Mars Wrigley Confectionery has defended accusations it is fueling an unjust association between chocolate and health by funding cocoa flavanol research and says chocolate ‘should not be considered a health food’.
Packaging manufacturer Macpac creates bespoke designs for key events in the confectionery year – Valentine’s Day, Easter and Christmas and is planning to expand its business in the UK and Europe this year.
Large CPG companies’ recent dropouts from the Grocery Manufacturers Association (GMA) including Mars and Nestlé were ‘more predictable’ than Amazon’s acquisition of Whole Foods last year, wrote Rabobank in its recent report.
Ferrero would become the ‘third largest player in chocolate confectionery in the world if it successfully acquires Nestlé’s US candy business, a deal that is expected to come through by the end of this week, said Euromonitor.
While Mars is currently the market leader in China’s chocolate confectionery space, Ferrero has been growing over the past five years with increased shares year-over-year, the latest Euromonitor data shows.