Business news
Symrise half-year results show business continues key growth trajectory
Flavours and fragrance group Symrise showed strong progress with its latest financial results revealing organic sales growth of 10.2 %, recording an 18.5% year-on-year in revenue gain to € 2,260 billion, reports Neill Barston.
Business news, Ingredients, New products, Regulatory, Sustainability
Latest sector analysis anticipates multi-billion growth in global vegan snacks market
A significant increase in the global vegan snack market is anticipated over the next five years has been projected, rising to a value of
$ 80.53 billion by 2030, according to analysis from Grand View Research, writes Neill Barston.
Nestlé confirms price rises amid strong half-year performance figures
Nestlé is the latest of the ‘big six’ confectionery groups to reveal its half-year figures, with total sales increasing by 9.2% for the period, to CHF45.6 billion, as the business notes price increases of 6.5% for its ranges, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Regulatory, Sustainability
Ferrero’s US division names Alanna Cotton as new regional president and chief business officer
The Ferrero Group’s US division has confirmed Alanna Cotton to the key regional position of president and chief business officer of Ferrero North America, reports Neill Barston.
Innova Market Insights: World Confectionery Conference interview
Returning as one of our keynote speakers for this year’s World Confectionery Conference is an experience that Myrthe de Beukelaar, a senior associate with Innova Market Insights, is keenly anticipating. Editor Neill Barston quizzes her major trends ahead of our key industry event taking place in Brussels this September
Business news, Cocoa & chocolate, Ingredients, New products, Packaging, Processing, Sustainability
Mondelēz International reports quarterly growth driven by strong biscuit and chocolate sales
Mondelēz International has recorded a strong sales upturn, with its second quarter results delivering $7.3 billion net revenues, up 9.5% year-on-year, with its chocolate and biscuit interests delivering key growth, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Packaging, Processing, Regulatory, Sustainability
UK luxury confectionery manufacturer Bon Bon’s expands to new production facilities
A sustained period of growth for UK luxury confectionery business Bon Bon’s has enabled its relocation to an expanded new site at Moorside Business Park in Tockwith, Yorkshire, reports Neill Barston.
Business news, Cocoa & chocolate, New products, Sustainability
Significant €50 million investment sees Veracruz Almonds expand European operations
Portugal-based Veracruz Almonds has gained a valuable GlobalGAP seal of excellence, as it expands its operations with plans for a €50 million new production facility, with popularity of the nut variety remaining high within confectionery ranges, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Sustainability
Hershey records second quarter growth, despite supply chain and ingredients challenges
Hershey has reported sales growth for the second quarter of its financial year, with net sales of $2.34 billion for the period, representing a 19.3% increase, despite a backdrop of challenging wider market conditions, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Packaging, Processing, Regulatory, Sustainability
Barry Callebaut unveils location for its multi-million new Canadian chocolate processing site
Barry Callebaut has confirmed the location for its major new $104 million Canadian chocolate factory, which will be created at Bowery Road, Brantford, Ontario, reports Neill Barston.
Business news, Cocoa & chocolate, New products, Processing, Regulatory, Sustainability
Mondelez engages with UK schools as as part of its Health for Life wellbeing initiative
Mondelez International has engaged with UK primary schools in the Midlands area to celebrate their commitment to helping improve lifestyles, as part of the Health for Life initiative.
Business news, Cocoa & chocolate, Ingredients, Sustainability
Ferrero’s Kinder Bueno marks summer road trip season with fresh campaign
The classic heritage of American roadtrips is being celebrated by Ferrero’s Kinder Bueno with the launch of its “Summer Gets Bueno,” programme designed to aid travellers enjoy a treat while filling up for their journey, writes Neill Barston.
Business news, Cocoa & chocolate, New products, Sustainability
Nestlé claims first with debut Nescafé coating for ice cream series
A notable breakthrough from Nestlé has been unveiled for the ice cream sector with the company set to create a buzz with the first product launch featuring Nescafé coffee coating.
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
WDS, D&F Sweets and Norevo held successful OTC symposium in Aachen, Germany
A recent symposium on the production of OTC confectionery took place under the heading “The rise of fortified gums & jellies – holistic market over-view from recipe development to production technology”.