Ruby chocolate may become as popular as white chocolate within three decades, but observers say the craft movement is skeptical and secrecy of the process may mean it is unjustly associated with GM.
Nigeria is the world’s sixth largest cocoa producer, but has scope to significantly boost its output and processing capacity, according to a report by PricewaterhouseCoopers (PwC).
Euromonitor International has identified 20 of the most influential megatrends to shape the world by 2030 with analysis on eight megatrends with the furthest-reaching impact on industries and consumers in the years to come.
Mars’ share in China’s chocolate confectionery market has been dropping since 2013, but the company maintains its leading position with 36.7% market share in 2017, Euromonitor’s latest data shows.
A survey conducted by YouGov Australia shows that Cadbury is Asia Pacific’s (APAC) favorite chocolate brand, chosen by 25% of the respondents in the region.
Grains such as quinoa, and cereals including corn flakes and rice puffs, are attracting attention globally as an ingredient or flavor in chocolate confectionery but not so much in Germany.
Cocoa production is thriving in the Democratic Republic of Congo, presenting an opportunity for the chocolate industry, say stakeholders working in the country.
Retail value sales of chocolate confectionery in West African countries, like Nigeria and Cameroon, have experienced steady growth over the past five years, according to Euromonitor International.
PepsiCo Argentina has closed a plant, which produces cookies, snacks and soft drinks, in Florida, Buenos Aires province, and moved production to Mar del Plata, a five-hour drive away, axing 691 jobs.
India's largest polyester-based packaging film company Jindal Poly Films Ltd (JPFL) is allegedly in talks to buy the European production assets of DuPont Teijin Films (DTF) for an estimated $300m.
Patchi has begun work on a new 122,000 square-foot chocolate manufacturing facility in Dubai to serve as a “springboard” into regional and overseas markets when it opens in 18 months.
Chocolate manufacturers will have to fall in line with the constraints of food safety and standards regulations after India’s health ministry placed all types of chocolate under the regulator’s purview.
Mintel has revealed India is “defying the odds” as one of the world’s fastest growing chocolate confectionery markets, while the global market posts slow growth in recent years.
EBRD (the European Bank for Reconstruction and Development) and Esas Holding venture capital firm have acquired a majority stake in Korozo Ambalaj, in Turkey.
Delfi Limited has formed a joint venture (JV) with the Yuraku Confectionery Company in Indonesia to sell chocolate snack products under the Delfi brand in Indonesia.
Accelerating innovation for core brands and expanding in international markets will be key strategies for Bazooka, says the company’s president Tony Jacobs.
Industry giants Nestlé and Unilever report steady sales growth driven by emerging markets for first quarter of 2017 and predict continued growth throughout the year.
Multinationals striving for growth in China need to better target third and fourth tier cities by improving distribution and building relationships with local retailers.
Chocolate and cocoa supplier Barry Callebaut has increased its number of product lines available in China after seeing sales of its gourmet range doubling over the last four years.
By the end of the year, manufacturers will see ‘transformational’ wearable technology in the consumer market, which will overtake sales of handheld devices, says NSF International.
A survey conducted by the Almond Board of California (ABC) and Sterling-Rice Group (SRG) suggests 70% of consumers across the globe prefer chocolate products with nut inclusions.
Turkish confectioner Ülker is aiming to become the leader in Egypt’s biscuit market and hopes to expand in the Middle East & North Africa, Central Asia, Russia and China through recent acquisitions.
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".
Belgian luxury confectioner Fairy Chocolates has introduced a mini version of its éclair praline fusion Cho’clair as it concentrates on expansion in Asia.
Nestlé International Travel Retail (NITR) has started rolling out KitKat Mini Moments across major international airports following an initial launch at Dubai International Airport in December, 2016.
UK licensing confectioner Bon Bon Buddies has unveiled its latest “100% fruit-made” candies, Fruitickles, at ISM 2017 in Cologne, Germany, but will not roll out the brand across the EMEA region until May.
Chinese police recently seized 300,000 counterfeit chocolate pieces during the 2017 Lunar New Year worth around 700 RMB ($102) per box, after a wedding candy store owner received complaints from local consumers.
Oreo maker Mondelēz has posted a sharp drop in reported full-year revenues as analysts speculate a potential tie-up with Kraft-Heinz is now uncertain after the Brexit vote and Trump presidency.
Mondelēz-owned Milka has launched its first brownie products in France, and plans to introduce the range across other key EU markets in 2017, according to the company’s Twitter.
