At the meeting, it was shared that during fiscal year 2022 Blue Diamond was able to: •Deliver its share of the California almond industry’s second largest crop of 2.8 billion meat pounds; closely following the record 3.1-billion-pound crop of 2020; •Develop new value-added uses for almonds through ongoing new product development via the Almond Innovation Center (AIC). As a result, AIC delivered $90 million in innovation revenue and 18.9 million pounds of innovation volume for Blue Diamond ; •Launch several new Blue Diamond branded consumer products including Extra Creamy Almond Breeze ® , Almond & Oat Almond Breeze ® (international markets) and new Snack Almonds (Chilé ‘n Lime, Probiotics, Elote, Korean BBQ, and Mash Ups); •Sell 83 million pounds of almonds as part of Blue Diamond ’s Snack Almond line alone, while remaining the No. 1 almondmilk in the plant-based milk category;
•Achieve 17% volume growth compared to the previous year for Almond Breeze ® products in more than 70 countries — via a global network of licensee partners; •Increase Global Ingredient sales from new customer applications of almond butter, almond flour, and almond protein powder; •Open new markets in Uganda, Ghana, Kenya, Bolivia and Argentina, while driving 33% volume growth in Asia. “ Blue Diamond has experienced substantial growth in recent years through thoughtful, smart decisions and actions,” said Dan Cummings, Chairman of the Board, Blue Diamond Growers . “With our focus on innovation, deeply established partnerships, and steadfast commitment to going above and beyond to deliver on consumer and retail demands, I expect this progress to continue well into the future.”
17
NOVEMBER–DECEMBER 2022
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