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Trends > Emerging Markets

Emerging Markets

Emerging Markets

Fast growing economies such as Brazil, India, Russia and China present big growth prospects for confectioners. Stay on the pulse of multinationals' moves into these markets and keep up to pace with local players here.

Mondelez to invest $24m in Turkish confectionery plant

Mondelez International has said it will invest $24m (€19.3m) to expand its Gebze plant in Turkey, as the company continues its plan to increase productivity and cut costs.

Mondelēz to acquire Vietnamese biscuit leader Kinh Do for $370m

Mondelēz International will acquire a 80% stake in Vietnam’s leading biscuit firm Kinh Do to spur growth in the rising Asia-Pacific market.

Chocolate gloom inspires compound coating boom in Asia and Eastern Europe, says Cargill

Cocoa powder demand for use in compound confectionery coatings is rising rapidly in Asia and Eastern Europe as rising cocoa butter prices up the cost of chocolate manufacturing.

Q3 results

Ülker grows in Turkey, but Iraq conflict eats into export sales

Wholesale price hikes and product downsizing help Ülker grow net profit in Q3, but export volumes shrink due to instability in Iraq.

Live from Gulfood Manufacturing 2014

Cargill Foods launches commercial operation for METNA

Cargill Foods has launched a commercial operation for METNA (Middle East, Turkey & North Africa) to operate under one business sector.

French trade dispute dents Mondelēz Q3 earnings

Mondelēz International third-quarter earnings fell 11% compared to last year due to disputes with French retailers over wholesale pricing changes and 'soft' developed market demand.

Yildiz still lacks 'power brands' after United Biscuits buy: Analyst

Yildiz Holding's acquisition of UK United Biscuits makes it the world's third largest biscuit player, but now it will have to work hard to find its 'power brand' answer to Mondelēz's...

Brazilian confectioners shifting to automated equipment, says Carle&Montanari-OPM

Equipment supplier Carle&Montanari-OPM has opened a Latin America office to capitalize on rising demand as Brazilian confectionery move to automated secondary packaging equipment.

Mondelēz eyes premium Asian exports with largest R&D center in Australia

Mondelēz International has officially opened its Asia-Pacific Chocolate and Confectionery Center of Excellence in Australia, creating a base for the largest food R&D team in the country, according to local...

Third Quarter Results

Hershey lowers full-year forecast after international glitch

Hershey has lowered its full year guidance after a slowdown in Brazil and Mexico and a gross profit margin decline due to higher dairy and cocoa costs.

News in brief

Barry Callebaut to spend $11.5m on Brazilian plant expansion

Barry Callebaut will increase capacity at its factory in Extrema, Minas Gerais in Brazil in anticipation of rising demand in the region.

Cocktail Candy: We're not marketing to kids

Belgian firm Candy Pack says it understands why some people might be "touchy" about the idea of alcohol-themed confectionery, but insists it isn't targeting children for its Cocktail Candy range....

Brazilian biscuit and bread associations merge in ‘basic basket’ tax hope

Brazil’s National Biscuit Industry Association (ANIB) is merging with the country’s Association of Pasta Manufacturers (ABIMA), which also represents the processed bread and industrial cakes sector, to form a new...

Tate & Lyle opens new Chinese facility

Tate and Lyle, which has a £3.1bn turnover, opened its latest polydextrose facility last month in China.

Six turrón ‘nougat’ firms investigated for market rigging in Spain

Spanish authorities have opened disciplinary proceedings against possible anti-competitive practices of half a dozen manufacturers of the country’s traditional almond candy turrón.

Taste prediction model forms bedrock of Cargill’s stevia technology

Cargill, long a leader in stevia technology, says its taste prediction model forms the foundation of its new stevia technology, called viaTech.

Uncertain future for Brazilian cocoa production

Cocoa production in Brazil is expected to fall 15.7% in the next 10 years.

Interactive Map

The new world of chocolate: How is consumption in emerging markets developing?

The emerging BRIC and MINT markets consume less chocolate that developed nations, but levels are rising. Find out which are the standout markets.

EFKO grows confectionery fat sales as multinationals make gains in Russia

Fats and oils supplier EFKO has reported sales growth for its confectionery fats division in H1 as multinational confectioners post sales gains in Russia.

India

Newcomer Rajhans (Desai-Jain) Group eyes leadership in Indian luxury chocolate market

Rajhans (Desai-Jain) Group has made its first foray into the confectionery industry by launching its Schmitten brand in India and it is hoping to become the domestic market leader in premium...

New Horizons

Untapped potential for chocolate makers in rural India, says ValueNotes

Chocolate makers are circling the rural Indian market as it is where the majority of consumers reside and infrastructure and incomes have improved drastically, says an analyst at ValueNotes.

India

Indians getting sweet on chocolate thanks to Cadbury revolution

Largely due to Cadbury’s marketing nous, India’s chocolate market has changed dramatically since the ‘Nineties, with consumers eating more and different varieties, a new report has highlighted.

Norwegians loyal to domestic confectionery brands: Leatherhead

The Norwegian confectionery market is unusual by Western European standards since its domestic brands stand tall with the multinationals, according to a Leatherhead analyst.

Brazil’s cookie industry looks overseas as domestic penetration peaks

Brazil’s cookie industry must look to exports markets as its classic formula of reaching more Brazilian customers is no longer the key to future growth.

Any objections? Protected geo-indication could be on cards for Ecuadorian 'arriba' cocoa

An application to the European Commission for protected geographical indication (PGI) status for ‘cacao arriba’ from Ecuador is now open for public consultation.

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