United Confectioners’ Red October Factory and Ukranian frim Roshen have each been ordered to pay costs after failing in EU trademark appeals concerning whether a crab design resembled a crayfish design.
Korean firm Lotte’s recent acquisition of Kazakstan’s leading confectioner forms part of a carefully planned expansion strategy that gives it a “jumping board” to Russia and Central Asia, according to an analyst at Mintel.
Orkla Brands Russia has hit out at Russia’s leading player United Confectioners for keeping a monopoly on former Soviet brands, which were previously produced by every confectionery factory in the country.
Young people living in urban areas of Russia are driving domestic chocolate consumption and are increasingly opting for premium foreign brands over nostalgic ones from the Soviet-era, say market analysts Leatherhead Food Research.
Premium chocolate will help the Ukrainian confectionery market return to growth despite sugar confectionery currently proving the more popular category, according to an analyst Leatherhead Food Research.
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.
Indulgence products are gaining in appeal in Russia due to increasing disposable income among the middle classes, notes Euromonitor, and it reports a volume growth in confectionery products of 1.2 per cent last year.