Philadelphia Cream Cheese Expands Category Leadership With New Plant-Based Innovation
December 06 2022 - 09:00AM
Business Wire
Philadelphia becomes the first mainstream brand
to debut a new plant-based spread
Today, Philadelphia®, the leading cream cheese brand with 69%
share of the category*, is bringing its signature multi-sensorial
experience to the plant-based aisle. Philadelphia Plant-Based
spread features a carefully crafted recipe with simple,
high-quality ingredients, creamy spreadable texture and delicious
taste.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20221206005206/en/
A recipe more than two years in the
making, Philadelphia introduces plant-based spread, bringing its
signature multi-sensorial experience to the plant-based aisle.
(Photo: Business Wire)
Less than half of consumers that try plant-based spreads are
repeat customers,* indicating that current options aren’t meeting
the evolving preferences of cream cheese lovers. A recipe more than
two years in the making, Philadelphia Plant-Based spread marks the
first time a mainstream cream cheese brand is entering the
plant-based market with a recipe that mirrors the delicious taste
and creamy texture of the iconic Philadelphia brand. With this new
offering, the brand hopes to delight the 52% of consumers who want
to add more plant-based foods to their diets.*
“The influx of flexitarian consumers has driven growth within
the plant-based market, which is now more than 20x the size of the
vegan population,” said Robert Scott, President of Research &
Development at The Kraft Heinz Company. “As the brand that has set
the cream cheese standard for 150 years, we realized the current
options weren’t meeting consumer expectations and there was no
trusted leader. Philadelphia Plant-Based spread not only provides a
solution that mirrors the taste and texture of our iconic
Philadelphia brand, but it also reinforces Kraft Heinz’s bet to
bring plant-based offerings to the masses.”
Made with simple ingredients and no added flavors or dyes,
Philadelphia Plant-Based spread is free of dairy, lactose and
gluten. It is currently available in the beloved original cream
cheese flavor Philadelphia fans know and love, at select retailers
in the Southeast U.S. — with additional flavors planned for the
national rollout in summer 2023.
For more information on Philadelphia Plant-Based spread, follow
along on Philadelphia's Instagram and Facebook at
@phillycreamchs.
*According to Philadelphia cream cheese 2021 IRI and Mintel
Data
ABOUT THE KRAFT HEINZ COMPANY
We are driving transformation at The Kraft Heinz Company
(Nasdaq: KHC), inspired by our Purpose, Let’s Make Life Delicious.
Consumers are at the center of everything we do. With 2020 net
sales of approximately $26 billion, we are committed to growing our
iconic and emerging food and beverage brands on a global scale. We
leverage our scale and agility to unleash the full power of Kraft
Heinz across a portfolio of six consumer-driven product platforms.
As global citizens, we’re dedicated to making a sustainable,
ethical impact while helping feed the world in healthy, responsible
ways. Learn more about our journey by visiting
www.kraftheinzcompany.com or following us on LinkedIn and
Twitter.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221206005206/en/
Zeno Group Bethany Stokoski Bethany.Stokoski@zenogroup.com
Kraft Heinz Kate Mitchell kate.mitchell@kraftheinz.com
Kraft Heinz (NASDAQ:KHC)
Historical Stock Chart
From Aug 2023 to Sep 2023
Kraft Heinz (NASDAQ:KHC)
Historical Stock Chart
From Sep 2022 to Sep 2023