The strategic decision to increase distribution is largely driven by the ever-growing lactose-free category, which is projected to reach nearly $20 billion in value by 2025.
Hobart Food Prep Equipment’s mixer-grinders are well suited for the high-volume meat processing that takes place in commissary kitchens, said Hasan Amin, product line manager.
According to Nielsen data, the better-for-you beef segment is valued at $4.4 million and has grown by 14% year-over-year, while organic beef has grown at an annual rate of 22%, making it a prime target for the private equity firm.
In Supermarket Perimeter's July issue, we highlighted four innovative products that are new to the fresh perimeter. You can read this story and more in our digital issue.
Consumers have long memories, which means sales and promotions at grocery stores don’t seem like bargains right now because prices are 30% higher than they were five years ago.