The Valentine's Day candy season is poised for growth in 2023 with year-over-year sales expected to grow 5% to around $4bn, despite rising inflation and supply chain issues, according to the National Confectioners Association.
For the first time in nearly a decade, New York City will host the part-art museum, part-chocolate school extravaganza on November 15-17, 2019 at the Javits Center in Hudson Yards, Manhattan. We got the scoop from event director Chyai Mulberg on what...
The chocolate company described the global advertising push as ‘a vital extension’ of its goal to expand fivefold by 2025, extending into adjacent categories and opening experiential cafés.
Hosted by the Fine Cacao and Chocolate Institute (FCCI), the two-week event will welcome an estimated 3,000 attendees to taste, learn and experience chocolate alongside industry experts.
The 10-year-old awards recognize some of the 4.8m family-owned companies in the UK and Ireland across 10 categories. Whitaker snagged recognition in food and drink.
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.
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.
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.
Mondelēz International has opened a $30m line in Poland to produce popular brands such as Milka, Cadbury and Oreo as it anticipates a recovery in Europe’s chocolate market.
Brazilian confectionery makers are turning their sights to increasingly attractive foreign markets, as the country’s economic growth has rapidly decelerated in recent years.
The rising North American cocoa grind is a positive sign for the chocolate industry, but many consumers are not prepared to pay higher prices planned by some leading confectioners, according to an analyst.
A rise in the North American cocoa grind is a positive sign for the mature US chocolate market, but analysts predict health-concerns will challenge future growth.
Cocoa grinds are up in Europe and the chocolate market is set to follow, but other markets are shining more brightly and will continue to do so, according to Euromonitor.
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.
Perfetti van Melle is set to increase capacity in a plant in southern India as its two year long marketing efforts pay dividends in terms of its gum and éclair market penetration, according to a report in the Hindu Business Line.
Indian joint venture Godrej Hershey is reported to be introducing chocolate products into amdist strong competition from dominant players such as Cadbury and Nestlé.
An alleged price-fixing case in the US against chocolate giants that include Hershey, Mars, Cadbury and Nestle will be put on hold after a federal judge allows the manufacturers to appeal his decision not to dismiss over 80 anti-trust suits.
Confectionery manufacturers need to boost the appeal and nutritional value of their products to earn a place in the school lunchbox as parents focus on healthy eating, according to new research from Mintel.
Two major confectionery players have this month announced inroads into Russia, demonstrating that cocoa ingredients suppliers and their customers are seeking to spear fresh wins in Russia's emerging, and burgeoning, confectionery market.
