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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
RetailMars

These candy companies have a surprising new strategy

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
Down Arrow Button Icon
May 21, 2015, 2:24 PM ET
Photograph by Scott Olson — Getty Images

Candy companies are jumping on the health food bandwagon. Yes, really.

Mars Chocolate North America and Hershey both plan to introduce snack bars for health-conscious consumers, according to Ad Age.

The two companies unveiled their new bars at the Sweets and Snacks Expo this week in Chicago. Mars and Hershey are the biggest players in the US confectionary market with 25% market share each, Ad Age said. The new snack bars will feature fruit, nuts, dark chocolate and, allegedly, lower calories.

With the new bars, the two companies will compete against each another as well as against Kind, a successful snack bar start-up.

Mars will reportedly debut its Goodnessknows bars in stores in August. Hershey’s Brookside bars are just now starting to reach store shelves.

The push into snack bars comes amid a broader shift by the food industry to make their products healthier, or at least appear healthier. Fast-food chains are increasingly selling lower calorie menu items and meat produced without hormones.

For more on how large food companies have been singing a healthier tune recently, check out Beth Kowitt’s Fortune feature “The war on big food.”

About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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