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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.

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.

Will the WTO end the Brazilian-Argentinian confectionery trade war?

A number of players in Brazil’s chocolate and confectionery sector have seen exports to Argentina plunge by up to 80% in the past three years due to Argentina’s restrictive import...

Brazilian premium choc market to grow 26% by 2020 as middle class buys in

Brand power and ingredient quality are the two principal factors that define a premium chocolate in the Brazilian market and the middle class wants more of it, according to the...

DISPATCHES FROM GLOBAL FOOD SAFETY, MADRID

Ferrero: Local food safety knowledge needed as business expands

Local contacts are vital for food safety when expanding into new markets, according to Ferrero.

UAE set for torrent of new entrants as chocolate market excels

The United Arab Emirates chocolate market is one of the fastest growing chocolate markets across the globe as big players such as Mars and Nestlé up their investment and others...

News in brief

AAK investing in new edible oils factory in eastern China

Edible oils major AAK will make a significant investment in China for a speciality and semi-speciality edible oils factory in Zhangjiagang, Jiangsu province. 

Fairtrade certified goods on the up in producer countries

Consumers in producer countries are increasingly interested in Fairtrade certified products as a means of supporting their domestic economy, according to Fairtrade International’s annual report.

Russia bans Ukraine confectionery imports

Russian authorities have imposed an import ban on confectionery produced in Ukraine.

Nestlé enters traditional trade channels in Singapore with DKSH

Nestlé has extended its partnership with expansion services firm DKSH to bring confectionery brands such as Kit Kat, Milo Confectionery and Uncle Toby’s to traditional trade channels in Singapore.

News in brief

United Biscuits invests $33m in India operation

UK-based United Biscuits will up its investment in India from £30m ($49m) to £50m ($82m).

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