Grupo Bimbo’s recently acquired Columbian frozen baked food company, Panattiere, which, according to Global Market Insights, is an ‘evident’ sign that the frozen bakery market will experience high growth over the next six years.
Harrison Hart, son of New Zealand billionaire Graeme Hart, is putting together a ‘food manufacturing powerhouse’ with the acquisitions of cereal manufacturer Hubbard Foods, Hansell Food Group and the Gregg’s sauce unit.
The chairman and CEO of Chinese rice crackers maker Want Want Holdings, Tsai Eng-Ming, has declared the company could become ‘one of the greatest brands in Chinese history’ following a 6.6% revenue increase for FY2017.
Nearly 70% of in-store snack purchases are unplanned -- indicating that impulse snack shopping is a shared habit among most consumers, Euromonitor senior analyst Jared Koerten said at the Sweets & Snack Expo in Chicago yesterday.
The Association of Master Bakers and Caterers of Nigeria (AMBCN) has called on the country’s federal government to ditch the 15% levy collection on wheat importation in light of the failure of the Cassava Bread Development Fund (CBDF).
PepsiCo-owned Quaker Oats has collaborated with South Korea snack maker Lotte Confectionary to enter the fast-growing Korean cereal market currently dominated by Kellogg’s and Post in JVs with local producers.
Calbee has entered China’s brick-and-mortar retailers with its fruit cereal brand Frugra, as the company’s CEO Akira Matsumoto hopes the country will contribute one-third of Calbee’s international sales by 2020.