Confection and snack maker Mondelez’s volumes and market share inched up alongside strong sales in the second quarter despite implementing price hikes similar to competitors that report flat units in the face of inflation.
While recent price hikes may be reinforcing sales of Hershey’s confections and snacks, they are taking a toll on how much consumers buy – a dynamic compounded by inventory constraints and promotional shifts that executives optimistically project will...
Nestlé has reported better-than-expected first-half organic sales in its half-year results for 2023 and said it improved its full-year organic sales outlook after raising prices to cope with higher production costs.
Unilever PLC executives suggested during the firm’s July 25 first-half earnings call with analysts that inflation has peaked, but that its effects will continue to be felt, especially in its food-related business categories.
Scientists at the University of Alberta have discovered a way to create a plant-based gelatin substitute from pea protein and are already collaborating with a multinational leader in plant-based ingredients.
Even though overall prices for food consumed at home held steady in June after inching up slightly in May, the impact was not even across all categories – causing consumers to continue to trade down and make tough decisions in the grocery aisles to balance...
The American Bakers Association (ABA) is partnering with the American Society of Baking (ASB) and Retail Bakers of America (RBA) to give bakers an even stronger voice with US Congress.
At IFT FIRST this month, food and beverage ingredient companies from across the supply chain will gather to demonstrate their latest innovations in indulgent tastes, as CPG brands look for product solutions to meet the consumer demand for sweet treats...
At the Summer Fancy Food Show in New York City late last month emerging and established brands were going back to basics with simplified ingredients, streamlined packaging, clear cut benefits and natural – if not always familiar – flavor profiles.
London-based sustainable chocolate brand Love Cocoa’s mission to drive positive change within the chocolate industry has received an added boost after recognition as a certified B Corporation, achieving an overall B Impact Score of 88.3.
There are three major concerns about the use of AI in the food industry, with the majority of benefits at present related to market research and advertising strategies – as evidenced by Coca-Cola – according to an industry expert.
Recent bad weather in West Africa has threatened cocoa production resulting in record-high prices for the commodity on the Intercontinental Exchange in London.
Whole Foods Market’s newest store opened this week in the historic Walter Reed Parks in Washington, DC, as an anchor for the redeveloping neighborhood and a new opportunity for area startups hoping to break into the competitive food and beverage industry....
FoodNavigator-USA visited HI-Chew's pop-up to speak with Teruhiro Kawabe, Chief Representative for the USA & President, CEO of Morinaga America Inc. and Joanne Hsu, senior brand marketing manager, to discuss the brand's HI-Chew bites launch.
Snack maker Mondelēz is embracing in-store and digital shopping experiences, as the company is committed to the direct-to-consumer (DTC) model for the long haul, company director of global eCommerce Abhishek Ahluwalia told FoodNavigator-USA in an interview...
Halfway through the National Confectioners Association’s National Candy Month campaign and new data reveals 47% of consumers are seeking out ‘healthy’ candy options to lower their sugar intake.
Due to the rise in grocery prices, consumers have transitioned into value shoppers, prioritizing price sensitivities over brand loyalty. This shift has opened an opportunity for smaller retailers to more efficiently meet consumer needs by leveraging their...
Critical supply chains are finally “normalizing” after the pandemic and Russia’s invasion of Ukraine disrupted transportation and slowed production, triggering bottlenecks and driving up inflation to 40-year highs, according to a White House report card...
Legislation reintroduced yesterday could add another layer of oversight – and office – for food safety at FDA as the agency reimagines and tries to repair what many consider a broken review system for the nation’s food supply.
Natural cereal brand Three Wishes is tapping into a tried-and-true nostalgic flavor for its latest limited-time-offering with s'mores, as the brand looks to capitalize on the demand for better-for-you and allergen-conscious food products, brand CEO...
The company’s manufacturing plant in Bloomington, Ill.n will feature a chocolate processing facility and a Kinder Bueno production line. The plant is expected to strengthen the company’s presence in the US, while showcasing its diverse portfolio, Hugh...
Cargill's consumer preference study revealed that despite the widespread popularity of gelatin-based gummies, participants overwhelmingly favored a softer gummy texture made from alternative ingredients like pectin or tapioca.
While e-commerce impulse buys are evolving, in-store purchases are still critical in capturing snack and candy consumers—with the self-checkout lane offering tremendous potential growth for both brands and retailers, Kathy Risch, senior vice president,...
Despite inflationary pressures, consumers at all life stages continue to treat themselves both in-store and online with candy and snacks, Acosta Group's Kathy Risch shares in this first story in the two part series about consumers' candy and...
