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Trends > 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.

Arbitrators called to settle Barry Callebaut and Petra Foods pay spat

Barry Callebaut and Petra Foods have called on arbitrators to resolve a dispute over payment terms from the sale of Petra’s cocoa ingredients business to Barry Callebaut.

Special Edition - Beyond sugar: Hitting the sweet spot

Hard and sweet: The elusive candy promise

Between laxative effects, clean labeling and GM, ConfectioneryNews takes a walk through the different sweetener options for hard, soft and jelly candies and the associated pros and cons for each.  ...

Russian confectionery market picks up, says EFKO

Fats and oils supplier EFKO has noted a recovery in the Russian confectionery market as demand for its functional cocoa butter substitutes soared in its 9-month results.

Hershey launches Jolly Rancher in India

Hershey has chosen India as the first country outside of North America to launch the Jolly Rancher brand.

News in brief

Lotte finalizes deal for Kazakh confectionery firm

Korean confectioner Lotte has overcome regulatory hurdles to acquire a 76% stake in Kazakhstan-based firm Rakhat.

United Biscuits sails overseas hoisting the British flag when appropriate

The global number four biscuits player United Biscuits (UB) is growing rapidly in international markets where it plays up its British heritage accordingly, but rarely adapts the formulation.

Premium chocolate samba in Brazil

Premium chocolate is rapidly growing in popularity in the emerging Brazilian market, according to domestic trade body ABICAB.

Cadbury 'happy to forfeit' three lost Eclair trademarks

Mondelez-owned Cadbury India has lost three of its Chocolate Eclairs label trademarks as part of an eight year tussle with Indian conglomerate ITC Ltd, but is playing down the consequences.

Barry Callebaut results: Petra costs and inefficiencies to blame for 2012/13 profit slump

Barry Callebaut has recorded a 4.9% drop in net profit for the fiscal year 2012/13 as it integrates Petra Foods’ cocoa business and experiences capacity constraints.

Big trouble in little China as Mondelez misses expectations

Mondelez International has fallen short of sales expectations in the third quarter (Q3) as the slowing Chinese economy dented consumption, particularly in its biscuit category.

Lotte eyes ambitious overseas growth driven by China

Korean confectioner Lotte is aiming to increase its overseas sales six fold in the next five years led by growth in China, India and Russia, the firm said in its...

Mondelez in ‘Choclairs’ row with Lotte in India

Mondelez International subsidiary Cadbury India has been granted an interim injunction by a high court In Delhi preventing rival Lotte from selling products alleged to infringe Cadbury’s Choclairs trademark.

Quality key to upping Chinese chocolate consumption, says analyst

Premium international brands for China’s increasingly affluent population could be instrumental in raising low domestic chocolate consumption, according to market researchers Canadean.

Infographic: European chocolate makers move East

Chocolate production is still growing in developed markets, but volumes are growing at a faster pace in Eastern European countries like Poland, data from Leatherhead Food Research shows.

Hershey adapts China brand Lancaster to US tastes

Hershey has launched Lancaster Soft Caramel Cremes in the US, six months after the company initially introduced the product in China. 

UPDATED: Yildiz Holding sells 20% stake in Ülker as Godiva thrives

Turkish conglomerate Yildiz Holding has sold a 20% stake in its chocolate and biscuit business Ülker in a share offering as its Godiva business grows rapidly in international markets.

Hershey marks biggest outlay in Asia with $250m Malaysia plant

The Hershey Company will make its single largest investment in Asia with a new factory in Malaysia, a country the firm says gives it a strong route to 25 markets...

Russia to overtake Germany as Europe’s leading sugar confectioner, says Leatherhead

Sugar confectionery production volumes in Russia will soon outpace Germany as multinationals establish manufacturing bases in the growing region, according to Leatherhead Food Research.

Special report: Part II

Indonesia’s plantation war with foreign conglomerates

How should Indonesia and, more to the point, the local community, benefit from foreign investment in plantations?

Natra may give exclusivity for Tiger Nut bar in South Africa

Spanish chocolate major Natra will launch a nut variant of its Tiger bar countline in South Africa for retailers and said it would consider exclusivity agreements.

Bitter sweet: Rising dark chocolate consumption drives up price

Rising dark chocolate consumption is driving up prices, according to data from Euromonitor International, with China, Switzerland and the US having the highest retail value.

Birth of a confectionery giant

Mondelēz International: One year on

As we approach the first year anniversary of the launch of Mondelēz International, ConfectioneryNews peers into the chocolate box of the young confectionery titan.

Lotte’s Rakhat acquisition part of well-mapped strategic plan, says Mintel

Korean firm Lotte’s recent acquisition of Kazakstan’s leading confectioner forms part of a carefully planned expansion strategy that gives it a “jumping board” to Russia and Central Asia, according to an analyst...

Ferrero opens $119m Turkish plant

Ferrero has opened a new production facility in the province of Manisa, Turkey.

Nestlé Kit Kat tie-up wires into Chinese Android appetite

This week’s launch of the new Google Android 4.4 Kit Kat and Nestlé’s tie-in chocolate Android robots is a marketing move worth millions and could help the Kit Kat name...

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