Hormel Foods Corporation announced that it has met its ambitious “Go for $2B by 2012” goal by achieving $2 billion in total sales from new products created since 2000 by the end of fiscal year 2012.
According to international market analyst Euromonitor, consumers are snapping up more Snickers bars than M&M’s, with global sales expected to surge to $3.57 billion in 2012 to capture 1.8% share of the market.
The U.S. organic industry grew by 9.5% overall in 2011 to reach $31.5 billion in sales, and organic food sales now represent 4.2% of all U.S. food sales, up from 4% in 2010.