Barry Callebaut has reported sales volume growth above the global chocolate market in the first three months of fiscal 2017/18, but lower cocoa prices saw its revenues slightly decline.
India's first chocolate subscription service Cocoatrait still has only a small number of subscribers, but is reaching regions previously untouched by premium chocolate and proving chocolate deliveries in the country can overcome melting risks, says...
Nestlé Japan will become the first confectioner to launch a product with Barry Callebaut’s ruby chocolate as it plans to introduce KitKat Chocolatory Sublime Ruby.
Mars Wrigley Confectionery has defended accusations it is fueling an unjust association between chocolate and health by funding cocoa flavanol research and says chocolate ‘should not be considered a health food’.
Nestlé has sold its US candy business ($924m in 2016 sales), which includes Butterfinger, Baby Ruth and Raisinets, to Nutella maker Ferrero for $2.8bn in cash.
Industry players and a market researcher speculate how Norway’s 83% increased duty on chocolate and sugar products, which took effect on January 1 this year, will affect sales.
Packaging manufacturer Macpac creates bespoke designs for key events in the confectionery year – Valentine’s Day, Easter and Christmas and is planning to expand its business in the UK and Europe this year.
Large CPG companies’ recent dropouts from the Grocery Manufacturers Association (GMA) including Mars and Nestlé were ‘more predictable’ than Amazon’s acquisition of Whole Foods last year, wrote Rabobank in its recent report.
Ferrero would become the ‘third largest player in chocolate confectionery in the world if it successfully acquires Nestlé’s US candy business, a deal that is expected to come through by the end of this week, said Euromonitor.
While Mars is currently the market leader in China’s chocolate confectionery space, Ferrero has been growing over the past five years with increased shares year-over-year, the latest Euromonitor data shows.
The European Food Safety Authority (EFSA) wants feedback on the method it plans to use to calculate the maximum amount of sugar that can be included in a healthy diet.
Manufacturers' Evolved Nutrition logo makes foods high in sugar, fat and salt seem healthier than they are, according to campaign group Foodwatch which has compared products under the UK's traffic light and the industry-own label.
Hershey has decided not to renew its membership with the Grocery Manufacturers Association (GMA) in 2018, but it remains part of the National Confectioners Association (NCA).
A scientist at the Innovative Genomics Institute (IGI) said chocolate would not go extinct as reported by multiple media outlets recently, even though global warming could shrink the cultivatable areas for cocoa trees.
Hershey’s acquisition of Amplify Snacks has made the chocolate company the second largest popcorn producer in the US market, ‘second to Frito-Lay,’ who owns Smartfood, said Euromonitor analyst Jared Koerten.
The global confectionery industry anticipates stronger sales in 2018 driven by premium dark chocolate, protein-enrichment and candy with natural colors, suggests our annual state of the industry survey.
Sourcing to fair trade standards, such as UTZ, Rainforest Alliance and Fairtrade, is an important first step for chocolate makers towards cocoa sustainability, but will not necessarily bring farmers out of extreme poverty, say supply chain actors.
European confectionery association Caobisco fears rules of origin on sugar may harm its export competitiveness to Japan despite improved market access through a new trade deal.
From technological advances to health and sustainability IOI Loders Croklaan’s director of innovation, Renee Boerefijn, sees an exciting future for innovation in the food sector.
Snortable chocolate producer Legal Lean Company has shut down its website after the FDA issued a warning letter, claiming its product Coco Loko encourages ‘drug abuse in individuals, including minors.’
