How Sustainability Will Drive Confectionery Product Development

SPONSORED CONTENT Sustainability has become mainstream as major companies and their customers are embracing purpose-driven brands. These brands are winning customer loyalty by promoting their unique mission and creating products that have a positive impact on the environment, people and society. THE FACTS A ...
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Global Chocolate Market To Grow Around 7% By 2023

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Dublin — Worldwide chocolate sales are expected to have a compound annual growth rate near 7 percent through 2023, according to Research And Markets. A key growth driver is packaging innovations to both improve shelf life and consumer engagement, according to the market research company. ... Read More »

Flexible Packaging Market To Hit $179B By 2025

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San Francisco — With a projected compound annual growth rate of 3.9 percent, the global flexible packaging market is anticipated to be worth $179.69 billion by 2025, with significant demand from food & beverage and healthcare industries stimulating the market, according to Grand View ... Read More »

Barry Callebaut Finalizes Supply, Facility Acquisition Agreement With Burton’s Biscuits

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Zurich, Switzerland — Barry Callebaut AG and Burton’s Biscuit Co. have closed their agreement for the long-term supply of more than 12,000 metric tons of chocolate and compound annually and the supplier’s acquisition of Burton’s Moreton, Wirral, chocolate manufacturing plant. The Moreton factory is immediately ... Read More »

Food Gifting Heats Up At Winter Holidays, Candy Remains Most Prevalent

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Rockville, MD — More than half (54 percent) of shoppers that purchased food gifts during the past 12 months did so during the winter holidays, while 29 percent of consumers that bought a food gift for themselves also did so during period, according to survey ... Read More »

Fuji Oil Holdings Moves To Buy Blommer Chocolate

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Chicago — Blommer Chocolate Co., the third largest industrial chocolate manufacturer in the world, has entered into an acquisition agreement with Fuji Oil Holdings, Inc., a global supplier of oil and fat ingredients, the U.S. chocolate supplier reports. “For nearly 80 years, our family ... Read More »

Food Stabilizers Market To Grow 4% Annually By 2023

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Chicago — The global food stabilizers market is anticipated to increase 4 percent, compound annually, by 2023, with total sales reaching $2.8 billion, according to MarketsandMarkets Inc. Consumer interest in natural items, increasing demand for customized products by food manufacturers and versatility in food ... Read More »

Nassau Expands Its Customized Products Division

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Hicksville, NY — Nassau Candy Distributors, Inc. is expanding its Brijon Hospitality division, responsible for the company’s customized products. Brijon, acquired by Nassau as part of its acquisition of Lanco in 2017, offers what the company describes as the broadest full-line customization capabilities in North ... Read More »

Mintel 2019 Trends: Elevated Convenience, Healthy Aging

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Chicago — Consumers focusing more on manufacturers sustainability programs, food products influenced by beauty and personal care industries and a premiumization of convenience are among Mintel Group Ltd.’s trends for the coming year. Sustainability is now encompassing the entire product lifecycle, requiring collaboration between suppliers, ... Read More »

Peterbrooke Chocolatier Expanding In Palm Beach

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Palm Beach, FL — The newest Peterbrooke Chocolatier location will open in Palm Beach on November 24, and shoppers will receive a six-ounce pack of the company’s signature chocolate-covered popcorn. Additionally, visitors will have the chance to hand dip treats, make chocolate bark, and sample ... Read More »

Hershey Trust Sells 4.5M Shares Of Hershey Co. Stock

Hershey, PA — Hershey Trust Co. has reached an agreement to sell 4,050,000 shares of The Hershey Co. common stock to Morgan Stanley. An additional 450,000 shares are being sold by the trust to The Hershey Co. The sale does not change the Trust’s majority voting ... Read More »

Pez Names Greenstein Marketing Director

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Orange, CT — Jordan Greenstein has been appointed marketing director for Pez Candy, Inc., and will be responsible for continuing to strengthen and evolve brand affinity, drive innovation and accelerate revenue growth as he oversees marketing, licensing and product development functions, according to the candymaker. ... Read More »