Hormel Foods Corp (Hormel Foods) develops, processes, and distributes a wide range of food products. The company sells nuts, meat, and other food products through a variety of channels of distribution including U.S. retail, U.S. foodservice, and international.

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The R&D arm of Hormel Foods focuses on upgrading existing brands and expanding into new branded items. It also focuses on developing delicious and affordable food, enhancing safety, reducing environmental effects, and encouraging its inspired team. The company holds 41 US issued and seven foreign patents. In FY2022, the company incurred expenses of US$34.7 million on R&D, which as a percentage of revenue, stood at 0.3%.