The first day of the 2024 Summer Fancy Food Show kicked off June 23 briskly. While the first day often doesn’t draw the crowds that pack the Javits Convention Center nearly as much as they do on the Monday following, many exhibitors and attendees expressed surprise at how the aisles filled up by midday.
Nancy Kruse, founder of The Kruse Company, kicked off the show’s slate of talks Sunday with her presentation, “State of the Plate 2024: Outlook and Opportunity for Specialty Food” on the Main Stage. Kruse led the audience through the trends she identified as Comfort, Community, Curiosity, Proteins With Pedigrees, Vibrant Vegetables and Premium Finishes.
For comfort, one of the biggest trends is an American staple.
“It’s all about cheese,” Kruse said.
A prime example of this is the industry-shaking debut of Campbell’s Grilled Cheese & Tomato condensed soup, as well as the emergence of versions of the patty melt in restaurants.
Biscuits are on the uptick, she said, especially for the hot trend of daytime cafes that are open for breakfast, brunch and lunch.
Southern-style foods in general are on the rise, she said. Kruse also identified the trend of restaurants serving food on sheet pans, which she expects to expand to homes as well.
Americans are still consuming chicken at record levels, which Kruse expects to continue.
As an aside, Kruse said the use of lavender as an ingredient is something to keep an eye on because consumers are looking for soothing and relaxing flavors.
If there’s one thing that the industry needs to work on with comfort foods, she said, is texture.
Finding community is something that is primal for people, breaking bread together as well as sharing board games. This trend is all about countering the mad world of technology that we exist in.
“Food is analog, tactile and shareable.”
Charcuterie, chicken wings and fondue are three community trends that win for shareability that consumers crave, she said, adding that she hadn’t expected the fondue trend to resurface.
If you’ve paid attention to your friends and culture, you’ll know pickleball is more and more popular than ever, Kruse noted. Foodservice can capitalize on the trend by offering consumers pickle-themed menu items.
For the community trend, Kruse advised high concepts that are still familiar with consumers.
“The higher the technology, the higher the touch,” she said. “These foods are an offset to technology.”
Consumers’ curiosity about global tastes is thriving, Kruse said, including fusion foods.
“Fusion is alive and well,” she said, adding a cautionary note that earlier attempts at fusion led to “con-fusion,” mixing tastes that didn’t complement each other.
“Now it’s about compatible mixing,” she said, using Del Taco’s Shredded Beef Burria Ramen as an outstanding example – adding that burria in general is a hot trend. She also cited Velvet Taco’s WTF menu offerings – a revolving weekly offering of fusions such as the Pot sticker Taco.
The Latin pantry, such as First Watch’s Elote Mexican Street Taco Hashbrowns (noting the embedded definition of elote in the name as an example of appealing to Americans who may not be familiar or able to pronounce elote) the Italian pantry and Asian pantry as other global cuisines consumers are craving. In addition, she said that consumers are seeking global flavors at breakfast to start their days, too.
“Fusion is back,” she said, “although it never really went away. Mashups are huge.”
As far as proteins, Kruse said, Americans are bringing beef back into their diets, although they’re more selective about the beef they choose to eat. Restaurants are wise to exploit the brand and breed of the beef they offer to diners, as well as promoting premium cuts at popular prices.
Consumers also want to know how the cows were raised and sustainability efforts food manufacturers employ. Clean(er) food is important to consumers, she said, using McDonald’s surprising announcement to go from frozen meat to fresh without artificial ingredients in its menu items. Kruse also cited Chick-fil-A’s movement from offering NAE to NAIHM, which the industry took note of.
“The decision to go to NAE (no antibiotics ever) was monumental,” she said.
There was blowback from the industry (not in sales, she pointed out), so the company downgraded to no artificial ingredients important to human medicine.
Kruse advised the foodservice industry to keep an eye on regenerative agriculture, which consumers are watching, too.
“Promote the provenance,” she said, “and clean food claims.”
Mike Kurtz, the innovator of Mike’s Hot Honey who is credited with creating the hot honey craze, is focused on working with restaurants as well as CPGs to use Mike’s Hot Honey – as opposed to expanding the line, which remains as the original Mike’s Hot Honey and Extra Hot Honey.
“There’s so many places a brand can live,” he said.
From Utz potato chips to menus that feature his product, Kurtz said food manufacturers and restaurants are eager to feature Mike’s Hot Honey, letting consumers know the popular brand is included in ingredients.
From its creation as a pizza topper, shareability is in the DNA of Mike’s Hot Honey, he said, another example of how his brand fits with consumer and industry trends.
