India’s confectionery market has a ‘bright future’ and will be bolstered by a growing gifting culture and increasing rural consumption, a report suggests.
Wrigley has opened a factory in Guangzhou with an investment of over RMB1m (US$173.4m). The company claims that the 138,000sq-m site, in the Yonghe Economic Zone, is the largest, most technologically advanced manufacturing facility in its global supply...
The premium end of the market will help the new owners of Australian confectioner Darrell Lea differentiate themselves from market leaders Mars and Kraft, according to a market analyst.
A multi-million dollar Australian pet food firm has snapped up troubled confectioner Darrell Lea for an undisclosed sum as it plans to delve into a new market area.
Food technologist, TIC Gums, has launched a candy coating technology in China in the wake of a stark surge in the consumption of sweets across the country, fuelled by rising incomes and increasingly Westernised palates.
Thailand’s chocolate confectionery segment showed it jumped 20% last year to reach THB3.360bn ($0.1bn), notes UK market analysts Mintel in a new review.
Indian confectionery retail sales grew by seven per cent last year, boosted by “key indulgence categories” such as chocolate and functional gum, says Euromonitor.
The Indian confectionery market will see rapid growth over the next three years, according to the latest Datamonitor research, with an increasing premiumisation trend leading to a hike in chocolate purchases.
India's dairy industry is priming the country's research centres
with funds in a bid to mechanise the region's indigenous foods
sector ahead of moves to apply international food safety standards,
Hridyesh Pandey reports.
South Korea's Lotte Confectionery Company, the country's largest
snack food manufacturer, has acquired a 100 per cent stake in a
Chinese confectioner - a move which will not only bolster its
influence among China's...
