Emerging Markets

Hershey brand launch in ‘fastest growing’ Chinese confectionery segment

Hershey has launched a new brand in China that will operate in what it has called the country’s fastest growing confectionery segment.

News in brief

Ezaki Glico enters JV in Korea

Japanese firm Ezaki Glico has entered a joint venture with Haitai Confectionery Food to sell its Pocky chocolate candy in Korea.

Petra Foods buoyed by ‘vibrant’ Asian consumption in Q1

Singapore-based Petra Foods has reported first quarter profit gains in its branded consumer division driven by rising chocolate consumption in markets such as Indonesia and the Philippines and improved margins...

News in brief

Asian cocoa grind falls 10.8%

Cocoa grinds in Asia were widely expected to rise but have declined sharply by 10.8% in the first quarter of 2013 compared to last year.

Emerging markets more open to chocolate innovation, says R&D chief

Consumers in emerging markets are more receptive to new chocolate products than counterparts in established markets because they don’t have a point of reference, according to ADM Cocoa’s innovation chief....

Sanchez Cano establishes Chilean subsidiary

Fini brand owner Sanchez Cano has set-up a new trade branch in Chile to help it grow in Latin America.

Bon Bon Buddies looks overseas to double sales in five years

Wales-based character confectionery firm Bon Bon Buddies is aiming to double its sales in the next five years through growth in international markets such as the Middle East.

Duc d’O eyes growth in Russia and China with authenticity as ‘bling-bling’ era dies

Belgian chocolatier Duc d’O has rebranded its flaked chocolate truffles to appeal to Chinese and Russian consumers looking for authentic handmade chocolate.

Lindt to seize on Singapore’s premium chocolate cravings with DKSH deal

Premium chocolatier Lindt & Sprüngli has reached a deal with market expansion services group DKSH to strengthen its position in the Singapore where demand for premium chocolate is rising.

Natra poised for ‘awakening’ Chinese chocolate consumption

Spanish chocolate and cocoa processor Natra has opened a sales office in Hong Kong in anticipation of a boom in Chinese chocolate consumption.

Fortified gum prospects in fastest-growing Mexican confectionery category

All confectionery categories will grow in Mexico over the next five years, but gum will grow the fastest and confectioners can capitalize with products enriched with vitamins and minerals, according...

Cadbury India discounts Toblerone to grow premium category

Mondelez International’s Cadbury India has introduced a two-week promotion on Toblerone in most modern retailers in a bid to grow the premium chocolate category.

Where are the emerging Easter markets?

Brazil has one of the largest markets for Easter confectionery and has had more Easter launches than anywhere else, but the Chinese have yet to look beyond the religious nature...

China ‘our number one international priority’, says Hershey CEO

China will become Hershey’s number two market behind the US in the next five years and will get there through advertising, expanding distribution and new launches, according to the company’s...

Lindt claims partial immunity from economic downturn as profits surge

Lindt & Sprüngli’s operating profit rose 10.3% in 2012 and the company has declared itself “partially unaffected” by the continuing economic downturn as consumers still seek quality chocolate in tough times....

Premium to drive South African chocolate market up 10% per year

Market analysts Frost & Sullivan expects the South African chocolate market to grow 10% per annum in the next five years driven by rising incomes and locally-sourced premium products.

Brazil’s cocoa import reliance leaves chocolate market vulnerable, says Mintel

Brazil’s reliance on cocoa imports exposes the domestic chocolate market to price variation, according to market analysts Mintel.

Confectionery not recession proof; target emerging markets, says Goldman Sachs

The confectionery industry is not immune to economic recession and must exploit opportunities in emerging economies to grow, according to an analyst from Goldman Sachs.

Dispatches from NCA Miami Conference

Mondelez chocolate chief pinpoints markets beyond BRIC

Brazil, Russia, India and China are not the only markets capturing the attention of the world’s leading chocolate company Mondelez International.

News in brief

Cargill to up cocoa capacity at Brazilian plant

Cargill plans to increase its cocoa processing capacity by 25% at its plant in Ilhéus, Brazil, to keep up with rising consumer demand for chocolate and cocoa products in the...

Petra Foods puts faith in consumer brands

Singapore-based Petra Foods plans to invest in its consumer brands and will target fast-growing South East Asia chocolate markets after selling its ingredients division to Barry Callebaut.

"...there will always be pocket money for sweets."

‘Who stops innovating dies’ says Sanchez Cano as exports set to outstrip domestic sales

Spanish sugar confectioner Sanchez Cano will grow sales in export markets faster than its home market and will do so through innovation, according to its export manager.

Compound chocolate growth to outstrip ‘real’ chocolate, says Bühler

The global market for compound chocolate will grow faster than regular chocolate, according to equipment supplier Bühler which is gearing up to launch a smaller capacity compound chocolate processing machine...

ISM 2013 Cologne

Barry Callebaut talks customization, certification and Petra Foods

Barry Callebaut speaks to ConfectioneryNews.com about a growing trend for customization, rising demand for certified cocoa and its $950m bid to acquire Petra Foods’ cocoa ingredients division.

Philippines as an emerging ‘quality’ cocoa origin

The Philippines can evolve as a top-quality cocoa source and serve the needs of growing demand for chocolate in Asia, according to a start-up company trading beans in the market.