Sunday, November 22, 2009

Capico News of the Week

Cardamom, sweet potato, hibiscus and rose water are among Mintel's flavor trends for 2010. Hibiscus is expected to become more popular in the tea sector and rose water will be incorporated into various ethnic foods. Full Story

Whole Foods Market Inc. will only consider smaller acquisitions that will not attract antitrust scrutiny, according to CEO John Mackey. "Mom-and-pop-type chains will be the type of acquisitions we do in the future. I don't anticipate any large acquisitions," stated the executive. Meanwhile, the company needs to develop a working store model for the UK before it will look to expand in other European countries, according to the executive, reported Bloomberg.com. Full Story

The world's airlines buy about 4.3 million gallons of wine annually, and some spend at least $15 million on wine each year, according to airlines and wine experts. "Service cutbacks and the recession have not affected airlines' wine-buying policies," stated Lori Lynne Brundick, president of Intervine, an airline wine supplier. The airlines claim the wines they serve uphold their reputations and instill brand loyalty in their highest-paying customers, reported USA Today. Full Story

New Product News: Gilroy Foods and Flavors released a range of ready-to-use vegetables, reported Food Navigator USA. Full Story ... The Travel Retail group of Hershey launched a range of travel retail exclusive products including Hershey's Kisses, Hershey's Nuggets chocolates and Reese's and Hershey's Miniatures, reported Food Navigator USA. Full Story

Tavern in the Park will be the new name of Tavern on the Green if New York City does not win its trademark lawsuit against the restaurant's current operators, reported Crain's New York Business. Full Story (Free Registration Required)

Willamette Valley Vineyards will open a facility in McMinnville, OR that will highlight various premium wines and sustainable agricultural practices, reported OregonLive.com. Full Story (Free Registration Required)

Including whey proteins in the batter for fried chicken may reduce the fat of the finished product by up to 30%, claims a study published in the Journal of Food Science, reported Food Navigator. Full Story

The Future Group-owned Pantaloon Retail is looking at acquiring small food companies in India. The company plans to more than double its private label business in foods, reported The Times of India. Full Story

Food and beverage manufacturers are driving sustainability in the supply chain, claims Dr. Lea Borkenhagen, head of Oxfam's Sustainable Livelihoods Strategy. However, they face more risks in catering to demand for ethically-produced products than retailers, reported Food Navigator. Full Story

Long-term moderate drinking decreased the risk of heart disease by up to one-third in men and to a lesser degree in women, according to a study published in Heart. The type of alcohol consumed did not make a difference, reported HealthDay. Full Story

Adding resistant starch to breakfast and lunch meals may reduce the amount of calories consumed over a 24-hour period by about 10%, claims a study published in the British Journal of Nutrition. Consumption of 48 grams of resistant starch intake may also cut the insulin response after a meal, reported Food Navigator. Full Story

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