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Consumers are reigning in spending as recession bites into grocery budgets. The big questions are: Will confectionery be the first items knocked off cost-conscious shoppers’ lists? Or will cheap, edible treats offer comfort when more expensive luxury goods are out of reach? |
18-Feb-2010 - Cost savings and a strategy that fits with chocolate eating habits in the recession have meant for an acceptable full year for AAK, topped off with an especially good Q4.
15-Feb-2010 - 2009 proved a challenging year for the Swiss chocolate industry with manufacturers recording losses for the first time in six years, reports industry body Chocosuisse.
04-Feb-2010 - The second hand confectionery equipment market is buoyant, with strong demand noted in the past 12 months, reports used machinery supplier Ecomec, who added that lack of access to credit within the industry is a predominant factor for the sales hike.
22-Jan-2010 - The drop in demand for premium products in Europe impacted sales for Swiss chocolate maker Lindt & Sprüngli last year and the company expects pressure on margins to continue due to higher input costs.
13-Jan-2010 - The worst of the global economic crisis on chocolate is over but global market volumes will remain flat throughout 2010, predicts Barry Callebaut – which itself is expecting to outperform the market.
21-Dec-2009 - Brands such as Kit Kat and Wispa are performing well but new data shows the UK chocolate confectionery market appears to be taking a hit from the economic downturn
13-Nov-2009 - Chocolate maker Barry Callebaut has reported increased profits and sales volumes for the full 2008/09 fiscal year, despite shrinking global chocolate consumption.
16-Oct-2009 - Nostalgic and ‘retro’ foods have helped drive continued sales value growth in the UK food and beverage market even as the country entered recession, according to a new report from Leatherhead Food Research.
14-Oct-2009 - Cargill has reported a 65 percent drop in earnings for the first quarter of fiscal 2010 from the same period last year, partly due to the company’s investment in phosphate and potash suppliers The Mosaic Company.
09-Oct-2009 - British people spend more money on chocolate than any other Europeans – and sales continue to grow, according to new figures from Mintel.
06-Oct-2009 - Tighter purses are not turning consumers away from ethical shopping with interest in all things sustainable or humane thriving despite the recession, according to market researcher, Packaged Facts.
04-Sep-2009 - Supported by supplier migration, Eastern Europe has gained ground in the global chocolate market as health concerns eat into the Western European share, according to new research.
03-Sep-2009 - Cadbury has insisted that potential strike action by its workforce will not affect chocolate supply, despite claims made by union officials.
30-Jul-2009 - Buoyed by strong second quarter chocolate sales, Cadbury has beaten market expectations for the first half of the year.
23-Jul-2009 - Food and beverage ingredient demand has been ‘stable’ in Tate & Lyle’s Q1, says the company in its interim statement, and the year so far has exceeded expectations.
22-Jul-2009 - Mars is bringing back the Treets chocolate snack in the UK to capitalise on the growing popularity of old classics.
29-Jun-2009 - Confectionery product ranges featuring new flavours, flexibility and variety will help manufacturers grow consumer purchases over the next five years despite economic uncertainty, according to the National Confectioners Association's (NCA) Confectionery Industry Trend Report 2009.
12-Jun-2009 - Food firms can benefit from the downturn by taking advantage of lower advertising and input rates and positioning for recovery, said economic expert at IFT.
28-May-2009 - Cadbury says it has reached an agreement with some of its workforce to close a Barcelona-based gum factory as part of an operational shake up of its operations.
30-Apr-2009 - Confectioners are expected to benefit as shoppers change their behaviour in tough economic times and cut back on necessities for a little indulgence, according to consumer trends research from Mars Chocolate UK.
28-Apr-2009 - Mars is poised for continued growth this year, according to its UK head, as the long-held belief that chocolate is relatively recession proof still rings true in the current climate.
10-Mar-2009 - Further evidence to suggest that when the going gets tough, the tough eat chocolate with upmarket London department store Selfridges claiming chocolate sales are up a colossal 80 per cent on last year's figures.
03-Mar-2009 - Marginal relief for cocoa inputs is in view, with costs for this soft commodity dipping after the soaring 24-year price highs registered last month.
26-Feb-2009 - Evidence that people do turn to chocolate during an economic downturn as number one UK chocolate maker Cadbury reports worldwide global chocolate sales were up 6 per cent in 2008, and the group's British chocolate market share rose by 0.5 percentage points to nearly 30 per cent.
15-Jan-2009 - Growth in the French chocolate confectionery market fell sharply in 2008 but it is forecast to recover this year, helped by sales of premium products, according to Snapshots, a market reports company.