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Trends > Emerging Markets

Emerging Markets

Emerging Markets

Manufacturers in their swarms are flurrying to emerging markets like Brazil, Russia, China and India to cash in on booming populations that have money to spend. But it isn't a simple 'shift' of business model. Companies must work hard to carefully tailor products and marketing to very different and varied consumer groups.

Grupo Bimbo buys East Balt Bakeries to expand global footprint

Grupo Bimbo has acquired East Balt Bakeries from One Equity Partners for $650m to give the Mexican conglomerate entry into eight new countries in Asia, the Middle East and Africa.

Espiga de Ouro US$50m investment could stabilize Mozambique’s bread price

Maputo-based Espiga de Ouro has invested more than US$50m in the country’s biggest industrial facility that could further alleviate the threat of an erratic bread price in Mozambique.

India’s pulse exemption allows Canada to avoid penalties

India has again extended Canada’s exemption on pulse fumigation regulations.

IFT 2017

Asian ingredients and flavors set to grow in US snacks market: Asenzya

Asian flavors will grow in the snack market, but many US consumers are not ready for them yet, corporate executive chef at Asenzya, Dax Schaeffer, told BakeryandSnacks at IFT held...

Asia-Pacific

DuPont introduces new enzymes for bakery

DuPont has been granted approval for three bakery enzymes used as processing aids in Japan.

WATCH: First packaged edible insect snack for China to be launched

A chip style snack made with silkworm powder is to be launched in China, in what is believed to be the first edible insect-based packaged product to go on sale...

Huhtamaki to acquire International Paper foodservice packaging operations in China for $17.1m

Finnish packaging company Huhtamäki Oyj is to acquire International Paper's foodservice packaging operations in China for €15m ($17.1m).

PepsiCo Argentina closes Buenos Aires plant and relocates cookies, snacks & soft drinks production

PepsiCo Argentina has closed a plant, which produces cookies, snacks and soft drinks, in Florida, Buenos Aires province, and moved production to Mar del Plata, a five-hour drive away, axing...

Calbee resumes potato chip sales in Japan

Japan’s largest potato chip producer Calbee (with a 73% market hold) has restarted sales of the country’s most popular snack it suspended in April due to a severe potato shortage....

Brownie Brittle launches gluten-free and bites ranges in major US retailers

Snacking chocolate brand Brownie Brittle recently launched its first gluten-free products as well as a cookie and brownie bites range to the US market.

Has Europe experienced a diet revolution? Mintel thinks so

The free-from market has grown considerably in the last few years and data is not showing a slow in interest, according to Mintel.

Powerful protein: Edible insects packing a punch

Michi Abe, founder of Abundance Food, launched the ProPro energy bar last year in Chiang Mai in northern Thailand. 

Bakery China 2017

Penchant for Western products supports China’s bakery boom, says analyst

China's bakery sector is a thunderous market, spurred on by consumers who have a great desire to develop their knowledge of Western products.

News in brief

European Bank confirms €45m loan to extend Turkish snack producer’s footprint

Peyman Kuruyemis has secured a €45m ($50.7m) loan from the European Bank to support its forward-thinking investment program.

Jindal Poly Films rumoured to buy European assets of DuPont Teijin Films

India's largest polyester-based packaging film company Jindal Poly Films Ltd (JPFL) is allegedly in talks to buy the European production assets of DuPont Teijin Films (DTF) for an estimated $300m.

News in brief

One dead, 18 injured in Copelit Afrique boiler explosion

One person has died and 18 are injured after a boiler explosion at Copelit Africa in Mballing, Senegal, which makes fish oil and fish meal on Saturday.

Trump and pope put potica’s political popularity centrestage

An exchange between Melania Trump and Pope Francis is not the first time the Eastern European cake has made it to the political podium.

Rhodes Food Group finalizes Ma Baker pie acquisition amid strong domestic results

South African Rhodes Food Group Holdings has recently purchased pie producer Ma Baker for R193m ($14.97m) and reported good growth in its domestic markets, although it did not fare as...

China direct

Noodle major Nissin to enter Chinese potato chip market

Nissin is preparing to enter China’s “shining” potato chips market in a bid to open up a new revenue stream beyond its traditional instant noodles empire.

French yeast giant Lesaffre establishes APAC hub in Singapore

Lesaffre, a 164-year-old French company specialising in yeast and fermentation products, has officially opened its regional expertise hub in Singapore, consolidating its different APAC business streams.

Pro Mach acquires P.E. Labellers with plans to open more facilities

Pro Mach has acquired P.E. Labellers, which manufacturers self-adhesive, hot melt, cold glue, roll-fed, and sleeve labeling technologies.

Interpack 2017

Multivac signs MoU with Meyn Food Processing Technology and Cabinplant

Multivac has completed a strategic alliance (Memorandum of Understanding) with Meyn Food Processing Technology and Cabinplant to sell joint processing, filling, weighing and packaging technology.

Quarterly earnings

Mondelēz Q1 a ‘solid start’, driven by Oreo, Cadbury, belVita and Ritz

Mondelēz has posted organic growth of 0.6% during Q1, beating the company’s expectation, CEO Irene Rosenfeld said.

Exclusive interview

Fresh bread following craft beer’s trajectory, says Novozymes

Danish biotech firm Novozymes AS is investing in R&D to help meet changing consumer demands for bread with immediate freshness and low carbs.

Korozo Ambalaj flexible packaging to expand internationally

EBRD (the European Bank for Reconstruction and Development) and Esas Holding venture capital firm have acquired a majority stake in Korozo Ambalaj, in Turkey.

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