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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.

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.

Nut chocolate consumption increases globally, says Almond Board of California-backed study

A survey conducted by the Almond Board of California (ABC) and Sterling-Rice Group (SRG) suggests 70% of consumers across the globe prefer chocolate products with nut inclusions. 

Ülker plots geographic expansion with new parent pladis

Turkish confectioner Ülker is aiming to become the leader in Egypt’s biscuit market and hopes to expand in the Middle East & North Africa, Central Asia, Russia and China through...

Big data: Which brands top confectionery sales in Beijing?

Trade body China Candy has collected February confectionery data from thousands of retailers in Beijing. 

Hershey may kiss older international plants goodbye with roughly 2,700 job cuts

Hershey plans to reduce its global workforce by 15%, mainly outside of the US, under a new supply chain efficiency program.

Anlit develops veggie turmeric gummies to tap confectionery supplement growth

Anlit has develop its first pectin-based gummies that deliver curcumin amid growing interest for natural confectionery supplements for adults.

Mondelēz adds Minions mints in China with Stride

Mondelēz has launched Minions-themed varieties of Stride mints in China  through partnership a partnership with Universal Pictures.

Mondelēz names 2017 ‘Year of Well-being and Innovation’ with launch of Véa snacks

Mondelēz has added savory biscuit brand Véa to its portfolio, targeted at today’s health-conscious millennials.

Lotte to face 'severe consequences' if it allows US missile system, warns China

China’s state media outlet Xinhua has urged Lotte to reject a US missile system on a golf course owned by the Korean conglomerate or face "severe consequences"....

Hershey and Mars lose China market share to Nestlé and Ferrero

Hershey and Mars have lost market share in China's declining confectionery category to Nestlé and Ferrero, according to Euromonitor Shanghai.

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