Consumers in North America are expected to eat four fewer chocolate bars per person a year by 2021, prompting the industry to add value with higher cocoa percentages and quality Latin American cocoa.
The United Arab Emirates chocolate market is one of the fastest growing chocolate markets across the globe as big players such as Mars and Nestlé up their investment and others eye entry, according to TechSci Research.
Barry Callebaut has outshone the global chocolate market in its six month results, but profits were stunted by recent partnership-related costs and supply chain investments.
Confectionery wrapping machine supplier Theegarten Pactec claims Russia and the Ukraine have been the fundamental growth drivers for the firm over the past three years, citing greater affluence and increasing demand for Western style products in the region.
Norwegian group Orkla said the purchase of Kalev Chocolate Factory by its subsidiary Felix Abba will bolster the group’s expansion efforts in Estonia and neighbouring countries.
Global confectionery giant, Hershey, has announced encouraging
sales and rising profits - thanks to a strong focus on product
innovation and seasonal marketing in the last year.
