In an effort to streamline its portfolio, ingredient manufacturer Kerry has entered into exclusive negotiations to sell its sweet ingredients business to food ingredient company IRCA for €500m ($538m).
The US chocolate confectionery market is set for a 1% volume decline between 2016 and 2021 as Americans’ GDP per capita is set to fall while the category is caught in an “anti-sugar crossfire”.
Euromonitor International has pinpointed several promising chocolate markets that may help manufacturers offset slowdowns in traditional emerging markets such as China and Brazil.