Euromonitor International released its Top 10 Global Consumer Trends 2023 report, revealing the top 10 key trends. The report highlights that consumers are spending responsibly but emotionally, the role of digitization in purchasing processes, female equality demands, and a disruptive Gen Z, are some of the factors that will define global consumer trends in 2023.
Kerry Group announced it is negotiating to sale the trade and assets of its Sweet Ingredients Portfolio to IRCA, for EUR 500 m. The sale is expected to close in the first half of 2023.
AB Mauri introduced a new range of bread mixes, Pure ProGrains. Four new mixes are part of this range, developed to be used by adding flour, yeast and water.
Nestlé introduced recyclable paper packaging as a pilot test for the KitKat brand as a limited trial in Australia. Nestlé will produce more than 250,000 KitKat bars wrapped in paper in an exclusive partnership with Coles supermarkets.
American Pan and Turbelco announced a new partnership in the form of a new company called Turbelco, an American Pan Company. Turbelco has facilities in Turkey and Germany, which will continue to operate as before and will receive upgrades.
The UK, the US, Germany and Japan are expected to emerge as major manufacturers as a result of the rising demand for vegan cookies at a compound annual growth rate of 8.9%, according to a study by Future Market Insights (FMI).
Panera Bread launched three new sandwiches in its Toasted Baguettes range, available at Panera bakery-cafes throughout the US starting January 12. MyPanera members will receive early access to Toasted Baguettes now through January 11.
FF2032, the corporate venture fund behind Lotus Bakeries, announced an investment in IQBAR, a Boston-based food business focusing on better-for-you products founded in 2017. IQBAR’s primary product line is a range of plant-based nutrition bars that support brain function.
Household names in dolce foodservice will join the 44th edition of SIGEP, taking place between January 21 and 25, which is held in conjunction with the 7th installment of AB Tech Expo.
The French energy suppliers will allow bakeries to renegotiate their contracts if they struggle to pay their bills, according to Finance Minister Bruno Le Maire. The relief comes to support the country’s bread and patisserie manufacturers cope with the surge in energy costs.