Global confectionery market to surpass $284B by 2025
The global confectionery market is expected to reach $284.4 billion by 2025, according to a new report from Hexa Research. Increasing innovation among existing products and surging global demand for chocolate products are among the key drivers pushing market growth. However, a widening base of consumers switching to healthy food products is prompting leading manufacturers […]
Lots Wholesale Solutions aims 5% revenue from private labels in 3 years
Lots Wholesale Solutions, a part of USD 50 billion Charoen Pokphand Group, and a wholly owned subsidiary of Thailand’s Siam Makro, feels that private labels can contribute up to 5 percent of the total revenue for the company in the next 2-3 years in India. In Thailand, private labels contribute to about 12 percent of […]
IndusFood fair a huge business opportunity for domestic industry: Prabhu
The two-day IndusFood fair, starting January 14 in Greater Noida, would provide huge business opportunities to domestic producers and manufacturers at their doors, Commerce Minister Suresh Prabhu said. It would provide a platform for domestic industry to showcase their products to global players, he said. “With more than 700 buyers from 70 countries visiting IndusFood […]
India’s rapeseed oil meal export from Apr to Dec up by 56%: Solvent Extractors Association
India’s rapeseed meal export has increased sharply by 56% during first three quarters of the 2018-19 fiscal, with South Korea, Vietnam and Thailand accounting for major imports, said Solvent Extractors Association (SEA) release. The SEA release said: “The export of oilmeals during December 2018, provisionally reported at 303,115 tons compared to 391,431 tons in December […]
