All news articles for February 2017

MarketsandMarkets projects the global frozen bakery market will reach $21.2bn by 2020. Pic: Melanie F Hardy

Bimbo acquires frozen bakery brand Panattiere

By Douglas Yu

Grupo Bimbo has acquired a Colombia-based frozen bakery firm, Panattiere, CEO Daniel Servitje announced during the recent financial results conference call.

Kraft introduced its Planters brand to China last year to crack into the country's nut snack market. Pic: China Candy

Want Want, PepsiCo and Orion only account for 19% of the Chinese snack market. Could nuts and seeds be a future disruptor?

Savory snacks market in China expected to reach $16.6bn by 2021, Euromonitor

By Douglas Yu

A recent Euromonitor report projected China's savory snack market will reach sales of 3,676,200 tons and 144.1bn RMB ($16.6bn) by 2021 with 4% retail volume CAGR and 6% value CAGR.