/ About / Mission & Values / Innovation

Innovation Drives Our Success

SPAM factory production

For more than 120 years, Hormel Foods has satisfied appetites of people around the world with a variety of foods that are high in quality, value driven and simply delicious. We are constantly enhancing our product offerings while growing and empowering our people to help us explore new ways to satisfy consumer tastes.

We continue to invest heavily in our brands, increase value-added offerings and make acquisitions that fit our balanced business model and strengthen our position as a market leader. Building upon our heritage of innovation and quality, we enhance our consumers’ meal experiences by making Hormel Foods products the favorite part of any eating occasion.

Innovation in Action

The following are just a few examples of our commitment to innovation:

  • In 2012, we announced that we met our ambitious “Go for $2B by 2012” goal by achieving $2 billion in total sales from new products created since 2000 by the end of fiscal year 2012.
  • We opened our Idea and Innovation Center in China, a facility devoted to creating innovative new products for Chinese consumers.
  • We formalized our new product development process and established a new product development team.