Spice company McCormick said yesterday that its Q1 profits and
sales were lower than expected, pushed down by struggling vanilla
prices, but remained confident for the rest of the year, writes
Philippa Nuttall.
Legislation governing the production and marketing of products
aimed specifically at Russian children needs to be completely
overhauled or the nation could face serious health problems in the
future, suggests new research, Angela...
The news this month that the world's number one drinks giant Coca
Cola has linked up with Tate & Lyle's Splenda sweetener in a
new branding venture could signal the beginning of a new wave of
ingredient - manufacturer...
Russia's leading dairy and juice producer Wimm-Bill-Dann has
announced it will merge its juice and water businesses as part of a
restructuring plan devised to stop rising transport and raw
materials costs from damaging profits,...
Soy isoflavone research firm Nutri Pharma is embarking on a new
strategy designed to eliminate risk relating to reliance on
marketing partners for its intellectual property.
Marketers of fast moving consumer goods in Russia may now think
twice about using free samples to promote their products, following
a decision to tax them. Angela Drujinina reports.
Solnechnie Produkti is confident that its low-calorie brand of
mayonnaise has the potential to occupy seven per cent of the
domestically produced generic mayonnaise market in Russia and two
per cent of the mayonnaise market in general,...
Brewer Yarpivo is growing twice as fast as the rest of the Russian
beer market, which itself has been expanding at an annual rate of
seven per cent. Angela Drujinina uncovers the strategy
behind the success.
Swedish manufacturer Semper aims to increase exports of baby food
to Russia, as the market there is growing much faster than in many
other countries, writes Angela Drujinina.
The ingredients division of Danish cultures and colours firm Chr.
Hansen pulled in a DKK 369 million (€49m) profit for the year on
sales of DKK 3.4 billion (€460m), a slight dip on the previous year
on rising costs.
A soaring premium beer market in Russia and growing consumption in
Poland and Romania are driving forward a major international
brewer's European profits by offsetting problems in Hungary and
Slovakia, writes Chris Mercer.
Russian juice brand Dobriy was one of just a handful of food and
beverage products to win an award at this year's Brand of the Year
ceremony held recently in Moscow. Despite a somewhat old fashioned
image, the brand continues...
Barry Callebaut, the world's top supplier of industrial chocolate
to the confectionery industry, has delivered strong profit for the
year, boosted by the integration of recently acquired US
confectionery firm Brach's and...
Russian confectionery group Mechta has launched a new premium
product line - the latest in a growing number of local producers
entering an upmarket segment which was once the sole domain of
western companies. Angela Drujinina reports.
Russian edible oils producer Solnechnie Produkti has reported sales
growth in excess of that for the market as a whole, the second
major producer to do so in as many weeks. As with market leader
NMZhK, Solnechnie Produkti's growth...
Nearly 150,000 visitors streamed through the doors of Europe's
major food fair SIAL 2004 in Paris last week that presented more
than 460 product innovations from 40 countries.
European bakery ingredients leader CSM will chip away at its German
subsidiary as the firm announces job cuts and restructuring efforts
to bring about savings and underline its focus on becoming an
international bakery supplies player.
The organic food industry is reporting high levels of growth, even
managing to edge in on conventional dairy market territory. But
organic producers are worried that sales will stall, after rising
production costs have left no room...
First half sales at Aarhus United fell 3 per cent, eroded by price
competition in bulk oils, but improved volumes, particularly in
Mexico, and reduced costs helped it generate solid operating
profits.
CSM, the Dutch food ingredients company, is considering the sale of
its sugar confectionery unit in order to concentrate on its core
bakery supplies and sugar operations - despite a very poor
performance from the bakery unit in the...
A rise in product costs clipped half year figures for international
colours and flavours group Sensient Technologies as the firm
reports a 15.8 per cent drop in profit for the first six months.
Weak sales of fruit preparations hit European sales for number two
flavours group International Flavours and Fragrances (IFF) with the
firm reporting an overall drop in sales for the region but growth
elsewhere keeps firm on track...
Marketing and sales strategy pays off for UK-based firm Muntons
Malted Ingredients (MMI) with turnover increasing more than three
times in as many years.
