The packaged food industry is under renewed pressure as Kraft Heinz Co. $KHC slashed its full-year forecast for both organic sales and profit. Rising prices and economic headwinds linked to recent U.S. tariffs have dampened consumer appetite for snacks and meal kits—once considered reliable growth segments.

International food giant Kraft Heinz $KHC has teamed up with investment bank Houlihan Lokey $HLI to explore the sale of its Italian baby food brand, Plasmon. As discussions intensify, industry insiders are eager to understand the motivations behind this move and what it may mean for the company and the broader market.