Nestlé has reported a -2.9% drop in organic growth in first quarter confectionery sales, citing a later Easter and an earlier Chinese New Year this year.
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.
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.
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.
South Korea's leading confectionery maker Lotte has bought a
Shanghai-based chocolate company, as it seeks to expand in the
fast-growing Chinese market.
Italian confectioner Ferrero has won its battle against Chinese
counterfeiters who have been producing copycat versions of its
products for the Asian market.
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.
Leading vitamin and specialty chemicals maker DSM opened its first
research and development centre in China today, designed to help it
achieve strong sales growth from this market in the next three
years.
Tetra Pak, the European packaging giant, has inaugurated a new
liquid food packaging plant in Beijing this week, the latest step
in its bid to profit from the rising Chinese interest in dairy
products.
New Dragon Asia has acquired the assets of a flour manufacturing
facility valued at $1.33 million, located in Penglai City of
Shandong Province within the People's Republic of China, which aims
to further expand the company's...
