Leading ingredients firm Danisco has announced its second licensing
deal for the Howaru probiotic strain with Chile's biggest dairy
processor Soprole. The agreement looks set to generate significant
interest among food makers...
Lutein supplement maker Kemin Foods has received an award from
market research firm Frost & Sullivan for its promotion
campaign for the FloraGLO brand.
Facing up to the current challenging economic climate Danish
ingredients company Chr Hansen last month lifted previous profit
forecasts for the year on the back of decent ingredients growth and
higher exchange rates. Next week at...
Dutch industrial chemicals maker DSM said on Monday its profit in
the second quarter had fallen 75 per cent lower than in the same
period in 2002, as lower sales volumes and falling prices hit the
chemicals market.
Bord Bia - the Irish Food Board - hosted a consumer food and drinks
industry day this week in Dublin. Entitled 'Paths to Growth', the
conference was attended by representatives from more than 100 Irish
food, drink and ingredients...
US spice giant McCormick & company posted an improved set of
figures for the third quarter boosted by strong sales, acquisitions
and better distribution.
McVities is relaunching its low-fat range of biscuits and cakes
sold under the Go Ahead! brand, with a new pack design and a number
of new products. But is the decision to market the range as
offering both health benefits and all...
A new alliance, the first of its kind in Denmark, aims to focus on
new technologies to lead to faster and more targeted production and
marketing of new products for the dairy industry. Danish enzyme
company Novozymes will join up...
A sustained marketing effort which helped add more than 60,000
customers over the last year is beginning to pay off for Toupargel,
the French frozen food retailer. And the fresh food arm is finally
beginning to make headway as well.
The retail price war currently being waged by the major Swiss
retail groups has hit sales at the convenience store operations
owned by the Bon appétit group.
Sales of Britvic's new milk-based carbonate Freekee Soda, launched
earlier this year, have been disappointing - evidence of the
difficulty of marketing any new product to that most fickle of
consumers, the teenager, claim market...
The share of private label products on supermarket shelves around
the world continues to grow, as visitors to last month's World of
Private Label exhibition discovered.
Spanish olive oil processor Koipe is facing censure over alleged
price fixing after the country's competition authorities agreed
this week to investigate a claim made by the OCU consumer group.
Consumers are increasingly looking for products which are
inherently cool, and while clothing and footwear may be more
obviously fashionable than consumer packaged goods, marketers in
the food and drink industry are increasingly recognising...
Cognis Nutrition and Health used the Vitafoods exhibition taking
place in Geneva, Switzerland this week as the right platform to
launch its Tonalin CLA to the European market.
Lower sales volumes and higher selling expenses resulted in a drop
in net sales for the first quarter ended 31 March 2003 for US
company Technology Flavors & Fragrances (TFF).
Sainsbury's, the UK's number two food retailer, has reported
preliminary figures for the fourth quarter and full year 2002 which
show that the company's programme of restructuring over the last
few years is continuing...
Products are often marketed to specific segments of the population
- although the best ones tend to have a general appeal - but the
artificial segmentation of the market means that some groups are
missing out, claims Datamonitor.
Investing in brands, even in times of recession, is the best way
for smaller food companies to ensure their survival once the
economic situation improves. But this investment need not be in
classic advertising formats, and can take...
Irish cheese maker Glanbia has announced it is ready to expand its
operations. A reduction in borrowing and a strengthened financial
position have enabled it to consider building its core business
areas through acquisitions, write...
Belgian retail group Colruyt has continued its expansion into the
wholesale food distribution business with the acquisition of two
Paris-based companies, Jean Didier and Harrydis.
Following the declaration last week that it is to invest in the
food enzyme side to its business, Danish enzyme company Novozymes
yesterday reported 'the best year ever' for 2002 with sales rising
7 per cent from DKK 5,271...
Nutraceutical Clinical Laboratories International has said that
tests conducted at its research and development facility have
demonstrated that one of its preservatives, NuPreserv, has been
proven to significantly extend the shelf...
Two Oceans, the international wine brand from South Africa's
Distell group, posted impressive sales in 2002, led by both
domestic improvements and by strong sales in core export markets
such as the UK, Canada and Sweden.