“It’s something people are moved to share,” Kurtz said. “Honey is, in itself, an ancient gift. It’s something that’s baked into the human existence.”
While vegan and vegetarian diets are more popular these days, they’re still a fraction of overall diets, Kruse said. Flexitarian is a segment that’s growing, she added, which foodservice should keep in mind.
Chick-fil-A’s thoughtful creation of its Cauliflower Sandwich, which takes into consideration flavor and texture, is a good example of a menu item appealing to vegan, vegetarian and flexitarian diners. Some restaurants are making more use of carrots – not just the carrot itself but the whole carrot with the greens – as well as collard greens.
“Try to think outside the crate,” she said.
Finally, she said, the trend toward using premium finishes on familiar foods is booming. French fry consumption is at a record high, she said. Foodservice is responded by topping them with such luxury touches as caviar, white truffles and Wagyu beef. Even Taco Bell has had limited time offers that have included truffles.
Americans are “loving lobster” and “craving caviar,” Kruse said. One Las Vegas restaurant has offered a gold-crusted burger, she said. Kruse stressed the importance of using food-grade gold to follow this trend, not anything from the local craft store.
Over at the Marky’s booth, one of the biggest U.S. purveyors of caviar and other luxe seafood offerings is seeing this resurgence of caviar on Americans’ plates. Once as common as ketchup, caviar moved into the luxury foods when someone realized the marketing value, eventually moving from an expensive food to exclusive due to the rising prices.
However, in recent years – thanks to the rising use of farm-raised sturgeon supplying the caviar – caviar’s popularity is rising. Consumers are more aware of the different kinds of caviar as well as the fact that sturgeon is the only source of caviar, with other fish eggs called roe.
In recent years, as another sign of how caviar is appealing to the masses, Marky’s installed a kiosk at New York City’s Grand Central Station, for commuters to grab a tin on their way to work or home.
Kruse said foodservice should serve its own “reality check” by not going too far into the luxurious touches. For instance, she cited TGI Friday’s steakhouse meatballs as a way of elevating a familiar menu item.
Americans emerging from the starkness of culinary offerings during the pandemic from FOMO (fear of missing out) to YOLO (you only live once), exercising what has been coined as “revenge spending.”
“While they eating out less often,” Kruse said, “they want their money’s worth.”
For more news of interest about the 2024 Summer Fancy Food Show, follow this blog or subscribe to Gourmet News.
DDC Enterprise, Ltd., a leading multi-brand Asian consumer food company, has acquired Omsom, the proud and loud Asian food brand that has quickly garnered a devoted following for its cooking sauces, saucy noodles, and bold cultural commentary.
The acquisition, which consists of a combination of DDC’s cash and stock paid out over four years, is expected to accelerate new product innovation for Omsom, with R&D anticipated to take half the time from idea to aisle. Operational synergies between the two companies will also streamline processes and improve financial metrics. Further, the two companies share a mission and vision, and together with DDC’s expanding portfolio, are poised to become a leading force in the Asian food industry.
“We are delighted to welcome Omsom to DayDayCook. Founders Vanessa and Kim are passionate about Asian cuisine and have created a bold brand that brings genuine flavors right into the homes of consumers. Our presence in the U.S. is rapidly growing with the addition of Omsom to our U.S. family of brands, joining Nona Lim and Yai’s Thai, which we acquired within the past year. Having three notable Asian food brands in our portfolio will create enhanced synergies and resource integration, and make our operations more efficient and profitable. We look forward to collaboration across the three brands and to ensuring even more Asian-inspired and developed products reach more U.S. kitchens in the future,” said DDC founder Norma Chu.
“Omsom has always stood for something much bigger than the two of us. When we launched the company in May 2020, it was with a mission of honoring and celebrating Asian Americana. In the last couple years, our rowdy branding, damn delicious flavors, and unapologetic perspective have illuminated the way – and now, those same values are showing us to our next chapter. They say, ‘If you want to go fast, go alone, but if you want to go far, go with others,’ and that’s what we’re excited to do with DayDayCook,” said Omsom co-founder Kim Pham.
“It all started with a LinkedIn message to Norma, when we first read about DayDayCook’s vision and mission, we knew we had to get in touch immediately. We are thrilled that Omsom, which has been built brick-by-brick with heart and intention, will continue to thrive in partnership with DayDayCook. Omsom has relentlessly centered the multitudes within Asian America – so it’s only fitting that we accelerate our next chapter with another Asian woman-founded and -led business,” said Omsom CEO and co-founder Vanessa Pham.
