Chewing gum has been one of the most impressive growth segments
within the confectionery market, and the recent All Candy Expo
shows that it is still innovative.
Ireland has scrapped plans for a chewing gum tax after
manufacturers, including Wrigley, pledged €7 million to a campaign
fund aimed at reducing litter.
American confectioner Wrigley is aiming to continue its aggressive
growth strategy by broadening its product ranges through brand
extensions and is taking successful flavours cross-brand.
Wrigley will be expanding its Chattanooga factory to accommodate
the production of Altoid mints, which will be transferred to the US
from Wales, the leading confectionery company announced on Monday.
Global supplies for the hydrocolloid gum arabic could creep up as
Lagos announces plans to sow 500 million seeds to produce the
popular confectionery ingredient, writes Lindsey Partos.
Buffer stocks are the cornerstone of a new strategy unveiled to
stabilise price and sustain permanent supplies for gum arabic in
the world's top three producing countries, writes Lindsey
Partos.
A strong network consolidated over 100 years will continue to
secure supplies to the food and beverage industry for the popular
ingredient gum arabic, says German supplier Alfred L. Wolff,
reports Lindsey Partos.
Continuing moves into new segments of the confectionery market have
helped US gum maker Wrigley end 2004 with record sales and profits.
And the acquisition of Spain's Joyco, with strong market shares in
India and China, should...
Widespread procurement and more than 100 years in business help
French hydrocolloid producer Colloides Naturels International (CNI)
assure supplies for gum arabic amid global shortfalls in stock,
writes Lindsey Partos.
Flagging consumer interest in Wrigley's Eclipse Flash dissolvable
breath strip product has prompted the US confectioner to shut down
production facilities in the US and shift manufacturing to Europe,
where, it seems, consumers...
A new gum tax in Ireland proposed to help street cleaning could add
5 to 10 cents to the price of a packet of gum, potentially curbing
growth in a chewing gum market which has been revitalised by sales
of healthy and oral hygiene...
Three companies have announced a technology that allows the deposit
gum bases and incorporate gums into candies and lollipops, which is
said to provide new opportunities for the confectionery industry.
Growing through international expansion, chewing gum giant Wm.
Wrigley Jr has closed on a €215 million deal to acquire the Joyco
gum and confectionery businesses from Agrolimen, a privately-held
Spanish food conglomerate. The acquisition...
Is Big Red the next functional food fad? Scientists in the US claim
the natural flavours found in the chewing gum brand manufactured by
gum giant Wrigley's could beat the bacteria that causes bad breath.
The European Commission has approved the proposed functional
confectionery joint venture between Swiss consumer goods company
Nestlé and the US-based personal care company Colgate-Palmolive,
but approval is just the first of several...
Early depletion of African gum stocks have driven up global prices
of gum acacia. US company TIC gums this week passed the price rise
of gum arabic on to the market.
The CEO of Wrigely has announced that the global confectionery
company is aiming to further grow its company in the year ahead
with a range of innovative new gum-based products.
Wrigley has announced third quarter earnings up 15 per cent,
following an impressive 12 per cent growth in its global sales,
which were further strengthened by the weakness of the US dollar.
The world's largest chewing gum manufacturer Wrigley has reported
strong six-month and second-quarter sales growth and a 12.5 per
cent increase in profits.
Gum is by far the most profitable segment of the global
confectionery market, and looks set to remain so for some years to
come as new functional and healthy variants are launched.
Danish chewing gum manufacturer Dandy, which changed its name in
October last year to Gumlink, is to establish a new research and
development centre in Vejle, Denmark.
Wrigley, the US-based chewing gum manufacturer, has announced that
it is to stop shipping its Surpass Antacid chewing gum with effect
from 28 March 2003.
UK confectionery and drinks group Cadbury Schweppes is preparing a
$2 billion (€2.27bn) bid for the chewing gum and cough drops arm of
Pfizer, the world's largest drugs company, a British Sunday
newspaper reported.