The BRIC economies of Brazil, Russia, China and India will offer highest growth opportunities for folding cartons at almost 8 per cent annually until 2016, according to new industry research.
The results of the inaugural FoodProductionDaily.com survey gauging the outlook for the food and drink processing industry reveal that commodity and packaging material price increases, the bugbear of the past few months, are proving a challenge for 80...
Tetra Pak said stronger sales in the final quarter of 2009 and emerging markets offset declining demand in Eastern Europe and Central Asia as it posted an increase in net sales of 1.2 per cent for the year to almost €9bn.
A Food Standards Agency (FSA) survey has found that the overwhelming majority of UK consumers consider one per cent milk to be an acceptable alternative to semi skimmed.
Nampak announced a 60 per cent fall in profits in 2009 as its chief warned that 20 per cent of its operations must either turnaround or face being closed or sold off.
A Euromonitor International report has highlighted the rising importance of prevention of disease and unwellness as opposed to treatment in the minds of large swathes of consumers.
Traditional packaging development drivers such as creating brand identity, high speed filling, convenience and even protection have fallen in importance compared to environmental issues, suggests new findings.
Nearly 60 per cent of consumers pay attention to the environmental friendliness of food and drink packaging material during their grocery shopping, claims a new survey released today at Anuga FoodTec in Cologne.
Dairy drinks promoted with a health benefit in tow now account for more than 70 per cent of global launches, according to food market analyst, Innova Food.
US-based food producer Heinz has unveiled ambitious plans to reduce
its greenhouse gas emissions by 20 per cent by 2015 by using energy
generated from potato peel.
The food industry has a window to research ways to reduce saturated
fat in products before the UK's FSA starts its consumer awareness
campaign at the end of this year, says an expert from ADM who is
anticipating a swell of interest...
Unilever posted a 5 per cent improvement in sales during the full
fiscal year, on the back of its increased focus on products with
vitality benefits, emerging markets and personal care.
This week, Fonterra reveals its milk supply concerns, Saputo posts
profit growth from its North American focus, and Parmalat says it
is meeting its financial expectations for the year.
The majority of consumers do not think that nanotechnology should
be used in food applications, according to a survey from German
risk assessor BfR, and they are more likely to trust information
from consumer groups than politicians...
Danone was the world's leading producer of dairy products in 2006,
accounting for 5.1 per cent of total global sales, narrowly ahead
of multinational rivals Nestle and Kraft Foods, says market analyst
Euromonitor.
Italy-based Parmalat, one of the world's largest dairy companies,
yesterday reported a 5.4 per cent increase in sales boosted by
rising demand for its products in the nine months ended 30
September.
Danone has increased like-for-like sales by 8.2 per cent to €7.5bn
during the first half of the year as it continues to refocus its
operations towards health and nutrition.
Heineken announced yesterday that it has doubled its forecast for
net profit growth, with strong sales in emerging markets offsetting
slow growth rates in Europe and the US.
People on low incomes consume just as much unhealthy food and drink
as the general population, and so bad diets are the result of
personal choice, according to a study published by the UK
regulator Sunday.
In 2006, the price of beverages was on average two and a half
times more in the most expensive EU country than in the
cheapest, according to a Eurostat report.
A developing demand for premium products such as those
made with alternative ingredients is keeping the UK crisps
market on a steady 2.5 per cent growth rate, Mintel says
in a new report.
European confectionery private label market share is continuing to
grow strongly, according the latest statistics by Neilsen for the
Private Label Market Association.
The owners of Israeli food giant
Willi-Foods announced yesterday that they will sell
45 per cent of the company to international businessman
Arcadi Gaydamak for $40.5m (€30.1m).
Decline within Group Danone's Asian operations failed to dampen a
strong first quarter performance for the company as like-for-like
sales underwent a 10.1 per cent rise to €3.6bn.
The results of a consumer survey on healthy chocolate suggests that
the substance once considered solely as a sweet confectionery item
has made huge strides towards the realm of health foods.
Australia's dairy industry may see export earnings drop by more
than 24 per cent to under A$2 billion (€1.2bn) in 2006-07 because
of drought, potentially causing global prices to rise.
Sugar replacer firm Palatinit are set to highlight the trend
towards health and convenience in the growing sugarfree
confectionery sector at the ISM trade fair next year.
Food manufacturer Unilever has reported a 20 per cent decrease in
third quarter pre-tax profit of 1.12bn, despite bucking the trend
in the European market.
Scientists at Symrise have reported the potential of benzyl amides
as potential bitter-masking compounds for food and drink, research
that may lead to cheaper alternatives for food scientists and
formulators.
Driven by tougher waste legislation and set EU targets, the
recovery of plastics in the bloc is growing steadily, according to
a new report by Applied Market Information (AMI).
European post-consumer polyethylene terephthalate (PET) collection
recycling rates reached 796,000 tonnes in 2005, a 15.1 per cent
increase over the previous year, according to a trade association.
World coffee production over the next year will rise by nearly ten
per cent, or nearly 11 million bags, over the previous year,
fuelling a rising demand for the brew, according to a forecast
report.
After achieving record exports in 2005, the Ireland's dairy and
beef industry is expected to remain as an important source of
supplies to the EU market, according to a government report.
Nestle doesn't expect raw material prices to rise further this
year, despite a recent FAO report that forecasts an increase of
over 2 per cent in the world food import bill in 2006.
Swiss food giant Nestlé has announced a first-quarter sales rise of
14.1 per cent to CHF22.8bn (€14.5bn), beating analyst expectations
and reconfirming its full-year target of a five to six per cent
growth rate.
Kraft Foods has recorded stable first quarter results, masking
falling operating income with a favourable tax settlement and
raising prices to combat spiralling production costs.
Prices for raw materials and energy are forecast to rise by around
five to 10 per cent this year, but Nestlé believes cost cuts will
balance the equation out, the company's chief executive said
yesterday.
Troubled chocolate maker Barry Callebaut has increased sales
volumes during its financial first quarter, but the growth has
meant a tumble in profit margin.
The amount of fake food and drinks entering the EU grew by 200 per
cent last year, with the higher quality of counterfeits making
detection more difficult, the bloc's administrative arm said this
week.
Europe's opposition to genetically modified ingredients will
significantly increase producers' costs over the next three years
as it becomes ever harder to secure GM-free supplies, says a new
report.
Nestle, the world's largest food company, depended on its pet
business, beverages and ice creams to keep overall sales growth
humming at 5.2 per cent during the first half of the year, although
Europe remained sluggish at 1.5...