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Blue Diamond reports impressive sales growth at opening of Sacramento research center |
03.15.2013
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Blue Diamond, a cooperative owned by over half of California's almond growers, has opened the 6,500 square foot Almond Innovation Center, the world's only facility dedicated to designing cutting-edge almond products in Sacramento, California.
Blue Diamond expects to increase new almond product sales growth five-fold over the next five years. Blue Diamond's investment in new snack products broke all sales records in the North American market in 2012. While the company's snack almond business grew 21 percent, the Almond Breeze milk business jumped 21 percent, and chilled Almond Milk sales rose 59 percent. Nut Thins cracker sales rose 28 percent. New snack products introduced early in 2013 include Roasted Coffee, Mocha and Caramel Macchiato flavored almonds, and three fruit-inspired flavors, Raspberry, Blueberry and Strawberry.
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"Global almond product innovation has doubled Blue Diamond revenues in three years to well over $1 billion in sales," said Blue Diamond President and CEO, Mark Jansen. "The robustness of U.S. almond shipments, even with this year's short supply, is directly attributable to new uses for almonds that our cooperative has created."
The 2-billion pound California almond crop is valued at $6 billion and generates nearly 50,000 jobs. New jobs and additional revenue will be returned to almond growing communities as production and value-added products continue to grow. Over 80 percent of the world's supply is grown in California. Almonds are the state's largest food export and the largest specialty crop export in America.
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