Whether as daily delights or a moment of self-care, consumers are turning to bakery items in a range of flavors, including established classics and globally inspired tastes, as the overall market also provides better-for-you options, Sarah Hickey, senior...
In a bid to create a more “memorable” identity, Israeli food-tech company DouxMatok is rebranding to share the same “single, powerful” name as its signature sugar reduction product – Incredo – which it plans to further develop and commercialize with the...
A draft compliance policy guide published in today’s Federal Register outlines how FDA plans to enforce major food allergen labeling and the risk of cross-contact, but does not directly address the unintended consequences of the recent addition of sesame...
A lack of transparency around 2025 Dietary Guidelines Advisory Committee members' affiliation with industry trade groups and multinational brands sparked scrutiny by public health advocates after last week's committee meeting.
During “The Promise and Pitfalls of Generative AI for Food and Beverage Operations” webinar, Nick Markman, senior product manager, Evocalize, explained that while the risks of producing misinformation from generative AI are significant, it’s up to brands...
The World Health Organization (WHO) has released a new guideline on non-sugar sweeteners (NSS), which recommends against the use of NSS to control body weight or reduce the risk of noncommunicable diseases (NCDs).
With new inventions and innovations coming thick and fast, the plant-based confectionery category is increasingly shifting into the mainstream market with big brands like Mars entering the space in the past couple of years.
Barry Callebaut Group has announced significant changes to its Forever Chocolate sustainability programme adding additional targets and sharpening existing ones as it looks to make sustainable chocolate the norm beyond 2025.
Across income groups, shoppers continue to focus on value although retailers have an opportunity to instill a competitive edge by enhancing private label strategy.
The Alliance for Fair Sugar Policy (AFSP) urges Congress to make “reasonable targeted changes to the US sugar program” to help lower food prices, reinforce supply chains and make American businesses and farmers more competitive on the global playing field.
Discount stores need to keep a close eye on pricing strategies to remain competitive and balance affordability with product displays and differentiation, advises one industry insider.
Hershey's net sales increased 12.1% to $2.98bn thanks to price and volume gains across both confectionery and salty snack segments, driven heavily by consumer demand and media investments.
Biscuit and chocolate giant Mondelez International nearly doubled its outlook for fiscal 2023 after delivering its “best quarter ever” with organic revenue growth up 19.4% to $1.5bn over the same period last year and “significantly ahead of [an] already...
Nestle’s near double-digit price hike across its portfolio of coffee and confections over the past three months helped buoy sales and offset a notable jump in costs without significantly dragging down volumes, prompting executives and analysts to characterize...
Day one of the Center for Science in the Public Interest (CSPI) Sugar Reduction Summit centered around the organization’s sugar reduction initiatives for all food and beverage categories, aligning with USDA and the New York Department of Hygiene and Mental...
Similar to previous partnerships between SweetLeaf and the American Diabetes Association (ADA), the collaboration intends to bring more visibility towards diabetes risk and management and provide actionable ways for people with diabetes to improve their...
Discussions between FMI – The Food Industry Association’s Government Relations Committee and lawmakers will surround Farm Bill reauthorization, food safety regulations and credit card competition, among others on April 19, 2023.
In a controversial move that could have a ripple effect for food and beverage manufacturers nationwide, California Assembly’s Committee on Health approved AB 418 -- bringing the state one step closer to potentially banning brominated vegetable oil, potassium...
The no-code electronic data integration software offers automatic compliance testing, certification services and onboarding amenities to connect food and beverage brands with a network of trading partners.
The fintech platform, along with the Global Entrepreneurship Network, intends to help small to medium-sized businesses access capital with the launch of the Equitable Access Program and its first product, the Business Health Score.
Citing numerous studies that suggest Red Dye No. 3 could be carcinogenic, The Center for Science in the Public Interest and a coalition of 23 other associations want FDA to remove the color from its list of approved additives in foods, dietary supplements...
Raising prices while simultaneously shrinking products to offset higher inflation could cost brands more in the long term, suggests a new survey from YouGov that found consumers turned off by shrinkflation are turning to private label.
US Consumers plan to spend a collective $24 billion on Easter this year, up from $20.8 billion in 2022 and the previous record high of $21.7 billion in 2020, according to the annual survey released today by the National Retail Federation and Prosper Insights...
In news over-shadowed by the shock resignation of CEO Peter Boone, Barry Callebaut announced sales volumes in the six months ending 28 February fell 2.9% to 1.13 million tonnes and has lowered its sales volume guidance as inflationary pressures continue...