Spanish ready meal sales grew by 7.5 per cent in 2003, another
clear example of how Spaniards are rapidly embracing modern
culinary trends and shedding the tapas image. And with the
category still relatively underdeveloped compared...
Leading chocolate ingredients supplier Barry Callebaut is targeting
the European chocolate and cappuccino vending mix business with the
acquisition of cappuccino mix company AM Foods from Nordic dairy
firm Arla Foods.
Confirmation that food marketers will continue to roll out food
products targeted at children is evident in a new study that
reports British kids aged between 7 to 14 years old receive a
massive £1.5 billion in pocket money and financial...
Hungarian canned and frozen food manufacturer Globus says it is
planning on developing its sales growth by focusing on its
distribution channels for medium sized retailers in both the
Austrian and German markets, writes Simon Pitman...
Growing consumer awareness of the health benefits of soya
consumption is reinvigorating sales of soy drinks in south-east
Asia, according to a new report from OrganicMonitor. And while the
category is dominated by Asian manufacturers,...
With a plethora of brands from which to choose and long-established
patterns of consumption, the prospects of significant growth in the
French chocolate market might seem remote. But a new report
suggests that there is plenty of movement...
There is a growing section of UK society which is still largely
untapped by the food and drink marketers, despite a growing number
of products, in particular functional food and drink products,
likely to appeal to them. The consumers...
Acquisitive ingredients firm Kerry will spend €170 million on four
bolt-on flavour acquisitions announced yesterday as the €3.7
billion Irish company continues to consolidate its position in the
highly competitive flavours market....
The all-important market for caramels in Russia continues to be
encroached upon by cheaper imports from Ukraine helped by good
sugar supplies, according to findings from a recent market report.
In the thriving world of snacks the key to success for food
developers will be in designing time-positioned, healthy and guilt
free indulgences as the consumer becomes more fussy, says a new
report from Datamonitor that shows UK snackaholics,...
Packaging plays an increasingly important role in the marketing of
new - and existing - food and beverage brands, but few companies
consider the benefits of keeping ahead of the competition in the
anything other than the short term,...
British retail chains have led the way in terms of own label
development, with many chains having several different ranges at a
number of price points and quality levels. But with new research
suggesting that own label penetration...
Significant investment into production facilities and new product
launches seem to be paying off for Heidi Chocolats Suisse Romania,
after the company announced that its sales for the month of
February grew by 80 per cent.
Competition in the European non-dairy sector stepped up last month
when the American organic and natural foods giant Hain Celestial
acquired the German soya-based desserts firm Natumi. A move set to
challenge the dominant player -...
Wimm-Bill-Dann Foods has been hard hit by increased sales,
marketing and distribution costs of widening product portfolio. The
Russian dairy giant announced that its net income had fallen 40 per
cent, despite a significant increase...
The last few years have seen a sharp increase in the number of
discount stores throughout Europe, with recessions in many of the
Continent's leading economies prompting consumers to tighten their
belts and shop around for bargains.
Raising consumer awareness of functional foods generally falls into
the hands of food manufacturers. But recently formed soy
ingredients firm The Solae Company announced this week that it will
invest millions of dollars in a TV campaign...
A report into the benefits of assurance for the UK meat and
livestock sector suggests that there is a need to increase the
momentum of assurance as a means of protection.
UK manufacturer of aroma chemicals for food, Oxford Chemicals, made
moves this week to extend the company's reach in the US signing on
a US company for distribution.
Stiff competition amongst western European beer producers is
continuing to drive growth in the Romanian beer market, as all of
the country's major producers reported significantly higher sales
for 2003, culminating in a 12 per...
Lactimilk, the subsidiary of Spanish group Ebro Puleva which
produces the Leyma, Ram and El Castillo brands, is to invest
between €36 and €45 million over the next three years in
relaunching all three brands.
Regular consumption of the sugar replacer Isomalt appears to have a
prebiotic effect on gut bacteria, according to preliminary findings
of a study being carried out in Germany.
A sluggish market hit by falling exchange rates, unrest in the
Middle East and SARS in Asia all contributed to a drab organic
revenue of 2 per cent for the year, Danish ingredients company Chr.
Hansen reported this week. But the tide...
