All confectionery categories will grow in Mexico over the next five years, but gum will grow the fastest and confectioners can capitalize with products enriched with vitamins and minerals, according to research from Canadean.
Mondelez International’s Cadbury India has introduced a two-week promotion on Toblerone in most modern retailers in a bid to grow the premium chocolate category.
Brazil has one of the largest markets for Easter confectionery and has had more Easter launches than anywhere else, but the Chinese have yet to look beyond the religious nature of the season as they have for Christmas, according to an analyst.
China will become Hershey’s number two market behind the US in the next five years and will get there through advertising, expanding distribution and new launches, according to the company’s CEO.
Lindt & Sprüngli’s operating profit rose 10.3% in 2012 and the company has declared itself “partially unaffected” by the continuing economic downturn as consumers still seek quality chocolate in tough times.
Market analysts Frost & Sullivan expects the South African chocolate market to grow 10% per annum in the next five years driven by rising incomes and locally-sourced premium products.
The confectionery industry is not immune to economic recession and must exploit opportunities in emerging economies to grow, according to an analyst from Goldman Sachs.
Cargill plans to increase its cocoa processing capacity by 25% at its plant in Ilhéus, Brazil, to keep up with rising consumer demand for chocolate and cocoa products in the market.
Singapore-based Petra Foods plans to invest in its consumer brands and will target fast-growing South East Asia chocolate markets after selling its ingredients division to Barry Callebaut.
"...there will always be pocket money for sweets."
Spanish sugar confectioner Sanchez Cano will grow sales in export markets faster than its home market and will do so through innovation, according to its export manager.
The global market for compound chocolate will grow faster than regular chocolate, according to equipment supplier Bühler which is gearing up to launch a smaller capacity compound chocolate processing machine to capitalize on the area.
Barry Callebaut speaks to ConfectioneryNews.com about a growing trend for customization, rising demand for certified cocoa and its $950m bid to acquire Petra Foods’ cocoa ingredients division.
The Philippines can evolve as a top-quality cocoa source and serve the needs of growing demand for chocolate in Asia, according to a start-up company trading beans in the market.
Chocolate processor Sollich will target Africa as its next market; a region that will become very interesting over the next 3-5 years, its executive director said.
Barry Callebaut has unveiled new cocoa and chocolate products at ISM in Cologne, including Cameroon origin cocoa for baked goods, and single origin chocolate from Cameroon and Java.
Large scale solar food processing remains under-exploited, especially in hot countries, according to a study that is due to be published in the Journal of Food Science and Technology.
Cadbury owner Mondelez International has entered a joint venture to expand distribution in Saudi Arabia, which it calls an “important and strategic market” in the region.
India’s confectionery market has a ‘bright future’ and will be bolstered by a growing gifting culture and increasing rural consumption, a report suggests.
China’s potato chip consumption is low with consumers choosing biscuits, candy and chocolate instead, but the US and France top the global consumption charts, new research shows.
The key to winning over Chinese consumers is mastering distribution strategies, according to a new report by Rabobank, which also suggests that the country should be on the radar of European and American processed food companies that are facing flat growth...
Wrigley has opened a factory in Guangzhou with an investment of over RMB1m (US$173.4m). The company claims that the 138,000sq-m site, in the Yonghe Economic Zone, is the largest, most technologically advanced manufacturing facility in its global supply...
Confectioners are struggling to reduce their dependence on seasonal products in Brazil, but could benefit from the growth of premium chocolate, according to an analyst from Leatherhead Food Research.
The demand for bakery and confectionery food processing machinery is to increase over the next few years as employment and incomes rise in developing countries, according to Freedonia.
Chocolate manufacturers can grow further in India with premium products after already opening up the market to low-income consumers, according to an analyst.
Mondelēz International was weighed down by operational issues in Brazil and Russia in the third quarter (Q3) which harmed overall performance in its first results since it split from Kraft Foods in October.
Mondelēz International lobbied the US government to establish permanent normal trade relations with Russia earlier this year as it set its sights on the developing market.
Kraft Foods global snacks spin-off Mondelez International has appointed Patrick T. Siewert to its Board of Directors to increase its knowledge of the emerging Asian market.
Food and nutrition giant Nestlé has reported improved sales in its 9-month results driven by growth in emerging markets, but Q3 was a little slower than last year.
Adani Wilmar, one of the largest soy producers in South Asia, has gained non-GMO soya lecithin certification, which it will use to provide the European food industry with 30 tonnes of the emulsifier per day.
Kraft’s global snacks spin-off Mondelez will face fierce competition from the likes of Mars and Nestlé in the emerging confectionery markets of China and Russia, according to an analyst from Euromonitor International.
Kraft Foods’ global snacks spin-off Mondelez International will focus on penetrating the Chinese market and will introduce lower price points for gum as it looks to reinvigorate the ailing gum and candy segment.
The Hershey Company has agreed a deal to buy Godrej Industries 49% stake in the two companies’ Indian joint venture and has announced plans to set up its own subsidiary: Hershey India
The Mondelez Series - New confectionery powerhouse
The developing markets of Brazil, Russia, India and China will drive sales for Kraft’s global snacks business Mondelez International, according to CEO Irene Rosenfeld.
Junk food will be banned from sale in and around Indian schools after India’s food agency indicated it would follow guidance from a local court to restrict their availability.
A court in Brazil has ordered Nestlé to impose mandatory labelling for all its products in the country highlighting more than 1% genetically modified (GM) ingredients.
Brazil has temporarily suspended imports from the world’s biggest cocoa grower Ivory Coast after bugs were found in a 10,000 tonne cocoa shipment, according to reports.
Cadbury parent company Kraft Foods has responded to allegations from a Chinese newspaper that a piece of Choclairs from a Beijing supermarket contained a worm.
