Home > Latest News > Product Development > Boundless secures position as the UK’s No.1 Gut Health Snack.

Boundless secures position as the UK’s No.1 Gut Health Snack.

Kim

8/11/2024 7:04:20 AM

Product Development

-4 min read

Following a recent investment round of £1.5 million, Boundless has secured its position as the UK’s Number One Gut Health Bagged Snack. This successful raise comes from notble industry investors, including Graze co-founder Ben Jones and ex-Head of M&S Food. Despite the challenging landscape for female-led businesses in the UK, Boundless’ latest raise puts Founder & CEO Cathy Moseley in the top 10% of FMCG female founders.

 

Boundless’ growth and dominance in the market is evident in their metrics; with the value of sales up by 110.2% year-on-year and volume up by 171%. The company’s value share in the “Better For You” category is leading at a rate 1.6 times faster than its closest competitor, marking a 58% year-on-year growth. This trajectory has firmly established Boundless as the pioneering leaders of Gut Health within BFY snacking.

 

Alongside the latest investment raise, Boundless’ growth continues further across new foodservice wins with the UK’s largest wholesalers Bidfood, Brakes and Foodbuy, increasing their distribution by over 2000% and becoming the first gut health snacking offering for these foodservice giants.

 

Cathy Moseley, Founder of Boundless, commented, “I’m incredibly proud to announce Boundless as the UK’s number one gut health bagged snack, having contributed to 13% of the “better for you” crisp growth and driving penetration where this key metric is in decline at a category level.  Boundless’ market share is growing faster than category in major retailers at 5.1% vs category at 0.2. With our current trajectory, Boundless is on their way to owning 1% of the Better For You category by the end of the financial year.

Other Articles You Might Like

Stuart

10/27/2023 8:18:12 AM

Halloween marks the return of the "nightmarish" cheese
Ilchester teams up with Morrisons to bring back Nightmare on Market Street Cheddar with smoky chipotle chilli
Product Development 3 min read

Stuart

3/7/2024 11:50:08 AM

H-Pack celebrates Great British Chippy with launch of ‘Great Taste’ range of products
Europe’s packaging one-stop shop, H-Pack Packaging has launched a line of products exclusive to fish and chip shops whic...

Gina

4/30/2024 11:14:45 AM

Ben Lomond Gin partners with FINDRA to celebrate Scotland's adventurous spirit
Ben Lomond Gin, a versatile and balanced Scottish gin, has teamed up with FINDRA, the pioneering female outdoor clothing...
Product Development 4 min read

Kim

2/7/2024 2:26:42 PM

Retailers across Wales gear up for new recycling law set to improve the quality and quantity of recycling.
With just two months to go until the new workplace recycling law comes into effect, retailers across Wales are preparing...
Sustainability 4 min read