‘The growth trajectory of chocolate and candy over the last two years … is quite a story’

We meet in the executive lounge in the McCormick Place Conference Center, which the NCA has taken over for the week with the Sweets & Snacks Expo 2022 taking up almost four-and-half acres of floor space, which signifies the biggest confectionery show in the North America is back to almost full strength after two years … Read more

Mondelēz to offload US gum brands, prioritises long-term growth

The decision comes after Mondelēz launched a review of its gum business last year. The company has begun looking for a buyer and there’s no timeline yet for a sale, a spokesperson told CNN Business. In an investor event held on Tuesday, Mondelēz updated its long-term algorithm to 3 to 5% organic net revenue growth, … Read more

Plant-based products help Nestlé with key growth as company commits to ‘business as a force for good’

Although its profit margins were hit by cost inflation, Nestlé witnessed continued retail growth and a recovery in out-of-home and said organic growth reached 7.5%, with internal volume growth of 5.5% and pricing of 2%. Total reported sales increased by 3.3% to CHF87.1bn, with foreign exchange reducing sales growth by 1.3% and net divestments by … Read more

Barry Callebaut on growth opportunities for chocolate

According to Barry Callebaugh Chocolate Trends 2022 ReportIn fact, 88% of American consumers report having purchased chocolate in the past three months, and nearly two-thirds (65%) say this is their preferred indulgence. Sales of chocolate in North America, the No. 2 market for chocolate confectionery, exceeded $23 billion in 2021, with the United States accounting … Read more