27/02/2021 - 11:06
Market Reports on Saudi Arabia Provides the Trending Market Research Report on “United Arab Emirates Chocolate Market - Growth, Trends, and Forecasts (2021-2026)” under Food & Beverage category. The United Arab Emirates Chocolate Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
The United Arab Emirates Chocolate Market was valued at USD 425.8 million in 2020 and is projected to grow at CAGR of 6.6% during the forecast period (2021-2026).
- Due to the popularity of confectionery snack types and relatively high unit prices, chocolates are likely to become more of a premium snack option than an everyday snack option. However, premium brands have an affluent consumer base and are well placed to maintain or increase their retail value shares, which is supporting market growth.
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The wealthiest of Lebanon Valley College’s former students owes his fortune to the global popularity of a sweet chocolate and hazelnut spread.
Giovanni Ferrero, who studied marketing in Annville for several months in 1980-81, is, according to recent reports, worth more than $30 billion. That’s because Giovanni is the son of Maria Franca Fissolo and Michele Ferrero, the latter of whom invented Nutella in Italy in 1964 – the same year Giovanni, according to the Bloomberg Billionaires Index, was born in Farigliano, Italy.
According to EuropeanCEO.com, Nutella is one of Italy’s biggest exports, and a jar of the nutty goodness is sold every 2.5 seconds.
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Billions in advertising will be up for grabs this year as a rash of brands look for new agencies.
The trend follows a slow 2020, when many marketers cut budgets and paused agency searches.
Coca-Cola, JetBlue, and Walmart are among the most valuable accounts up for grabs.
Advertisers slashed their budgets during the pandemic while suspending the long and expensive process of changing ad agencies.
But 2021 is expected to be an unusually active year for new business with billions in ad spending expected to change agency hands.
A view of the Kellogg Company plant in Mariemont, OH. The reductions are linked to the end of a major contract and the relocation of production for two cracker brands.
American food manufacturer Kellogg Company is planning to reduce the workforce of its cracker plant in Mariemont, OH by about 250 workers after it shuts down two production lines at the site and a major contract expires, several local news organizations reported Wednesday.
Some 165 hourly workers will be separated as the company relocates production of the Zesta and Toasteds cracker brands to a site in Tennessee, Kellogg Company told television news station WXIX. 20 salaried positions will also be eliminated at the plant this year.