Demand for gourmet chocolate truffles dipped during the economic downturn a decade ago, sending Cindy and Dave Blomquist looking for other treats to revive their candy shop in downtown Hastings.
Cindy experimented with an old family recipe, her mother Edna's caramel corn, and the result was good — no, it was great.
The Blomquists hit the right note at the right time and, today, their Grandma Edna's ready-to-eat popcorn is sold in dozens of stores around the Twin Cities. "It took off like a shot," Dave Blomquist said. "We were printing labels with Microsoft Publisher to get [them] on bags as quickly as possible."
Across the country, countless entrepreneurs emerged in recent years to join bigger producers and fill grocery shelves with both standard and eccentric flavors of popcorn, like chili jalapeño, ghee and Himalayan pink salt. Ready-to-eat popcorn serves a growing appetite for nutritious snacks.
One of the biggest successes in the new wave of popcorn is another Minnesota company: Angie's Boomchickapop, which started in a North Mankato garage in 2001 and was purchased last year by Chicago-based ConAgra for $250 million.
Angie's Boomchickapop is the third-most popular popcorn brand in U.S. by sales, according to IRI, a Chicago-based market research firm. The company sold more than $104.5 million worth of popcorn in the year that ended in February, trailing only Smartfood and Skinny Pop.
When it announced the acquisition, ConAgra said Boomchickapop would help modernize its more traditional food portfolio, calling the company a leader in "better-for-you snacking." The company declined interview requests.
Fast and wholesome
Consumers are increasingly replacing meals with snacks as convenience continues to be an attribute shoppers value in their everyday lives. But consumers are also striving to eat more healthful foods. This has created a huge opportunity for food marketers to develop products that are both fast and wholesome.