consumer trends
Olam records strong half-year growth, with ofi ingredients setting the pace
The Olam Group, has posted its latest half-year performance figures of $26.9 billion in revenue, up 9.1%, with the company’s ofi ingredients division leading the way for delivering renewed growth, writes Neill Barston.
Mars moves to deliver $35.9 billion Kellanova takeover including flagship Pringles brand
A major strategic deal has been agreed by Mars, Incorporated, as it moves to complete $35.9 billion acquisition of Kellanova, the snacks spin-off division of Kellogg’s, including flagship brands, Pringles, Pop-Tarts and Rice Krispies Treats, reports Neill Barston.
Industry research places almonds among snacks and confectionery natural ingredient favourites
Latest industry studies have shown that, European consumers spend the most on health and wellbeing, based around three key areas: clean labels, healthy indulgent snacks, and plant-based products, as almonds retain their popularity within the confectionery sector, reports Neill Barston.
Flavour packed Jacob’s Bites series targets on-the-go snacking market
A key new mini treat is being released by snacking group pladis, as it releases its Jacob’s Bites series that is set to target the on-the-go market, which has enjoyed a post Covid-19 pandemic boom, as consumers continue to enjoy a heightened range of social occasions, writes Neill Barston.
Nomo celebrates fifth free from anniversary with latest mini bar series
British vegan and free from brand, Nomo is marking its fifth anniversary of trading with a series of new mini bar products, as it reports a sustained period of growth for the business, reports Neill Barston.
Tate & Lyle’s performance impacted by reduced consumer demand, yet forecasts improvements
The Tate & Lyle Group has released its latest annual results, which reveal the business has endured challenging conditions with overall revenues down 2% against last year’s figures, to £1.6 billion, amid ‘softening consumer demand’ during a notably disrupted trading period, reports Neill Barston.
Exclusive: Sweets & Snacks Expo on the fast track to success in Indianapolis
There was a strong mix of expectation and excitement surrounding the halls of the 2024 Sweets & Snacks Expo, as the event returned to Indianapolis three years after it had hosted the show during the Covid-19 pandemic, writes Neill Barston.
Global confectionery sector set for growth to $421 billion, despite market disruption
The global confectionery market is projected to deliver a renewed upturn in growth into the next decade, reaching $421 billion by 2031, after reaching $298bn in 2022, despite a number of supply chain challenges, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Packaging, Regulatory, Sustainability
Exclusive video: World Cocoa Conference 2024 review
This year’s World Cocoa Conference produced a memorable three days of discussion and debate surrounding the future of the industry, with delivering greater farmer pay placed at the heart of the event.
Business news, Cocoa & chocolate, Ingredients, Processing, Regulatory, Sustainability
Healthy snacking and value for money remain core factors for dairy markets, says key research
Latest major research within the dairy sector has shown that strong value offerings and healthier snacking will form core elements of the market during 2024, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Packaging, Sustainability
Premiumisation of chocolate market set to drive $45 billion growth by 2027
A continued trend for premiumisation in chocolate markets is set to fuel its continued growth by a further $45.78 billion by 2027, according to a new industry study, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Packaging, Regulatory, Sustainability
Indulgence and sharing form key 2024 confectionery trends, says Hames Chocolates
Indulgence, sharing and enhanced flavour options are all set to form some of the latest confectionery market trends for 2024, according to insights from UK business Hames Chocolates, writes Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Sustainability
Superfans take centre stage, as Ferrero marks World Nutella Day
This year’s World Nutella Day (5 February) is a little extra special, as the global brand marks its 60th anniversary with surprise sweet gifts for some of its social media ‘superfans,’ writes Neill Barston.
European nations lead upturn on spending for Christmas chocolate confectionery, says latest study
European nations are leading the way for spending on chocolate this Christmas, with many countries experiencing a welcome upturn in sales, according to latest research from Euromonitor, reports Neill Barston.
Business news, Cocoa & chocolate, Ingredients, Regulatory, Sustainability