We launched over 400 new items in 2021.
Producing some of the most trusted and well-known food products in the world inspires us every day.
We believe good food should be available to everyone – food that is affordable, safe, nutritious and delicious. Throughout the COVID-19 pandemic, we continued to produce food to help feed the world while also advancing our sodium-reduction, clean-label and innovation efforts. We also continued to diversify our portfolio of products to offer consumers a wide range of options to meet their needs.
In June 2021, we acquired the Planters® snack nuts business. The acquisition included the Planters®, NUT-rition®, Planters® Cheez Balls and Corn Nuts® brands, and complements our other snacking brands such as Hormel Gatherings®, Columbus®, Justin’s®, SKIPPY®, Herdez® and WHOLLY®.
20 BY 30 CHALLENGE GOALS:
As part of our 20 By 30 Challenge, we are striving to achieve the following goals by 2030:
- Continue to offer high-quality, safe, affordable and convenient products that meet a wide range of consumer preferences and needs.
- Continue our clean-label initiative and efforts to reduce added sugars and sodium in our products and increase desirable ingredients to nourish a diverse population.
- Achieve 15% of sales from new products each year.*
These ambitions help support UN Sustainable Development Goals 2, 3 and 12.
*Based on net sales for new items launched within the previous three years and the projected sales for items scheduled to launch in the next two years, divided by total reported sales for the year.