Frozen foods have been feeling the heat lately, largely due to a shift in consumer preferences to fresh and refrigerated foods. But the industry is fighting back, with a flurry of new-product activity that match up with the qualities consumers are looking for from all kinds of foods, says market research publisher, Packaged Facts, in the report Frozen Foods in the U.S.: Hot Meals, Sides, and Snacks, 6th Edition.
Recent product development and positioning in frozen foods reflect current overall food trends, like clean labels, international and regional flavors, and special dietary preferences, as well as products intended as innovative offerings to encourage people to eat more vegetables.
The Green Giant brand, and the Green Giant himself, are good examples of how frozen food marketers are getting back on track. The brand changed hands in November 2015, when B&G Foods purchased it from General Mills for $765 million.
B&G quickly breathed new life into the iconic brand, which had been around since 1928 and was recognized by around 90% of U.S. consumers. In less than a year it was rolling out a series of new Green Giant frozen products, including:
- Veggie Tots, a "kid-friendly, mom-approved alternative to potato tots and French fries, are filled with vegetables such as cauliflower or broccoli instead of potatoes.
- Riced Veggies, made from 100% vegetables and with no sauce or seasoning, are positioned as alternatives to traditional rice with 70% to 85% fewer calories per serving than prepared white rice.
- Mashed Cauliflower, an alternative to the typical potato side dish with 40% to 45% fewer calories than the leading brand of prepared mashed potatoes.
Plus, Roasted Veggies, offering the taste of roasted vegetables "without the hassle of roasting and cleaning up."
The new Green Giant frozen vegetable product lines under B&G Foods' auspices deliver a fresh take on yesterday's side dishes with the purpose of helping Americans "swap in" more vegetables. To this end, Veggie Tots and Mashed Cauliflower can be swapped in for potatoes, and Riced Veggies for white rice.The new product launch was supported with a $30 million "The Giant Awakens" media campaign that featured an updated Green Giant.
source: finance.yahoo.com