The McVitie’s owner has appointed Tim Brett as managing director for its recently formed business unit that combines its western Europe and emerging markets.
Sugar confectionery consumption in Europe may have peaked, but a spike in Germany’s birthrate signals hope for the future, says Katjes International’s CFO.
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.
Nestlé's confectionery business posted 7.8% organic growth for the first nine months, but one analyst says the firm is over-reliant on KitKat and is performing below market rivals.
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.
Mars Chocolate North America claims pushing year-round sharing occasions is key to getting US chocolate consumption on par with high levels observed in many Western European nations.
Any growth in the mature Belgian confectionery market lies in fair trade chocolate and chewing gum, according to an analyst at Leatherhead Food Research.
Nestlé’s sales for the nine months to the end of September rose 7.3% to reach CHF60.89bn (€49.24bn), slightly short of expectations, but its positive European performance blindsided analysts.
The global market for flexible packaging is projected to be worth more than US$71bn with worldwide consumption set for annual growth of more than 4 per cent to reach almost 22.5m tonnes by 2016, said a new report by Pira International.
Confectionery giants such as Nestlé, Haribo and Cadbury have been at the forefront of efforts to move away from artificial additives, as the general industry makes a shift to natural food products, according to Leatherhead Food Research.
International firms such as Cadbury are the most successful
confectionery companies in Western Europe, according to
Euromonitor, suggesting that a global outlook is necessary to
survive in an increasingly competitive market.
Europe and the US continue to dominate demand in the €4.5 billion
flavours market, but Asia Pacific region is quickly catching up
thanks to high single-digit growth, reveal figures from a new
report.
