Business
Alkame’s Jam and Jelly Acquisitions Affirmed by US Market Industry Report of A CAGR of 1.7% Forecast and Growth Opportunity
Alkame’s Jam and Jelly Acquisitions Affirmed by US Market Industry Report of A CAGR of 1.7% Forecast and Growth Opportunity.
About this update from Alkame Holdings, Inc.
[{"type":"text","content":"\n LAS VEGAS, Jan. 31, 2022 (GLOBE NEWSWIRE) -- Alkame Holdings, Inc. (OTC PINK: ALKM), a publicly traded diversified holding company, is pleased to announce that its wholly owned subsidiary, West Coast Copacker Inc. recently closed acquisitions of two specialty food brands: Maury Island Farm Jams and Preserves, and Quinn’s Pepper Jellies, have validated the growth opportunity by a market industry report for the US jam, jelly and preserve market. The US jam, jelly, and preserve market is expected to record a CAGR (compound annual growth rate) of 1.7%, during the forecast period 2020-2025 according to Modor Intelligence, a market intelligence and advisory firm. The market is quite stable with a steady growth rate in both value, and volume of product consumption. The main factor for the increasing jam, jelly, and preserves consumption, in the US market, is the consumer preference for more affordable and comfort food items. Maury Island Farms have been produced regionally for close to 20 years. This “local” brand with years of experience has specialized in utilizing non-GMO fruit specifically sourced from the Pacific Northwest, with a tireless dedication to all-natural ingredients in its preserves, jams, and toppings, with no flavorings, syrups, or colorings. Quinn’s Pepper Jellies was founded in the Pacific Northwest by two sisters in 1987, after their shared middle name. Quinn’s has maintained this passion for bringing together unlikely ingredients for decades by focusing these all-natural Pepper Jellies on local Pacific Northwest produce and premium ingredients in a colorful diversity of flavors that are a gourmet delight and include jalapeno, peach habanero, raspberry, cilantro lime, and marionberry. This stable business sector, coupled with steady growth over the next few years, confirms the basis for Alkame and its subsidiaries acquisition of these two long established clean label premium local brands. These products have been solely focused on the Pacific Northwest region only and generating close to a million dollars a year in revenue, providing Alkame an opportunity to expand these brands into new markets and regions with a target production output roughly four times the capacity of the previous manufacturing capabilities. “The increasing demand for convenient clean label foods has boost...