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".
Functional chocolate is poised to contribute to market growth in Japan based on the success of Lotte’s Sweet Days chocolate, says market analyst Canadean.
By Emil Fazira Bte Kamari, senior analyst at Euromonitor International
Snack sticks are enjoying a surge in Asia as new entrants enter the category with smaller pack sizes and innovative flavors, writes Euromontior analyst Emil Fazira Bte Kamari.
ConfectioneryNews presents our pick of products entering the global confectionery category this quarter from major players such as Mars, Lotte and Nestlé.
Lotte Confectionery, part of Lotte Group, South Korea, has allegedly been found guilty of copying a Japanese snack maker's package design, according to a hearing at Seoul Central District Court.
Chocolate and cookie producers are increasingly looking towards modified-atmosphere packaging to extend shelf life of products for export markets, according to supplier Sealpac.
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 first half (H1) results.
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.
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.
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 at Mintel.
South Korea has one of the lowest birth rates in the world and confectioners must think about how they can cater to an increasingly aging population, according to Leatherhead Food Research.