The UK subsidiary of US spice and flavour company McCormick has
completed the purchase of the UK condiment business Uniqsauces for
£12.15 million (€18.5m) cash from Uniq, the European chilled
convenience food group.
A US court has banned Mexican manufacturer of poultry pigments
Pigmentos Vegetales (PIVEG) from selling its purified lutein
product suitable for human consumption on the grounds that it
violates a patent held by Kemin Foods, the producers...
New report confirms the growth of the non-dairy drinks sector as
the health and nutrition trend gains pace growth. Competition in
the burgeoning sector is set to increase, with the big players
turning to new product development as...
A six-week on-pack promotion linking Iced Gems with the animated
film The Ice Age is designed to help Jacob's Bakery establish the
brand as a popular lunchbox favourite.
Despite new regulations limiting the price discounts retailers can
offer, E. Leclerc has maintained its position as the leading French
retailer in terms of market share, stealing sales from all its main
rivals, the company claims.
The market for top-end Cognacs or Single Malt Scotch whiskies is
set to grow as consumers across Europe become wealthier. But too
much growth is a bad thing, warns market analyst Datamonitor, as
the products become less prestigious...
Cheese and nutrition remains a focus for Irish food ingredients
company Glanbia but difficult international dairy markets had a
negative impact on the financial year, the company confirmed in a
statement this week that accompanied...
Dutch food company Wessanen reported sales of €1,449.5 million for
the first half of 2002. Net sales remained close to figures for
last year's first half, while EBITA decreased to €36.6 million from
€43.2 million in the same...
DS Smith has further consolidated its position within the liquid
bag-in-box packaging sector with the recent purchase of German
company Zewathener. FoodProductionDaily.com spoke to the companies
marketing manager, Stephen Morris,...
US food technology company Spherix, the owner of the new sweetener
tagatose, announced this week that the company is to obtain its own
source of production for non-food uses of the product
A report by independent market analyst Datamonitor finds that
marketers need to reassess their strategies to account for the
growth in the number of over 50 year olds.
Almost half of all consumers questioned in a recent European survey
cited stress as a motivation for treat purchases. According to a
recent research consumers are willing to spend an average of 9 per
cent more on a treat purchase.
The Dutch group reported a rise in operating profit for the first
quarter of 2002 from the fourth quarter last year, an increase of
€27 million to €93 million, although net profit was still 36 per
cent below the same period last year.
Consumers might be interested in healthy bakery products but are
still not buying enough to merit dramatic changes in the production
for the bakery industry, reports a recent poll carrried out by
BakeryNet.com.
The US market for energy supplements is estimated to be worth more
than $1.2 billion (€1.37bn) in retail sales in 2001, and while
young, male consumers are the target audience for most energy
supplement producers, market research...
A consumer group is accusing the marketer of a fungus-based meat
substitute of "deceptive labelling" and has filed a
complaint with the US Food and Drug Administration, Advertising Age
reports.
The market for European phytonutrients producers appears to be
threatened by cheap imports from Asia, cites a new report from
market analysts Frost & Sullivan this week.
Farmer-owned food and agricultural cooperative Land O' Lakes
announced a $30 million advertising campaign to strengthen its
position as a leading brand of consumer dairy products.
Disappointing Christmas results have hurt UK frozen food company
Iceland's share price and recovery needs investment, market analyst
Datamonitor reports.
Indian makers of fast moving consumer goods (FMCG) posted mixed
results for the past quarter, but all face a similarly daunting
future: nearly stagnant demand for many products, with any rise in
profit coming primarily from cost cutting,...
Consolidation in the dairy products market has become necessary in
order to increase market share and optimise presence in a highly
competitive and uncertain market environment, Euromonitor
International reports.
US food and drink company Kraft Foods announced on Wednesday that
FS Acquisition Corp., a subsidiary of Catterton Partners, is to
acquire the U.S.-based Farley and Sathers confectionery businesses
from Kraft.
The market for soyfood products in the U.S. has experienced strong
and steady growth during the past 20 years and in 2000 grew by 21.1
per cent to reach US$ 2.77 billion (3.06 billion euros).
