UK start-up Yumello has developed a range of nut butters that champion ingredients from Morocco’s Atlas Mountains, including the nutty, rich and slightly sweet argan oil.
Lebanese company Master Chewing Gum & Candies has introduced a gourmet gum brand in unconventional flavors such as mojito as it looks to seize on the Middle East’s changing gum market.
Africa has the greatest potential for growth in food consumption over the next 25 years, according to a report, as the continent’s young demographic and lower-than-average calorie consumption provides huge export potential.
Better-than-expected first-half sales growth has allowed the world’s biggest food company, Nestlé, to confirm its 2015 outlook despite poor exchange rates leading to decreased profits.
Nestlé has reported a better than expected sales jump of 4.4% with sales totalling CHF 20.9bn (€20.25bn), boosted by sales of bottled water and chocolate.
Following a major manufacturing upgrade, Mazola in the Middle East is targeting 25% growth in sales over the next two years, and plans to extend its range of products.
Private equity firm Abraaj Group has acquired a stake in Moroccan chocolate company Kool Food and plans to expand distribution in the Middle East and Africa.
Vita Coco, the top-selling coconut water brand in the US and UK, is now entering the high-potential Middle East beverage market, one of its key executives has revealed.
Malaysia is actively looking at the UAE as a gateway for entering the potentially high value halal markets in North Africa, Middle East and Europe, a top Malaysian government official revealed.
Currently the Middle East represents just over 3% of Brazilian confectionery exports, but potential far exceeds that, according to Brazil's industry trade association.
Portuguese fruit preparations firm Frulact Group has agree to sell its 51% controlling stake in its Algerian joint venture, withdrawing from unit in July.
Low/non-alcoholic beer is the fastest growing beer category of the past five years, with a 7% volume CAGR, although off a low base, according to a Euromonitor International analysis.
The acquisition of the fruit processing and flavour’s unit of Egyptian firm Delta Aromatic will help ingredients giant Döhler Group’s bid to expand into ‘dynamic’ African and Middle Eastern markets, says the firm.
Young, self-confident and increasingly wealthy populations in North Africa and the Middle East offer big opportunities for food and beverage firms – but there are risks too, according to ingredient company Wild GmbH.
Exploiting expected growth opportunities in the Middle East and Africa, AB Enzymes reports it has initiated a tie-up with one of the main distributors in the region – Orkila - to aid its penetration into the bakery, beverage and food specialities markets.
After a two month delay, sugar giant Agrana has started production at its new Egypt plant that will supply prepared fruit to dairy companies in the Middle East and North Africa.
Flavourings supplier Symrise claims it is now in a leading position for serving local clients in bakery and confectionery goods in the Middle East after establishing its own manufacturing site in Dubai.
German flour improvers specialist Muhlenchemie has many years' experience in the fast-growing bakery markets of Africa and the Middle East - but each country and bread-eating culture requires a slightly different approach.
The emergence of more small to medium size food manufacturers in Algeria has led National Starch Food Innovation (NSFI) to appoint a local distributor, so it can better meet their needs for smaller orders and reactivity.
Symrise has acquired fragrance and flavours maker Futura Labs to tap into opportunities in the fast growing regions of North Africa and the Middle East.
Cargill Texturizing Solutions has set up the global corporation’s first office in Algeria, as it spies growing opportunities for its ingredient range in the high growth North African market.