Pennsylvania-based Hershey acquired the Sofit brand after buying out India's Godrej Group from its joint venture, Godrej Hershey Ltd., in 2012. And now, Hershey plans to introduce Sofit, (a brand synonymous with soya milk, since it was first introduced in the year 2004 by Godrej Hershey Ltd.) in the U.S....
India is Fastest Growing Market for Hershey
For Pennsylvania-headquartered The Hershey Company, India has emerged as the fastest growing market in Q3 when Hershey India recorded a strong double digit constant currency net sales growth of 16 percent, overtaking Brazil and Mexico, and exceeding the company's plans. The Times of India reports that outside of North America,...
Global Chocolate Makers Ramp up Investments in India
A study by London based market research firm Mintel says that India's $1.6 billion chocolate market is growing at 12 percent annually. The market researcher also said India consumed 228,000 tons of chocolate in 2016, higher than both Australia (95,000 tons) and Indonesia (94,000 tons) put together in the same period....
Hershey Considers India “Key for Continued Growth”
Global confectionery major Hershey has seen a strong quarter of growth in India, and says it is committed to investing in this emerging market. Mydigitalfc.com reports that Hershey India, a subsidiary of The Hershey Company, operates both its confectionery and beverage lines from regional sales offices in Mumbai, Delhi, Chennai...