Peanuts took a serious beating in the late 2000s, as two major recalls devastated the industry. In 2007, Peter Pan brand peanut butter was recalled for being contaminated with salmonella, which cost ConAgra around $78 million. Just one year later, Peanut Corporation of America issued a recall of their products that were linked to 8 deaths and hundreds of sick people.
Peanut Corporation of America
All of the Peanut Corp. products were infected with salmonella, which were incorporated into a number of different foods. More than 3,200 different products were recalled, and the company ended up filing for bankruptcy. As a result, consumers began to avoid all peanut prodcts, which cost the industry an estimated $1 billion.