Kraft Heinz Bets $600 Million On Innovation Led By Consumers
Article excerpt
By Shelley E. Kohan, Senior Contributor. Kraft Heinz is undergoing a significant transformation under new leadership, investing $600 million into innovation, R&D, and marketing to become more consumer-centric. A key outcome is the new lactose-free Philadelphia cream cheese, developed over two years to taste and cost exactly like the original, without added preservatives. This product targets millions of lactose-intolerant Americans and those avoiding lactose by choice, reflecting the company's commitment to meeting evolving consumer needs without compromise. Kraft Heinz prioritizes understanding why consumers leave categories, then extends the trust of established brands into new offerings, such as zero-sugar Jell-O, rather than creating new ones. This strategy aims to leverage existing brand credibility to drive growth in a changing market. Kraft Heinz spent two years, and refused to charge a premium, solving a problem most of the food industry ignores: an estimated 30 to 50 million Americans who love cream cheese but cannot digest lactose. The result is a lactose-free version of Philadelphia cream cheese that costs exactly what the original does, contains no added preservatives, flavors or dyes, and tastes like real dairy cream. The launch is just one of the first visible outputs of a broader $600 million investment the company is making under new leadership. When CEO...
Keep reading with a free account
The rest of this article, and every signal for Kraft Heinz, is in your free account.
Extracted from this sentence
Recently appointed to a new role, Jerome Drolet, President of Taste Elevation for Kraft Heinz, is excited about the roadmap for the company.
