’ Blue Bunny $8,920,393 So Delicious $8,504,027 Private label $54,598,210 Total $239,378,000 % change from year ago 5.6% -15.0% 58.2% -22.2% NA -10.5% -0.1% 9.9% 508.9% 21.3% 13.8% Data for 52 weeks ended Aug. 12, 2012 Total U.S. - Supermarkets, Drugstores and Mass Merchandisers excluding Wal-Mart Source: SymphonyIRI 48 \ October 2012 Milling & Baking News • Food Business News • Baking & Snack • Meat & Poultry Corporate Proﬁles

Table of Contents for the Digital Edition of Milling & Baking News Corporate Profiles - October 2012

Milling & Baking News Corporate Profiles - October 2012