U.S. potato chip industry to continue growth, says data research firm
The potato chip industry in the U.S. is anticipated to grow from 2021 to 2028. According to Data Bridge Market Research, the market is projected to expand at a CAGR (Compound Annual Growth Rate) of 4.2% from 2021 to 2028, reaching $12.361 billion by 2028.
Increasing demand for ready-to-eat snacks as a result of a busy lifestyle, as well as the availability of various varieties of potato chips, will likely fuel market development.
Jack Link’s and Frito-Lay Partner for Brand Launch
The two companies have jointly introduced Jack Link’s Doritos Spicy Sweet Chili and Flamin’ Hot Original beef jerky and meat sticks.
Kettle Brand releases limited-edition Special Sauce Chips
The LTO flavor brings a one-of-a-kind combination of sweet tang and light heat into a crunchy kettle-cooked chip.
Utz Brands Reports First Quarter 2023 Results
Utz Brands, Inc., a leading U.S. manufacturer of branded salty snacks, reported financial results for the Company’s fiscal first quarter ended April 2, 2023. “Our business momentum continued as we delivered year-over-year Adjusted Gross Margin expansion, double-digit Adjusted EBITDA growth, and 4% Organic Net Sales growth even as we lapped 21% comparable growth in the prior year,” said Howard Friedman, Chief Executive Officer of Utz. “We remain well-positioned to deliver strong performance for the full year, as our Salty Snack category remains resilient, and we continue to execute against our key portfolio optimization, geographic expansion, and productivity strategies.”
New Frito-Lay Distribution Center Opens in W. Virginia
Frito-Lay opened a new distribution center in Scott Depot, W.Va., on May 9. The company said the $16 million facility (along with its more than 100 associates) will not only receive and distribute snacks that are made and packaged in Charlotte, Wooster and Lynchburg but also create at least 25 new jobs in the company, with more positions to likely open up through the end of this financial year. The 70,000-square-foot distribution center includes 35 loading docks and is four times larger than the previous center in Poca, WV.
Jackson's Debuts Single-Serve Multipack - Salty, crunchy, satisfying—as a consumer, what more could you want from a potato chip?
Meeting shoppers’ needs for convenience, Jackson’s is rolling out its newest multipack. The chip maker recently released a single-serve 6-pack of its number one selling flavor: Jackson’s Sea Salt Sweet Potato Chips made with Avocado Oil. “While we’ve always produced 1.5 oz and 5 oz multipack and variety pack options at Jackson’s, we’ve noticed a significant increase in interest from our retailers that are leaning more into the single-serve 1 oz packaging,” Andy Malloy, President of Sales and Marketing, commented.
For Utz Brands, Inc., the next leg of the growth story may be how quickly the company can expand west. In a May 16 presentation at the Goldman Sachs Global Staples Forum in New York, Howard A. Friedman, chief executive officer of Utz, identified westward expansion as key to the Hanover, Pa.-based snack manufacturer’s future growth
Chipping In: Mister Bee Backs USO Awards Dinner in Washington, D.C.
Mister Bee Potato Chips Co. of Parkersburg was a sponsor of the USO Awards Dinner on March 23 at The Anthem in Washington, D.C. Among those attending were Mary Anne Ketelsen, president of Mister Bee, Rob Graham, general manager of the Parkersburg-based potato chip maker, and Christian Welch of the U.S. Air Force, a relative of Ketelsen’s.
FRITOS® BECOMES PRESENTING SPONSOR FOR SFC'S THE CATCH ON CBS
Sport Fishing Championship (SFC), the governing body of saltwater tournament fishing, today announced Fritos®, the versatile and "Down for Everything™" corn chip from Frito-Lay®, as presenting sponsor of The Catch, SFC's made-for-TV competition pairing its top tournament anglers with superstars from the NFL. The event takes place off the shores of Miami Beach and the famed Fontainebleau Resort and will be broadcast live on CBS April 15 from 1-3 p.m. ET.
PeaTos Introduces Two All-New Puffs Varieties
PeaTos continues to shake up the salty snacking category by expanding upon its’ existing line of award-winning chips and curls with the introduction of PeaTos Puffs in two new bold flavor varieties. “Snackers love PeaTos because they offer the same great taste and crunch of the classic snacks that America grew up on, but without all the scary artificial ingredients,” said PeaTos founder Nick Desai.
Campbell Reports Second-Quarter Fiscal 2023 Results
Campbell Soup Company reported results for its second-quarter fiscal 2023 ended January 29, 2023. “The momentum of our business continued as we delivered double-digit sales and earnings per share growth for a second consecutive quarter. While the top line benefited from favorable net price realization, we also continued to see strong brand health. This demonstrates our powerful connection with consumers, especially as they turn to our products for the value they need to navigate the current economic environment,” said Campbell's President and CEO, Mark Clouse.
