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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.

Cocoa in the Congo: Emerging origin for organic chocolate makers

Cocoa production is thriving in the Democratic Republic of Congo, presenting an opportunity for the chocolate industry, say stakeholders working in the country.

African consumers trading up in sugar confectionery

Sugar confectionery value sales in Africa are projected to grow as consumers trade up for medicated sweets and soft gummies.

Local chocolate players remain competitive in West Africa as regional sales set to grow

Retail value sales of chocolate confectionery in West African countries, like Nigeria and Cameroon, have experienced steady growth over the past five years, according to Euromonitor International.

Africa steadily finding its place on the world chocolate map

Chocolate confectionery sales are expected to rise in Africa, but only slightly higher than the global average, according to FoodTrending.

East is eden: Middle East ripe for chocolate growth amid volume declines in the West

Euromonitor International suggests the Middle East offers opportunities for chocolate manufacturers seeking to drive value growth.

PepsiCo Argentina closes Buenos Aires plant and relocates cookies, snacks & soft drinks production

PepsiCo Argentina has closed a plant, which produces cookies, snacks and soft drinks, in Florida, Buenos Aires province, and moved production to Mar del Plata, a five-hour drive away, axing...

Ferrero opens first Asian innovation centre in Singapore

Ferrero has opened its first Asian Innovation Center in Singapore to develop and test new products ‘in a market of strategic importance’.

Jindal Poly Films rumoured to buy European assets of DuPont Teijin Films

India's largest polyester-based packaging film company Jindal Poly Films Ltd (JPFL) is allegedly in talks to buy the European production assets of DuPont Teijin Films (DTF) for an estimated $300m.

Patchi to double manufacturing capacity with new Dubai plant

Patchi has begun work on a new 122,000 square-foot chocolate manufacturing facility in Dubai to serve as a “springboard” into regional and overseas markets when it opens in 18 months.

India

Chocolate to fall under FSSAI standards from 2018

Chocolate manufacturers will have to fall in line with the constraints of food safety and standards regulations after India’s health ministry placed all types of chocolate under the regulator’s purview....

Olam Cocoa to source 100% sustainable beans by 2020

Olam Cocoa has announced it will increase its volume of sustainably sourced cocoa beans by 20% over the next year, and ultimately reach 100% by 2020.

Quarterly earnings

Mondelēz Q1 a ‘solid start’, driven by Oreo, Cadbury, belVita and Ritz

Mondelēz has posted organic growth of 0.6% during Q1, beating the company’s expectation, CEO Irene Rosenfeld said.

India ‘defying the odds’ as a fast growing chocolate confectionery market, Mintel

Mintel has revealed India is “defying the odds” as one of the world’s fastest growing chocolate confectionery markets, while the global market posts slow growth in recent years.

Quarterly Earnings

Hershey posts Q1 growth driven by Reese’s, KitKat, Kisses and other key brands

Hershey has reported total net sales of $1.88bn in Q1, 2017, growing by 2.8% compared to last year.

Korozo Ambalaj flexible packaging to expand internationally

EBRD (the European Bank for Reconstruction and Development) and Esas Holding venture capital firm have acquired a majority stake in Korozo Ambalaj, in Turkey.

Delfi forms JV with Japan’s Yuraku Confectionery in Indonesia

Delfi Limited has formed a joint venture (JV) with the Yuraku Confectionery Company in Indonesia to sell chocolate snack products under the Delfi brand in Indonesia.

Exclusive interview

Bazooka Candy’s president targets double-digit growth through innovation and global expansion

Accelerating innovation for core brands and expanding in international markets will be key strategies for Bazooka, says the company’s president Tony Jacobs.

News in brief

Emerging markets continue to drive growth for Nestlé and Unilever

Industry giants Nestlé and Unilever report steady sales growth driven by emerging markets for first quarter of 2017 and predict continued growth throughout the year.

Our own cocoa buying company in Ghana cuts out middlemen to benefit farmers, says Cargill

Cargill says its recently established licensed buying company (LBC) in Ghana helps cocoa farmers avoid being paid through a third party.

FBIF 2017

Why third and fourth tier cities are crucial for MNC growth: Mondelez China boss

Multinationals striving for growth in China need to better target third and fourth tier cities by improving distribution and building relationships with local retailers.

Radfords Fine Fudge to launch Fairtrade fudge and honeycomb

Radfords Fine Fudge has started a crowdfunding campaign to launch a range of Fairtrade fudge and honeycomb confectionery.

Aldomak to expand globally after BRC certificate

Aldomak says it will expand its portfolio globally after receiving an A-grade certificate from the British Retail Consortium (BRC).

DS Smith, International Paper & Smurfit Kappa in fraud investigation

The Italian Competition Authority (AGCM) has launched an anti-trust investigation into alleged corrugated sheet and packaging fraud in Italy.

China direct

Barry Callebaut targets China’s premium market with ‘refreshed’ range

Chocolate and cocoa supplier Barry Callebaut has increased its number of product lines available in China after seeing sales of its gourmet range doubling over the last four years.

Advances in wearable Smart Glasses will outpace handheld technology

By the end of the year, manufacturers will see ‘transformational’ wearable technology in the consumer market, which will overtake sales of handheld devices, says NSF International.

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