The “communication messages” around Air Delight - the aerated chocolate range launched by Hershey last summer - still need some work, bosses have admitted.
The Hershey Company has reported a profit drop in its third quarter (Q3) results after tax rate rises, commodity costs and charges related to supply chain efficiencies hit the company’s results.
The Hershey Company has told this site that it plans to work with multiple organizations to meet its recent pledge to use only certified cocoa by 2020, and will communicate progress in annual reports.
US Halloween candy spending is projected to rise this year and the major players Mars and Hershey will be raking in the profits with seasonal variants of popular brands, according to an analyst from Euromonitor.
Hershey has officially opened its expanded chocolate factory in West Hershey, PA, unveiling “technology never before used in the manufacture of confectionery”.
Four power brands, three priority markets and two innovation platforms will drive growth for Mondelez’s chocolate segment, according to the firm’s category head.
Fairtrade product sales rose 12% worldwide in 2011 due to ethical sourcing commitments from the food and drink industry and increased consumer awareness.
Swiss chocolatier Lindt & Sprungli USA has partnered with the Culinary Institute of America (CIA) to collaborate on chocolate innovation, sponsoring education sessions, donating chocolate, and launching a student scholarship contest.
Sourcing cocoa from certified farms can minimise incidence of child labour, but if that’s enough, why else should chocolate manufacturers commit to third-party certification?
Hershey plans to increase the amount of cocoa it sources from Mexico by initiating a $2.8m crop growing programme in partnership with Ecom Cocoa that it says will boost yields in Southern Mexico.
Chocolate manufacturer Barry Callebaut has acquired a new plant in Canada and plans to expand another facility in the US, increasing its capacity by 60,000 tonnes.
Biotech firm Lycotec has developed an ingredient that it claims can harness the health potential in both dark and milk chocolate and lead to products with anti-ageing, injury recovery and increased physical performance properties.
Kraft Foods delivered a “higher rate of revenue from new products last year than at any time in recent memory” revealed bosses as they reassured stakeholders that both businesses will have “world-class innovation organizations on day one” after it breaks...
Confectioners face big rewards by tapping into market potential in Mexico, but will face “oblivion” if they fail to address growing health concerns, according to an analyst.
A consecutive deficit in 2012/13 is set to move cocoa prices higher as supply struggles to meet rising demand for chocolate products in Asia, according to financial services group Rabobank.
Demand for cocoa is expected to climb 30% in the next 10 years creating a 25% shortage of current supply, according to North American cocoa processor and chocolate ingredients supplier Blommer Chocolate Company.
Chocolate giant Hershey has announced plans to use GPS mapping for cocoa farms in Ghana to help farmers better manage their resources as labour groups continue to doubt the company’s commitments to eradicate the worst forms of cocoa child labour.
The number of confectionery launches achieving sales of over $7.5m in the first year has almost tripled compared to historic averages, according to a report from Symphony IRI.
The Hershey Company has recorded growth in its first quarter (Q1) results driven by pricing, solid Easter performance and growth in international markets.
A US Federal judge has accepted Cadbury’s $1.3m (€995,863) offer to settle in class action lawsuit over its alleged part in a suspected chocolate price fixing scandal also involving Nestle, Hershey and Mars.
The king-size candy bar has emerged as the fastest growing pack type in convenience stores this year and was a key driver of sales for Hershey in the third quarter, bosses have revealed.
US chocolate giant Hershey reported net income of $130.12m for the second quarter, with net income for the period up o $129.56m from $117.05m in the same quarter in 2010.
A new dark cocoa powder aims to deliver an indulgent rich taste for bakery goods, but also cut costs by reducing the product’s overall cocoa content, claims ADM.
Kraft Foods has reported strong sales and profit growth in the first quarter as it increased prices and advertising efforts for core brands to tackle higher commodity costs.
Reflecting the continuing industry trend toward outsourcing, Barry Callebaut said a new supply deal it has agreed with Hershey will put its annual deliveries beyond the current 80,000 metric tonnes.
Hershey clocked a profit for the first quarter of 2011, with it citing new product launches, expansion outside the US and a 30 percent increase advertising spending as key to the positive financials.
Leading industrial chocolate supplier Barry Callebaut has opened its first cocoa pilot plant in North America, a move that follows its reported objective to grow its chocolate volume sales by between 6 to 8 per cent up to 2013.
Cocoa powder and dark chocolate has equivalent polyphenol content and greater antioxidant and flavanol content than various super fruits, claims a new study by research scientists based at the Hershey Center for Health and Nutrition.
Formulating reduced fat chocolate using defatted cocoa powder may indeed by the ‘best compromise’ for confectionery producers, says a new study from Nestlé Product Technology.
There is enough volume of Fairtrade cocoa available to supply more large brands switching product lines to Fairtrade, according to the Fairtrade Labelling Organizations International (FLO).
Cargill said its planned investment of $5m over the next three years in sustainable cocoa initiatives will help address the worst forms of child labour in cocoa growing communities in the Ivory Coast and Ghana.
The Streamlined Sales Tax Governing Board has requested comments on a proposed definition of candy for tax purposes, which excludes confectionery that requires refrigeration or contains flour.
Chocolate products are smashing through the recessionary gloom in the US with sales expected to top $19bn within four years, according to the latest report from research group Packaged Facts.
An observational study analysing the eating habits of 31,823 women suggests that only moderate consumption of high quality chocolate has a positive impact on heart failure risk.
Trading directly with Ecuadorean farmers ensures a better quality bean and boosts the ecological and ethical profile of a chocolate company, claims a US manufacturer.
Second quarter income for US chocolate maker, Hershey, fell 35 per cent due to factors such as charges related to its supply chain efficiency programme and the joint venture in India but Asia remains a focal area, said the company.
Research from scientists based at the Nestlé research centre in the UK and the University of Nottingham shows that mixing ethylcellulose with lecithin is an alternative to high concentrations of lecithin to enhance the flow of reduced fat chocolate.
North American cocoa bean grind in the second quarter of 2010 again showed double digit gains from the same quarter a year ago, according to data from the US National Confectioners Association (NCA).
Indian joint venture Godrej Hershey is reported to be introducing chocolate products into amdist strong competition from dominant players such as Cadbury and Nestlé.
Ensuring consumers reap the benefits from the beneficial compounds in cocoa may mean formulating products with more sugar, suggests a new study from Kraft.
Nestlé has shut down a production line after a positive salmonella test on a batch of chocolate morsels at its one of its facilities in the US, for the second time this year.
