Frozen desserts market expected to fatten to $27.6 billion by 2012
NEW YORK According to a new report released today from market research publisher Packaged Facts, the market for ice cream and frozen deserts is expected to grow by more than $4 billion by 2012 despite fickle consumer tastes and unchanging consumer demand. The report, “The U.S. Market for Ice Cream and Related Frozen Desserts,” projects the market will reach $27.6 billion by 2012.
Dollar sales continue to grow annually, not because of increased American consumption, but due to the population’s willingness to pay more for frozen desserts at the foodservice level as opposed to the retail level. As a result, retail sales are slowing where as foodservice sales are increasing.
Ice cream saw a 0.3 percent decline from 2007 sales, accounting to 59.2 percent of all U.S. frozen dessert sales in 2007. It is likely the sales went to frozen yogurt as consumers gravitate toward healthier frozen dessert indulgence options. Frozen yogurt sales, on the other hand have been experiencing growth with 2007 sales increasing 12 percent as compare to 2006 sales.
General Mills appoints Rick Palmore general counsel
MINNEAPOLIS General Mills on Wednesday appointed Roderick Palmore executive vice president, general counsel and chief compliance and risk management officer, effective Feb. 11, 2008. Palmore will have responsibility for the company’s worldwide legal activities, corporate ethics and compliance, and corporate security.
Palmore most recently served as executive vice president and general counsel at Sara Lee Corporation. He was named to the most recent issue of Inside Counsel magazine list of the “50 Most Influential In-House Counsels,” and had a broad impact on the legal profession through his leadership of “Call To Action,” an initiative he helped launch three years ago to improve the minority representation and mobility within law firms providing services to major corporations.
Palmore succeeds Siri Marshall, who retired effective Jan. 1, 2008. Marshall joined General Mills as senior vice president, general counsel and secretary in 1994, guiding the company’s worldwide legal activities. In addition to serving as the company’s general counsel and corporate secretary, Marshall also served as chief governance and compliance officer.
Necco introduces new phrases on Valentine heart candy
NEW YORK New England Confectionary Co. on Wednesday anounced that its Sweethearts Conversation Hearts will include new weather- and nature-themed phrases.
The sayings “highlight the exitement and upredictability of the day-to-day change of weather and people’s love lives,” said Lory Zimbalatti, Necco marketing manager, in a statement.
Included are such phrases as, “Melt My Heart,” “Heat Wave,” “Get My Drift” and “Nature Lover.”
The Revere, Mass.-based company has been manufacturing Sweethearts Conversation hearts since 1866, and in the 1990s began introducing different themes.
Necco is being sold to a group of investors led by American Capital Strategies under a deal announced Dec. 28. Terms of the sale were not disclosed.