growth
Sector research reveals major potential for private label snacking categories
Research from ingredients group Kerry has revealed the global snacks market is now worth $115 billion a year, with annual growth of 2% projected to 2023, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Processing, Sustainability
Symrise flavours and fragrances posts improved half-year results despite pandemic
Global flavours and fragrances group Symrise has reported strong half-year earnings, with sales increasing 4.8% to €1.9 billion, along with organic growth reported at 9.7%, writes Neill Barston.
Business news, Ingredients, New products, Processing, Sustainability
Hotel Chocolat confirms plans for 140 confectionery manufacturing roles at its UK base
UK premium confectionery brand Hotel Chocolat has confirmed expansion of its operations with plans to recruit 140 new manufacturing employees at its advanced facilities at Hadley Park, Huntingdon, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Processing, Sustainability
Hershey moves to acquire Lily’s reduced sugar confectionery
US-based Hershey Company has moved to acquire Lily’s better-for-you (BFY) confectionery brand, signalling the company’s intention to expand into low sugar series, writes Neill Barston.
Business news, Cocoa & chocolate, Regulatory, Sustainability
Mondelēz records key revenue upturn despite covid trading challenges
Mondelēz International’s first quarter results for 2021 have shown the global snacks and confectionery firm increased net revenues by 7.9% to $7.2 billion, revealing a continued upturn despite continuing pandemic conditions, reports Neill Barston.
Business news, Cocoa & chocolate, Packaging, Processing, Regulatory, Sustainability
Lindt & Sprüngli targets renewed growth after 2020’s market turbulence
The Lindt & Sprüngli group has released its latest annual results for 2020, with reported sales of CHF 4.02 billion, down 6.1% year-on-year, as the business adapts to ongoing coronavirus pandemic challenges, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
Nestlé annual report highlights global growth and key innovation projects
Nestlé has released its latest annual report for 2019, revealing an upturn in company performance and fast-tracking of 50 innovation projects across its international portfolio.
Business news, Cocoa & chocolate, Ingredients, New products, Sustainability
Nestlé records nine-month growth amid renewed drive tackling deforestation
The Nestlé group, which manufacturers key confectionery brands including KitKat, has confirmed that for the first nine months of its present financial year, the company has seen 2.9% overall sales growth, to CHF 68.4 billion.
Iberchem reports record revenues for 2018
International fragrance and flavour manufacturer, Iberchem Group, has announced its financial results for the full year ended December 31, 2018.
Cargill celebrates a decade of sustainability and innovation in Ghana
Cargill’s cocoa & chocolate business commemorates its 10th anniversary in Ghana by announcing plans for future investment and farmer support.
Halloween confectionery revival marked by higher consumer spending
With Halloween upon us, it seems here in the UK we are increasingly embracing the spooky spirit of festivities that have made it an especially notable celebration in the US.
Ferrero invests £6.7 million in new Christmas confectionery ranges
The Ferrero group has confirmed major product development investment valued at £6.74 million across its confectionery and spreads, with a number of new seasonal ranges planned.
MIA ethical chocolate brand completes crowdfunding venture
Bean-to-bar chocolate company MIA (Made in Africa) has successfully completed a crowdfunding campaign, gaining £137,000 towards improving its production facilities in Madagascar.
Ingredients, Packaging, Processing, Regulatory, Sustainability
Casa Luker joins Colombian government in cocoa production initiative
Colombian confectionery company Casa Luker has joined with the country’s government and National Cocoa Federation in pledging to produce deforestation-free and ‘peace-friendly’ cocoa by 2020.
Ingredients, Packaging, Processing, Regulatory, Sustainability