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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.

China chocolate brand Le Conte sold to Hollygee for $33m

Wedding candy brand from Fujian Province Hollygee (好邻居) has acquired the largest Chinese domestic chocolate confectionery company Le Conte (金帝) for 230m RMB ($33m).

Hershey expands social program globally, gaining snacking and flavor insights

Hershey's social program to provide children globally with basic nutrition will expand to China and Canada through new partnerships.

UK chocolate exports up 11% with falling pound

Chocolate volumes exported from the UK have grown substantially in the third quarter versus the same period last year, driven by the weak pound.

Yummex Middle East

Brazil candy firm Riclan calls for more African presence at Dubai tradeshow

Riclan candy company wanted to see more African firms and visitors at Yummex Middle East, part of Gulfood Manufacturing this year (November 7-9).

Chinese confections and snacks compete for sweeter spot on e-commerce during Double 11

Alibaba, China's largest e-commerce platform, reached record sales of $15bn during Double 11 this year, prompting domestic confectionery and snack brands to step up their web strategies. 

Yummex Middle East

Toffano coffee candy takes top spot in Yemen

Toffano has seen success with its coffee candy Café Gold and Brinq Bol Tutti-Frutti Flavoured Bubble Gum Candy in Yemen.

Yummex Middle East

Leaf Brands on making candy ‘fun again’

Leaf Brands says it is making candy ‘fun again’ by inventing products with names such as Farts candy, which won Most Innovative Product award at Sweets & Snacks Expo in...

Yummex Middle East

Katjes to launch ‘Cola the Cat’ in the Middle East

Katjes plans to launch ‘Cola the Cat’ jellies in 2017 after a successful year entering the Middle East market.

Gulfood Manufacturing 2016

Theegarten says hermetically sealed chocolate wrappers protect against MENA's humidity

Theegarten Pactec showcased a multi-style packaging machine for chocolate and confectionery articles at Gulfood Manufacturing this year.

Gulfood Manufacturing 2016

Dubai confectionery and dairy procurement firm expands in Algeria

Ar-kom project management and consultancy firm, is building a confectionery plant in Algeria to become operational in 2017.

Reese’s innovation gives Hershey Q3 sales uplift

Hershey has posted a 2% rise in third quarter sales, driven by innovations in North America, such as Reese’s Pieces Cups, Big Kat and birthday-themed Kisses.

Project 7 launches first functional gum line, expanding into c-stores

California-based gourmet gum and gummy brand, Project 7, unveiled its latest energizing gum line, Midnight, with added B vitamins and guarana at the recent NACS show in Atlanta, Georgia. 

Euromonitor Quarterly Statement Q3 2016

‘Post-Brexit consumers may move to lower-priced confectionery, reversing premium chocolate trend’

Brexit is unlikely to have a dramatic effect on confectionery sales, with the quarterly update showing a 2% reduction in volume sales by 2020, according to Euromonitor.

Exclusive interview

Gummies overtake chocolate in Colorado cannabis edibles space

Gummies are now the most popular cannabis edibles in Colorado with a share of 22% share of sales in the sector, says a newly released report from BDS Analytics’ GreenEdge database....

Cobden and Brown eyes expansion after 100% cocoa bar launch

Northern Irish chocolatier Cobden and Brown has plans to enter southern neighbor the Republic of Ireland after recently introducing a 100% cocoa bar, according to the company’s founder and CEO,...

'War on sugar’ fosters change for global candy industry: Euromonitor

The “war on sugar” has dented demand of sweet snacks as 47% of global consumers look for foods with limited or no added sugar, according to a recent survey by Euromonitor....

Barry Callebaut invests $18m in Singapore factory

Barry Callebaut has expanded its chocolate factory in Singapore to meet growing demand for chocolate across Asia.

Australia’s ‘better’ carob given boost by demand for healthy chocolate

Global demand for healthy, natural foods is helping to drive a resurgence in carob production in Australia, which currently supplies just 1% of the world’s market.

E-commerce

India’s ‘first’ chocolate subscription service: Cocoatrait

A chocolate tasting club in India has launched what it claims is the country’s first artisan chocolate subscription service.

Nestlé close to Garoto buy in Brazil after anti-trust issues

Nestlé is close to formalizing its acquisition of Garoto in Brazil following a lengthy anti-trust dispute.

Emerging Markets

Mastic and mojito: Innovating in the Middle East’s ‘reshuffled’ gum market

Lebanese company Master Chewing Gum & Candies has introduced a gourmet gum brand in unconventional flavors such as mojito as it looks to seize on the Middle East’s changing gum...

Packaging news round-up: Bosch; JBT; Huhtamaki; Mondi; Rockwell

Bosch has relocated its R&D activities to a new facility in Pittsburgh, Pennsylvania, having outgrown its previous location in various buildings across the city.

APAC not a ‘universal market’: Asia’s multifaceted taste and texture preferences for chocolate

Market research firm Kadence explores the varying chocolate likability factors in nations across Asia.

Enjoy Life Foods builds $39m ‘free-from' bakery to expand global footprint

Mondelēz-owned snack brand Enjoy Life Foods has doubled its capacity with the opening a new 200,000-square-foot free-from bakery in Jeffersonville, Indiana.

Mondelēz ramps up presence in emerging markets with $65m R&D investment

Mondelēz International is to invest $65m in developing a global network of research & development facilities.

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