DayDayCook was founded in 2012 by Chu, who is on a mission to share the joy of Asian cooking culture with the world. Omsom was founded in 2020 by first-generation Vietnamese-American sisters Vanessa and Kim Pham with the goal of bringing restaurant-quality Asian cuisine to American home kitchens.
Originally launched as a direct-to-consumer business, Omsom expanded into retail nationally just two years later. By the end of Q1 2024, grocery channel revenue was up 324% year-over-year, solidifying the team’s focus on retail expansion. The company’s two product lines – Cooking Sauces and Saucy Noodles – have reached 100K customers and 2000+ stores nationwide including Whole Foods Market, Target, Sprouts, and The Fresh Market. Omsom expects significant innovations and continued revenue and retail growth in 2024.
On June 4, 2024, the Compensation Committee of DDC’s Board of Directors granted option awards covering a total of 160,000 shares of DDC’s Class A Ordinary Shares to five new non-executive employees who were formerly employed by Omsom as a part of their employment packages with a wholly-owned subsidiary of DDC. Each award was granted under the terms of DDC’s 2023 Employee Share Option Plan and vests over a four-year period, subject to continued service through each vesting date. Each award was granted as a material inducement to employment in accordance with the NYSE Listed Company Manual Rule 303A.08.
DayDayCook is on a mission to share the joy of Asian cooking culture with the world, offering a suite of accessible and healthy ready-to-eat, ready-to-cook, and ready-to-heat products that cater to the global palate. DayDayCook has evolved from a culinary content authority to a multi-brand powerhouse, curating a broad range of products that champion authenticity, nutrition, and convenience.’ The company’s growing portfolio includes DayDayCook, Nona Lim, Yai’s Thai, MengWei, and Yujia Weng. Visit us.daydaycook.com for more information, or follow the Company on LinkedIn.
Omsom was founded in 2020 by first-generation Vietnamese-American sisters Vanessa and Kim Pham with the goal of reclaiming Asian flavors that have been diluted for far too long. Omsom partners with iconic Asian chefs to craft their cultworthy product lines— Omsom Sauces and Saucy Noodles— bringing restaurant-quality Asian flavors into any home kitchen easily. Its Saucy Noodles – premium instant noodles alongside flavorful, luscious sauces – deliver real-deal Asian flavors in just four minutes. Omsom’s products, thought leadership, and partnerships have had a significant cultural impact, including influencing Whole30’s stance on MSG. The company has also received numerous awards and recognition from CNN, Food & Wine, The Kitchn, Fast Company, NOSH, The New York Times, Vogue, and The Wall Street Journal. For more information, visit www.omsom.com.
For more news of interest to the food and beverage industry, subscribe to Gourmet News.
DDC Enterprise, Ltd., a leading content-driven food consumer brand, has named Malik Sadiq as chief operating officer, effective immediately. Sadiq will spearhead the integration and growth of DayDayCook’s brands globally, including the recent additions of Noma Lin, Yai’s Thai and Omsom.
“Malik joins the DayDayCook leadership team at an important and exciting time as we recently completed our third Asian foods acquisition in the U.S.,” said Norma Chu, founder and CEO. “Malik brings unique experience of driving growth and operational efficiency — both organically and through M&A – and will help the Company efficiently execute on our business plan. We look forward to the impactful contributions he will undoubtedly make to our team as DayDayCook continues its journey to become an Asian food powerhouse.”
Sadiq has more than 25 years of global food and beverage experience with more than 15 years at Tyson Foods. Most recently he was the Cco-CEO and COO of LiveKindly Collective, a high-growth food company operating in 40 countries. Prior to this he was SVP of the International and Export divisions of Tyson Foods, growing revenue to $2 billion over his tenure. Sadiq received his doctorate and master’s in industrial engineering and a bachelor’s in electrical engineering from the University of Arkansas, Fayetteville.
“I am very excited to join DDC and contribute to its strategy of acquiring authentic Asian brands and scaling for growth,” said Sadiq. “DDC is uniquely positioned to drive this strategy because of its Asian origin and heritage. I am excited to bring my years of operating and M&A experience to drive DDCs strategy.”
Founded in 2012, DayDayCook is a leading content-driven consumer brand offering easy and convenient ready-to-heat, ready-to-cook and ready-to-eat Asian food products. The company focuses on innovative and healthy meal solutions with a fast-growing omnichannel sales network in China and the United States, and through a strong online presence globally. The Company builds brand recognition through culinary and lifestyle content across major social media and e-commerce platforms.
For more news of interest to the food and beverage industry, subscribe to Gourmet News.