Utz Brands Building for the Future
A period of “prolonged hyper growth” drove sales at Utz Brands Inc. in fiscal 2022, a year Howard A. Friedman, chief executive officer, described as one of “gradual recovery and one where we exceeded our original financial activities, while also building for the future.” He added, “In 2022, we drove market share gains across our largest channel, the grocery channel, and across our largest subcategory, potato chips,” during a March 2 conference call with analysts.“
BAKED Lay's® and Subway® Debut New Footlong Crisp To Celebrate National Potato Chip Day
First it was the footlong sandwich, then the footlong cookie, and now – the BAKED Lay's® Footlong! Today, BAKED Lay's® announced its latest collaboration with Subway, revealing its first-ever 12-inch crisp just in time for National Potato Chip Day. This new crunchy creation will be available only on Tuesday, March 14, exclusively at a Subway restaurant in Frisco, Texas. Everything is bigger in Texas, making it the perfect place for Lay's and Subway to showcase the BAKED Lay's® Footlong. "Surprising our fans with unexpected flavor combinations and unique culinary creations is what we do best," said Scott Finlow, Chief Marketing Officer at PepsiCo Foodservice.
BETTER MADE SNACK FOODS CELEBRATES THE 170TH ANNIVERSARY OF POTATO CHIPS ON NATIONAL POTATO CHIP DAY, MARCH 14TH
Better Made Snack Foods – still made fresh daily in Detroit – is celebrating the 170th anniversary of potato chips on National Potato Chip Day, Tuesday, March 14th. Better Made is Michigan’s favorite potato chip! It’s a snack that remains the largest selling segment of the global salty snack market with sales over $32.2B in 2021 and projected sales if $39B by 2027.
“Better Made potato chips have been a fresh, great-tasting snack food for over 90 years,” says Better Made President, Dave Jones. “We have a phenomenal fanbase here in Detroit, and our fanbase continues to spread across the country."
Utz Brands Reports Fourth Quarter and Full Year 2022 Results
Utz Brands, Inc., a leading U.S. manufacturer of branded salty snacks, reported financial results for the Company’s fiscal fourth quarter and full year ended January 1, 2023. “I’m proud of our team’s execution amidst a challenging environment to deliver strong full-year results that exceeded the outlook we set at the beginning of 2022. Our Utz associates did an exceptional job delivering those results while building for an even brighter future,” said Howard Friedman, Chief Executive Officer of Utz. “Looking ahead to 2023, we are well-positioned for another year of sales and Adjusted EBITDA growth, while we continue to make investments in our people, brands, selling infrastructure, and supply chain capabilities. I’m thrilled to be leading Utz at such an exciting time in our growth journey, and I look forward to building on our strong 100-year foundation.”
Lay's Launches New Brand Platform "No Lay's, No Game" with Global Football Icon Thierry Henry in celebration of UEFA Champions League Tournament
Watching football with your friends is good, but watching football with friends and Lay's is even better. To celebrate the countdown to crunch time in the 2022-2023 UEFA Champions League (UCL) tournament, Lay's brought global football icon Thierry Henry to the doorsteps of Barcelona's most dedicated football fans to announce the "No Lay's No Game" platform – a campaign that surprises fans and confirms that the football watching experience is not only elevated but simply unthinkable without Lay's.
The PepsiCo Foundation and Doritos® SOLID BLACK® Invest in 16 Nonprofit Leaders for Black Changemakers Program
The PepsiCo Foundation and Doritos SOLID BLACK today announced 16 Black nonprofit leaders selected for the 2023 Black Changemakers program, a program developed to uplift Black community leaders and amplify their bold voices to showcase the positive impact they are making.
"Many Black community and non-profit leaders face roadblocks in gaining access to capital to start, sustain and/or scale up their work. In partnership with Doritos SOLID BLACK, the Black Nonprofit Changemakers program, seeks to narrow that gap and provide participants with the assets they need to not only survive but to adapt and thrive," said C.D. Glin, President of the PepsiCo Foundation and Global Head of Philanthropy for PepsiCo.
PopCorners® First Super Bowl Campaign Reimagines "Breaking Bad" TV Series to Break Into Something Good™ - the Wholesome Snacking Business
PopCorners® Popped-Corn Snack's first Super Bowl commercial revives the most critically acclaimed television show of all time, "Breaking Bad," 10 years after its beloved characters left the airwaves. "Bringing PopCorners to the Super Bowl stage for the first time is a tremendous moment for a brand on the rise," said Brett O'Brien, chief marketing officer at Frito-Lay North America.
DORITOS® UNITES TRIO OF MUSIC SUPERSTARS TO 'TRY ANOTHER ANGLE' AT SUPER BOWL LVII
Music legend Elton John joins Jack Harlow and Missy Elliott in Super Bowl spot for new Doritos® Sweet & Tangy BBQ. Doritos is embracing the triangle – the shape and the under-appreciated musical instrument – in its Super Bowl return, encouraging fans to TRY ANOTHER ANGLE. The TV commercial, released today, spotlights Jack Harlow struggling to find originality for his next track. Drawing inspiration from the shape of his favorite snack – Doritos Sweet & Tangy BBQ – Jack transforms his music with the mesmerizing tune of a triangle instrument and effectively turns the music industry upside down. Joined in the spot by music icons Missy Elliott and Elton John, Harlow unleashes triangle mania
Despite higher product costs, PepsiCo reports positive sales and earnings as consumers spend on snacks.
PepsiCo reported an 11% increase in sales last quarter despite prices rising 15%. PepsiCo produces Doritos, Cheetos, and Lays chips and said it expects further growth this year despite a nervous market, reported The Wall Street Journal.