Mondelez International has fallen short of sales expectations in the third quarter (Q3) as the slowing Chinese economy dented consumption, particularly in its biscuit category.
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.
Premium international brands for China’s increasingly affluent population could be instrumental in raising low domestic chocolate consumption, according to market researchers Canadean.
Hershey’s second quarter (Q2) international performance was strongest in China, Mexico and Brazil and the company is planning launches to foster overseas growth.
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.
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.
China will be the number two market behind the US for Hershey within five years, predicted senior executives at the Consumer Analyst Group of New York (CAGNY) conference yesterday.
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...
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.
US-based confectioner Hershey has announced plans to open a new factory in Asia as it embarks on a ‘five core brands’ strategy to realise potential in selected emerging markets.
Spanish chocolate and cocoa processor Natra has signed a Belgian chocolate supply contract in China with an unnamed distributor that it says will boost sales in the market by 70% in 2012 and help it grow in Asia.
Latvia’s largest confectionery producer, Laima, has announced plans to increase its export proportion from 40% to 52% over the next three years, with intentions to target new markets outside of Europe.
Packaging systems producer tna has opened a new plant in China in a bid to tap into huge growth in the domestic packaged foods markets - particularly the snack sector.
Naturex has just received novel foods approval in China for its flavour masking system, Talin. President and chief executive of the botanicals group, Jacques Dikansky, revealed the news and discussed the integration of Burgundy when we caught up with...
The chocolate market in China is growing at faster rates than other confectionery in the country as heightened consumer wealth helps stir evolution from sugar confectionery, according to an analyst at Euromonitor.
Bosch has announced it will build a second plant in China in a bid to tap into booming growth for food and confectionery packaging machinery in the country.
Nestlé has paid out bought €1.2bn for a majority stake in leading Chinese confectionery maker Hsu Fu Chi, with the Swiss group flagging up access to extensive production capabilities and a major distribution network as its wins.
New equipment aiming to give flexibility in terms of wrapping small chocolate pieces and a jelly product wrapper claimed as the new 'industry benchmark' were said to be crowd pleasers at Interpack earlier this month.
Products such as confectionery, biscuits and juice products are experiencing double-digit growth in China with this consumer demand fuelling an increase in the country’s sugar imports, according to a USDA report.
Developing regions will drive demand in the global chocolate sector which is predicted to have the fastest rate of growth of the global confectionery market during 2009 and 2013.
The global furore over the recent melamine contamination scandal in China appears to have driven consumers in that country increasingly towards premium and international brands, according to research group TNS Worldpanel.
A Chinese chocolate brand sold in Australia and New Zealand has been recalled after authorities found it to be contaminated with the chemical melamine, source of an ongoing contamination scandal.
US Confectioner Hershey is to form a joint venture with Korean
counterpart Lotte Confectionery, as it looks to enter the dynamic
Chinese chocolate market to offset declining domestic sales.
China will remove the import duty on Indonesian cocoa from 1
January next year, a move likely to increase demand for the beans
from the world's third biggest producer.
If the Chinese government gives in to mounting international
pressure to revalue its currency, it could spell the end of cheap
exports, a move that many anticipate would have a knock-on effect
on raw materials costs for the food industry....
Cargill has taken full control of its xanthan gum joint venture in
China, opening the way for it to take a bigger share of the
competitive gums market.
China is preparing to launch a new national standard on raw milk to
prevent dairy products containing antibiotic residues from reaching
the marketplace.
Swiss liquid packaging group SIG has sold 14 new filling lines in
one go to leading Chinese dairy Yili, reflecting the speed and
scale of growth in the country's dairy sector.
Sugar prices on China's futures market fell sharply this week as
the government announced that it would auction 552,000 tons, mostly
from its reserve stocks, to stabilise prices.
Confectionery companies in China are rapidly catching up with other
markets by offering healthier, sugar-free products, but not without
their own traditional flavours and texture, says leading ingredient
supplier Roquette.
Kraft Foods, the US snack and dairy firm, has agreed to remove all
genetically modified ingredients from its products in China, in a
sign anti-GM attitudes are on the increase.
China is on its way to becoming the largest exporter of tomato
paste in the world as Xinjiang Production and Construction
Corporation (XPCC) increases its production capacity for tomato
paste to 500 million tons a year, writes Hridyesh...
The Pennsylvania Department of Agriculture (PDA) has completed its
first food trade mission to China, meeting with buyers, importers
and distributors to assess the possibility of future trade
opportunities.
Pressure on soy prices likely to continue with a new report
revealing China is expected to reduce its principal soybean
planting area, while increasing corn and rice planting in 2005.
South Korea's Lotte Confectionery Company, the country's largest
snack food manufacturer, has acquired a 100 per cent stake in a
Chinese confectioner - a move which will not only bolster its
influence among China's...
