More packaged food and beverage (F&B) producers are dumping popular sweetener, high fructose corn syrup, according to business information company, Datamonitor.
Its Productscan Online database reports that the number of new F&B products launched worldwide claiming that they contain no high fructose corn syrup has nearly tripled thus far this year, compared to all of 2006.
This jump is dramatic especially when in 2003, just six new beverages made label claims that they were free of high fructose corn syrup.
While the medical case against high fructose corn syrup isn’t exactly crystal clear, a 2007 International Food Information Council Foundation study found that 60 percent of American consumers said they were trying to consume less high fructose corn syrup.
Larger F&B companies such as Kraft Foods, Dannon and Del Monte Foods have also removed high fructose corn syrup from their products.
This has led to the growing interest in alternative sweeteners such as agave and stevia.
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Unilever has announced it intends to appoint Paul Polman, 52, as group chief executive. He will succeed Patrick Cescau, who retires at the end of the year.
Germany's METRO Group is making plans to open its first Metro Cash & Carry wholesale store in Kazakhstan in the summer of 2009. The Group officially agreed to the investment with the Government of the Republic of Kazakhstan on Wednesday, a move which will extend METRO's activities to 33 countries.
Trent Ltd, the retail arm of the Tata group in India, is likely to invest around Rs 20billion ( €0.3 billion ) over the next five years in the roll out of 50 Star Bazaar hypermarket stores, according to Indian press reports.
The recent credit crunch has led all the major supermarket chains in the UK to increase promotions of cheap, unhealthy food, according to the country's National Consuner Council (NCC).
Auchan has published half year results for the first time as a result of new European regulations governing transparency. Although there has been a slow-down in mature markets, emerging markets remained buoyant for the French company and as a result sales for the first six months of 2008 were 9.4% higher than in 2007 reaching EUR18.7 billion.
Price promotions and the decision to only partially pass on food price inflation to customers have led to a downturn in second quarter margins for Ahold. Net sales for second quarter 2008 were EUR 5.8 billion, down 0.8% from the same period last year. At constant exchange rates, net sales increased by 7.3%.
