Chocolate Makers

TMS Ep399: Indian IT layoffs, confectionery, markets, bank stress test

Do Accenture layoffs portend trouble for Indian IT? Why is India's confectionery market attracting billions? How will the markets play out in FY24? What is a bank stress test? All answers here

The chocolate maker will expand capacity at its manufacturing facilities, build more warehousing capacity, and augment cold-chain facilities

For now, it looks like the cocoa-growing giants will continue to struggle to receive the full combined premiums

Smoor will also be launching an experience centre in Bengaluru where visitors would be able to experience the craft of exquisite chocolate making.

Chocolate -as well as ice cream, cakes and milk shakes - is starting to displace traditional treats among the middle classes

As confectionery groups scramble to reduce added sugar, chocolate sweetened with cocoa fruit pulp is about to hit supermarket shelves with food giant Nestle ready to launch its "Incoa" bar

The governments of Ivory Coast and Ghana have accused Hershey of maneuvering to circumvent premiums tacked on to the price of cocoa futures in order to raise incomes for hard-pressed cocoa farmers

Plans to play in the entire segment including chocolates, cookies, wafers and spreads to give customers a differentiated experience

Nestle India, which dominates the confectionery space with leading brands like Kitkat and Munch, continues to hold the third spot in revenue.

Staying on trend means demand is soaring even as foods like hot dogs and milk are in a bit of consumption crisis

To keep young and health-conscious customers in the fold, chocolate and confectionary brands adopt clean labelling methods, keep pack sizes small

Consumers may be prepared to pay more for chocolate they believe is healthier or better quality