CONFECTIONERY MARKET ANALYSIS

Market News

Key Developments:

• In Oct’ 2019, an American Licorice Company has partnered with a Cambodian confectionery manufacturer - Aprati Foods, to develop a line of coffee and fruit-flavored hard candies in the US market. This non-GMO candies will be sold online under two names – Mocati (offers caramel macchiato, espresso and mocha mint) and Frutati (offers dual fruit flavors including blueberry yuzu, green apple mango, and pineapple passionfruit).
• In Sep’ 2019, the U.K.-based luxury department store chain Harvey Nichols, has added new confectionery range to its own label range. The new range offers mints, boiled sweets, fudge, jellies, toffies and brittles.
• In August 2019, the alcoholic cocktail gummy manufacturer, Smith & Sinclair has announced to launch its products in Germany, France, Spain, and Italy and in the US following its strategy to expand globally.
• In April 2018, The Hershey Company, one of the largest chocolate company in the world, is planning to invest approximately US$ 500 Mn over 2030 to grow its Cocoa for Good program, which is primarily focusing on refining sustainable practices in the production of cocoa.