Grupo Bimbo’s net sales in Q3 – 2023 reached a record level excluding FX rate impact, growing 8.2% due to favorable price/mix across regions, according to its results for the three months ending on September 30, 2023. Its adjusted EBITDA reached historic levels, Bimbo reports: excluding FX rate impact, it increased by 9.5% and the margin expanded 50 basis points, reaching 14.6%.
WECARRY from Germany is the recipient of the first iba.START UP AWARD. The public voted for their favorite new concept out of the 24 startups at the show via the iba.UNIVERSE online tool as well as on-site throughout the trade fair.
Consumers have accepted the inevitability of uncertainty and have adopted a day-to-day focus, striving to protect their physical and emotional wellness, research by FMCG Gururs finds.
Lin Yeqiang and Feng Yingjie from China won the 2023 iba.UIBC.CUP of Bakers. Teams from 12 countries competed live for the gold medal this year at iba. Working in teams of two, 12 nations took on the challenge. They included the best bakers from Peru, Japan, France, China, Greece, Germany, Korea, Iceland, Mexico, Brazil, Chile and Italy.
The global clean-label ingredients market is projected to reach USD 80.69 billion by 2030, at a CAGR of 6.9% from 2023 to 2030, according to a study published by Meticulous Research. Growing consumer preferences for organic and natural ingredients, increasing focus on health and wellness, growing health concerns associated with artificial ingredients, growing consumer demand for clean label meat alternatives, and rise of E-commerce and online grocery shopping are some of the factors driving the growth of the clean label ingredients market.
