Mintel says mass produced chocolate brands such as Mars and Hershey are losing market share to imported premium chocolate brands in China primarily due to lack of innovation.
Environmental nonprofit Mighty Earth has found large chocolate companies have made 'very strong' commitments in policy and practices to reduce deforestation on their cocoa farms in Ghana and Côte d'Ivoire but the level of engagement does...
Responding to a new report from Greenpeace, confectionery giant Hershey has named its palm oil suppliers, and has revealed that it has mapped almost 100% of palm oil supply chain to the mills, and approximately 14% to the plantations.
Chocolate confectionery in the US is resilient to health and wellness trends and remains attractive to investors, according to an analyst at investment group Susquehanna International Group (SIG).
A California Superior Court judge has approved a settlement resolving claims over whether certain levels of lead and cadmium in chocolate require warning labels under California’s Prop 65 law.
Hershey is interested in acquiring businesses with ‘strong revenue growth in the $100bn snack wheel,’ said Hershey’s CFO Patricia Little at the recent CAGNY conference in Florida.
Hershey has unveiled a range of confections for this year’s Valentine’s Day, which should bring in more candy sales than last year in the US, according to the National Retail Federation.
Mars plans to quit industry-funded science group, the International Life Sciences Institute (ILSI), and says it will support research regardless of results after making its science policy public.
