Food Union, a global dairy production and distribution group, is seeking to change the ice cream landscape across Northern Europe by harnessing insights from sensory and behavioral R&D to bring new ice cream flavors to market.
The company has prepared over 100 novel products for the upcoming summer season that feature exclusive flavors, textures, and nutritional benefits targeting consumers across the Baltics, Scandinavia and Eastern Europe.
“We have built R&D deep into our company’s DNA and have ambitions to test and invent new products while upholding the highest standards of taste, quality, and nutritional value,” says Normunds Staņēvičs, CEO of Food Union, Europe. “We prioritize sensory innovation and behavioral science to identify what consumers demand when disruptive changes have increased the need for joy, comfort, and nutrition from trusted brands. Consumer-centered innovation will always be at the core of our product strategy and business model.”
Food Union produces ice cream in Estonia, Latvia, Lithuania and Denmark and the group holds a strong market position in Norway, Romania, Russia and Belarus. The Food Union Group’s shareholders include its founder and global head Andrey Beskhmelnitsky; the Hong Kong-based investment company Meridian Capital Limited; and one of Asia’s largest private capital firms, PAG. They became Food Union shareholders in 2015 and 2018 to finance the construction of two dairy plants in China and facilitate the company’s dynamic expansion into the Chinese market.
Food Union is showcasing the following five key trends in 2020 products:
By: Elizabeth Green
Source: Food Ingredients First
After eight years with Nestlé, François-Xavier Roger, executive vice president and chief financial officer (CFO), has decided to leave the company to pursue new professional challenges, making way for finance boss Anna Manz. Meanwhile, Unilever announced that Graeme Pitkethly, CFO, will retire by the end of May 2024, and the hunt is on for his successor.
International spirits company Bacardi Limited has announced the appointment of Alicia Enciso to its board of directors. Enciso joins with more than 30 years of experience with multinational Fortune 100 Companies in the food and beverage sector with roles as general manager, president, chief marketing officer and e-business officer.
According to Innova Market Insights, when it comes to beverages, consumers are willing to pay more for what they value most, despite rising inflation. Additionally, consumers want brands that respond to their core values and have the benefits they seek, such as sustainability and functional ingredients.