Focus on innovations and effective product launches have been helping Hormel Foods Corporation ( HRL - Free Report ) boost assortment strength and meet growing snack demand. Progressing along these lines, the company introduced the Hormel pretzel bites and cheese tray — a new addition to the Hormel Gatherings line. This first of its kind product is priced at $6.99-$7.99 and is available for purchase in the deli department across some retailers starting this month. The Hormel pretzel bites and cheese tray consists of four ounces of soft pretzel bites as well as cheddar cheese sauce with a sea salt packet. This easy-to-make product is apt for up to four people. Well, the newly-launched item is an ideal anytime snack for game nights, in-home movie nights and virtual meetings. Moreover, Pretzels are one of the promising snacks in the marketplace. Notably, soft pretzel bites are increasing on restaurant menus in the United States.