World: Consumers snack with health, functionality in mind, says Nielsen survey
Globally, consumers spent US$374 billion on snack foods annually between 2013 and 2014, a year-over-year increase of 2%, according to a Nielsen report. While Europe (US$167 billion) and North America (US$124 billion) make up the majority of worldwide snack sales, annual snack sales are growing faster in the largely developing regions. Asia Pacific (US$46 billion) and Latin America (US$30 billion) increased...
World: Mondelez International to build US$90M biscuit plant in Bahrain
Mondelez International announced plans to invest US$90 million in building a biscuit plant in the Kingdom of Bahrain to meet rising demand in the Middle East and Africa for its brands such as Oreo, Ritz and TUC biscuits. The investment is part of the company's on supply-chain reinvention expected to deliver US$3 billion in gross-productivity savings, US$1.5 billion in net...
Americas: Extruded snacks food market to worth US$31B by 2019, report
The extruded snacks market is estimated to reach about $31 billion by 2019, according to the report Extruded Snacks Market by Type (Potato, Corn, Rice, Tapioca, Mixed Grain, and Others) & by Geography - Global Trends and Forecasts to 2019 by MarketsAndMarkets. In 2013, Asia Pacific was the largest extruded snacks market and is estimated to grow at the highest...
Europe: Tate & Lyle launches clean-label starches
Tate & Lyle launches CLARIA Functional Clean-Label Starches for manufacturers to enjoy similar functionality to modified food starch plus the added benefits of a clean taste and label. The product range enables manufacturers to meet increasing consumer demand for simpler ingredient lists. This trend is supported by the fact that nearly 25% of new product launches globally were positioned as label-friendly...
Asia Pacific: CP Kelco opens center in India
CP Kelco has opened a Commercial Office and Innovation Center in Mumbai, India. "The new facility in Mumbai enables us to better serve and collaborate with our partners and customers across the South-Asian region," said Pierre Perez y Landazuri, VP, Asia Pacific. "With the advanced capabilities of the facility, we can develop new products and solutions based on local preferences and...
Europe: Krones launches unit for aseptic dosing of fruit particles
Krones has developed the DosaFlex aseptic container station for the dosing of aseptic components in finished beverages with a solids content. This has been made possible by the provision of product components with an increased concentration of solids in aseptic containers – an option that used to be offered only for aromas and concentrates. The aseptic containers may be pressurized with...
Europe: Energy drink producers create healthier versions to attract UK consumers
Although energy drinks producers report record sales, a new survey by Canadean finds that more than half of energy drink consumers in the UK believe that the drinks are bad for their health. To secure the success of this fast-growing market, producers need to come up with healthier recipes and ingredients. The survey of 2,000 consumers in UK in September...
Asia Pacific: Hershey acquires 80% of Shanghai Golden Monkey Food Joint Stock
The Hershey Company has completed the initial closing and acquired an 80% stake in Shanghai Golden Monkey Food Joint Stock Co., Ltd. (SGM), a privately held confectionery company based in Shanghai, China. The acquisition costs Hershey RMB2,416.8 million (US$394 million). The combination of Hershey and SGM will accelerate both companies’ growth strategies. SGM’s well-established, trusted brand name and diverse product offerings provide...
Americas: ADM, Marubeni expands joint venture company with more grain export elevator operations
Archer Daniels Midland Company (ADM) and Marubeni Corporation have expanded their joint venture company Kalama Export Company LLC (KEC) in the US Pacific Northwest. This comes as a result of Marubeni’s contribution of its grain export elevator operations at Terminal 5 in The Port of Portland, Oregon, to Columbia Export Terminal, a subsidiary of KEC. In connection with the transaction, the...
Europe: Rising imports, foreign investments to boost Chile’s packaging market
The future looks bright for the Chilean economy, which in recent years has benefited from rising exports and foreign investments. This new optimism has had a positive effect on the country’s packaging market, reveals new report from Canadean. Foreign direct investment boosts retail market Foreign Direct Investment (FDI) rose by 63% in 2012 and this growth in the Chilean economy has helped...