Susquehanna International Group (SIG) said the robust chocolate industry will likely turn Hershey’s business around later this year even though the company is among ‘the worst performing CPG stocks in the last three months.’
‘Concerns about processed sugar and the impending sugar tax means today’s consumers are looking for healthier and natural alternatives across all categories, including confectionery.
Hershey will release its first edible glitter-sprinkled gum in the US under its Ice Breakers brand starting April 15, 2018, as it believes the sparkle trend will sweep the food industry in 2018.
Malaysian supplier PureCircle must provide more data to prove the safety of both minor steviol glycosides and glucosylated stevia, the European Food Safety Authority (EFSA) has said in two separate opinions.
Claims such as ‘no added sugar’ on foods containing sweeteners are commonplace and an important part of healthy branding - but are they technically illegal under EU law? We put the question to a food law expert.
Bazooka Candy Brands has developed its first interlocking gummies made by a 3D mold called Match-Ems, as the US gummy business is now ‘on fire,’ said its senior director of marketing and innovation, Nicole Rivera.
Mondelēz will close two manufacturing plants in Brazil (Bauru and Piracicaba, São Paulo) by the end of 2018, and transfer their production to two other facilities in the country.
Ferrero Group has closed its fiscal year 2017 with a consolidated turnover of €10.5bn ($12.96bn), an increase of 1.5% compared to the previous year at €10.3bn ($12.72bn).
Thew Arnott confectionery ingredients supplier has been awarded the highest AA grade after being audited against the latest BRC Agents and Brokers standard, version 2.
The UK government is exploring the environmental impact of ‘single-use plastics’ and potentially considering taxes, but is yet to determine if chewing gum will be included.
Trian Fund Management CEO Nelson Peltz, who pushed for a merger between Mondelēz and PepsiCo five years ago, will stand down from Mondelez’s Board of Directors as the Cadbury maker names two new members.
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.
Clean label can imply a base level of health for confectionery products, whose high-sugar and high-fat status can make consumption hard to justify, says a new report by Euromonitor.
NID, acquired by tna, took to the spotlight at ProSweets 2018 last week (January 28-31) with the announcement that it has undertaken a number of developments and upgrades to its machinery.
Vegan, sugar free and exotic flavors are among the contributors that made Brazilian confections popular in Europe last year, as Brazilian exports of sweets, snacks and ingredients to the EU grew by over 73% in value, according to trade body ABICAB.
Mondelēz’s new CEO Dirk Van de Put, who replaced Irene Rosenfeld last November, called 2017 ‘a solid year’ as the company’s organic sales during Q4 and full fiscal year 2017 grew 2.4% and 0.9% respectively.
Wacker debuted its process for depositing sugar-free chewing gum, at ProSweets Cologne 2018 this week, where gum can be molded into different shapes, similar to gummy bears.
Duravant has acquired Ohlson Packaging, a weighing, counting and filling machine manufacturer, whose clients include Frito-Lay, Hershey’s, Kraft Foods, Tyson Foods and Maple Leaf Foods.
New Jersey Economic Development Authority (EDA) has approved Mars Wrigley a $3.15m annual tax credit package over 10 years for bringing 483 jobs to the state.
tna has opened TNA Solutions service support centre in Shanghai, China, and set up a Chinese website for its brochures, product sell sheets, demo videos, technical white papers and blogs.
Mars Wrigley Confectionery says it has achieved income and yield increases for Indian mint farmers in the first year of a five-year sustainability program.
Hershey says launching Hershey’s Gold, a caramelized crème with peanuts and pretzels, could benefit its 2017 Halloween seasonal sales after delivering 'solid' Q3 financial results.
Hershey has unveiled a new line of confections under its various brands at the NACS Show in Chicago last week that will be on shelves later this year and early 2018.
Lebanese firm Master Chewing Gum & Candies hopes to take its mastic chewing gum brand Mastika to Brazil as it ramps up distribution in the Middle East.
Global functional chewing gum sales are poised for a compound annual growth rate (CAGR) of +4.7% from 2016 to 2022, says Arizton Advisory & Intelligence.
Hindu statesman Rajan Zed says upset Hindus in the US are seeking “official apology” from the president of Wrigley for non-disclosure of beef in some of its candy products.
