Date: Thu, 18 Dec 1997 06:30:04 GMT Server: Apache/1.1.3 Content-type: text/html <font Size=+2>Galaxy </font> Foods - Industry Overview




Low fat, fat free, sugar free and nutraceutical (healthy, therapeutic foods) products are likely the only food categories that today promise good growth prospects for companies comprising the Food Processing Industry in the mature U.S. market. Eating these type foods has practically become a national pastime.

Years ago, before low fat and fat free foods became part of the grocery lexicon we know today, any food item that smacked of diet or low calories was consigned to a rather small section within even the largest supermarkets. The food items found were usually made by a limited number of food processors, who intended to specialize in that category. In the past, the "diet" section did not just cater to weight-loss dieters, but also to those who were under doctor's orders to cut back fat, cholesterol or salt.

As we entered the Sixties, President John F. Kennedy put his imprint on physical education for children, and later, when Weight Watchers clubs started coming to the fore, consumer awareness of obesity began to take off. However, there were few food choices available in diet foods.

Today, no matter where you look in the supermarkets, low fat, fat free, light and sugar free products are found. The items in these categories are in every processed food group. In fact, you will see these labels on packaging of foods which are naturally sugar-free, fat-free or low in fat, even though the manufacturer did not have to expend additional time or money to develop a new, healthier product.

The growth of this product category is so significant the U.S. Food and Drug Administration has stepped in and issued regulations stipulating the terms a foodmaker must use to label products "fat free", "low fat", or "light". The FDA also put into place a new, easier to read food label that specifies fat and cholesterol levels as well as sugar, protein, carbohydrates and fiber. And, according to recent studies, most Americans read labels for the fat content.

The number of foods comprising the low fat and fat free categories are expected to rise significantly. Going forward, we look for improvements in taste and texture. Particularly bright, is the future for nutritional products made from soy. Medical research has proven soy proteins reduce the risk of cancer and heart disease. Food companies are clearly quite excited about the prospects of this new and lucrative niche. These products should have broad appeal especially with a maturing American population.

Galaxy Foods has over twenty five years of research and development behind its healthy cheese products. The Company has done what no other company has been able to do - successfully achieve the combination of great tasting products with all natural ingredients, either low or no fat, with no cholesterol and no lactose. Additionally, Galaxy has products made from soy proteins (organic tofu), products made with organic brown rice and dairy free products - three niche product lines that should continue to grow significantly for many years to come.

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