After the recent boom of cereal and granola bars in the US, sales
of these products are expected to slow over the next few years,
according to a new report. However, opportunities for growth still
remain, particularly through targeting...
Children should be protected from exploitative marketing techniques
used on the Internet, according to a new report from the
International Obesity Task Force.
Consumers are increasingly seeking out private label products that
are unique with improved marketing and packaging, according to a
new report, which claims the US market is ready to see more private
label.
Enzyme giant Novozymes has maintained a high earnings level
throughout the first half of 2006, with growth in sales and
operating profit of 8 per cent and 10 per cent respectively.
The world's largest frozen foods business Bird's Eye plans to sell
five US factories that make non-branded products, and instead
concentrate on its more profitable trademarked range.
Eight out of the world's top 10 food brands now target children
through online marketing, prompting a discussion into current
self-regulatory guidelines.
Britain's biggest wine warehouse Majestic Wines said growth in the
premium wine market brought a 10.7 per cent increase in year end
operating profit, encouraging the firm to expand its UK shop base.
Japanese food and pharma group Ajinomoto will expand its seasonings
business in Vietnam in a bid to significantly boost sales in the
next three years, according to a report.
A new version of the popular sweetener product Splenda is to hit
the retail market, a move that suggests its marketers are stepping
up efforts to cement the brand in consumer consciousness before the
inevitable arrival of alternative...
Britain's fifth largest supermarket chain Somerfield today
announced a new advertising campaign with the slogan "giving you
what you want", but has taken the unfashionable step of sidelining
ethical practices.
Food firms must carefully target their health food products to
specific sectors of the population if they are to succeed,
delegates at this week's Vitafoods event learned.
Yesterday American-owned Sara Lee reported a massive 77 per cent
drop in third quarter operating profit from $189m last year to $42m
in 2006, impacted by a vast portfolio cull.
The launch of Asda's first hard discount store marks a new era in
budget grocery shopping as the 'big four' supermarkets compete with
discounters to attract price-savvy consumers.
A federal court has dismissed a lawsuit brought by McNeil
Nutritionals, the marketer of Splenda, against the Sugar
Association, accusing it of false advertising.
Food and beverage firms making premium products will cope best with
the current surge in price of both Chinese and imported sugar, with
higher margins to cover the rise in costs.
UK company Multiple Marketing has developed a new range of
functional cereal bars in an attempt to cash in on the increasing
demand for nutritionally beneficial and innovative wellness
products that deliver functional health benefits.
The Sugar Association has filed a petition with the Food and Drug
Administration (FDA) requesting the establishment of a clear
definition for the use of the term 'natural' on food and beverage
product labels.
Britain's second largest supermarket Asda has announced a £102
million investment to lower prices on key products so far this
year, turning up the heat on rival chains.
Israel-based Algatechnologies says the little-known carotenoid
astaxanthin is set for rapid growth in coming years, with strong
interest from Japan prompting it to boost both capacity and
marketing activities this year.
Quebec-based Advitech said today it has reached an agreement with
US company PhotoMedex to market and distribute its whey-derived
psoriasis supplement in the US.
Talks between global retail giant Carrefour and its suppliers are
underway as new French legislation governing backroom deals and
pricing strategy hits the statute books.
The global private label goods trend will continue to enjoy record
expansion and eat into famous brand profits if manufacturers fail
to adopt winning strategies to combat competition, say analysts.
Food processors are a growth market for pest control companies as
they traditionally rely on staff to keep insects and rodents at
bay, according to a new report.
Leading ingredients group Danisco posted a 21 per cent rise in
sales for the first six months thanks to the acquisition of enzyme
business Genencor and organic growth in cultures and texturants.
German discounter Lidl has become the second grocer this month to
bear the brunt of French legislation, in a move to protect
suppliers from the excessive demands of powerful retailers.
Tate & Lyle believes that developing a better understanding of
food manufacturing concerns will enable the company to deliver
better ingredient solutions.
Cargill Juice Beverage Applications believes it can help beverage
companies capture new trends and develop products in categories
they may not have tackled before.
Merck Médication Familiale, the French subsidiary of Merck Consumer
Healthcare, has introduced its first standalone probiotic
supplement on the French market, following the strong demand for
its multivitamin-probiotic combination.
A 40 per cent increase in marketing funds should help French wine
makers tackle falling sales in the UK and combat the very real
threat from New World wines.
UK sweetener supplier Tate & Lyle announces it will host a
series of presentations to American investors over the coming days,
news that sees the firm's shares jump.
Sucralose supplier Tate and Lyle warns profits at its European
sugar refining business have been "substantially reduced"
due to higher costs and oversupplies.
With sales growth up and operating profit down in the second
quarter, Belgian supermarket and food group Delhaize serves up
another sign to processors that their western European market is in
direstraits.
Raisio's Benecol products are emerging as the major driver of
profits at the firm, following many years as a loss-making
activity, reports Dominique Patton.
If food manufacturers can achieve a better understanding of how
consumers interact with brands, then product development could be
less of a hit-and-miss affair, writes Anthony Fletcher in New
Orleans.
BakeMark UK, subsidiary of Dutch ingredients firm CSM, is hoping to
cash in on the rapidly growing UK market for Indian foods,
announcing yesterday the launch of a new Indian snack product.
Barry Callebaut, the world's largest supplier of bulk chocolate,
plans to cut costs in Europe as the Swiss firm posts a fall in
revenue for nine month figures.
Danish ingredients group Chr Hansen, shortly to be sold to private
equity firm PAI, posts a small rise in revenue and a decent boost
in pre-tax profit for the nine months to May, reports Lindsey
Partos.
Our journalist Angela Drujinina brings you the latest
research on Russia¡¯s chocolate market, including producers¡¯
concerns, the market situation and market leaders.
Demand for frozen seafood is growing rapidly in Russia backed by
health claims on packs, but the dominance of selling from loose
remains a big challenge, reports Angela Drujinina.
Russian cocktail maker Happyland has turned one brand into three to
try and take advantage of rapidly growing demand for low-alcoholic
cocktails containing fruit juices, reports Angela Drujinina.
Private label organic juices are boosting sales volumes, helping to
propel the organic juice sales in North America to increase by a
considerable 21.4 per cent in 2005, claims UK market analysts
Organic Monitor.
Low growth and higher production costs in the US knock first half
profit for Chr Hansen's ingredients business, that posted a 9 per
cent fall in profit for the first six months of the year.
A fresh round of price cuts from the two biggest UK food retailers
increases the pressure on suppliers' margins and intensifies
competition between own-label and branded producers, forcing them
to find new ways to adapt, writes...