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Markets

Whether serving the food and drink needs of consumers or sourcing ingredients and raw materials, success in the food industry depends on keeping abreast of the latest market trends in the Asia Pacific region.

Busy Aussies don’t leave breakfast drinks just for brekkie

The meal that is widely considered to be the most important of the day is regularly missed by almost a quarter of Australians—though few have time for breakfast-in-the-bottle alternatives.

Gulf ‘food gap’ widens as 90% of supplies are shipped from abroad

The Gulf imports nearly 90% of its food, according to a study into the food gap across the region.

USDA: Egyptian livestock feed costs high despite low global commodity pricing

Despite global commodity prices being at their lowest levels in years, livestock producers in Egypt face surging input costs on the back of a depreciating Egyptian Pound, according to the...

APAC not a ‘universal market’: Asia’s multifaceted taste and texture preferences for chocolate

Market research firm Kadence explores the varying chocolate likability factors in nations across Asia.

Price of raw milk declines as China increases Lucerne imports: Dairy Association of China

China has imported 52,825 tons of liquid milk in July this year, a 35% increase compared to the same period last year, according to the latest report from the Dairy...

China’s fragmented bakery market likely to consolidate: Mintel

China’s fast-growing bakery market is likely to experience consolidation as larger players develop, analysts at Mintel have suggested.

China leapfrogs America to become leading ice-cream consumer

Asia-Pacific countries are coming to prominence in the US$31bn global ice cream market, with first-placed China now accounting for roughly one-third of consumption after years of steady growth.

Australia leading the way with ‘everyday’ sports nutrition trend

There is a rising trend for a new category of ‘everyday’ sports products, and Aussies can’t get enough of it, says Mintel.

China’s production decline sparks import boom

The global poultry industry is entering a period of enhanced market conditions as China’s historic production slump brings a welcome buoyancy to a string of poultry exporters.

News in brief

Market update: Australian lamb

Strengthening domestic demand for Australian lamb has forced prices to grow to be 32% higher in August than they were in the corresponding month in 2015. This represents a two-year...

Australia

Tea companies should target teens as market grows slowly

Despite its well-publicised coffee craze in recent years, Australia firmly remains a nation that loves its tea—only tap water, milk and hot coffee are more widely consumed.

Mintel report shows Chinese energy drink consumption increased by 25%, four times more than the US

A new Mintel report shows that Chinese consumers drank an additional 545m liters of sports drinks in 2015 compared to the previous year, a 25% volume growth.

Asia-Pacific drives world growth in hemp-based foods

Asia-Pacific is due to emerge as the leading market for hemp-based foods and sustain an annualised growth rate of over 23% until 2020.

Ireland making headway on China beef deal

The Republic of Ireland has welcomed “very positive” talks and “constructive engagement” with China over plans to open the market for beef exports.

Korea and Japan the top buyers of US beef

Asian markets outside of China, notably South Korea and Japan, were the biggest buyers of US beef in July, according to trade data from the US Meat Export Federation. 

News in brief

PRAN Group to get food safety help

PRAN Group in Bangladesh is to get help to reduce food safety risks.

Brazil sees exports of grape juice drinks soar in Japan

Brazil has seen exports of grape juice drinks soar in Japan, but wine exports are struggling to get a foothold abroad, according to IBRAVIN Brazilian wine institute.

This week Down Under

Income squeeze slams Australian food retail

Weak underlying income growth is squeezing turnover in food retail, while non-food categories are still benefiting from low interest rates and asset price inflation.

News in brief

Market update: Edible oils in China

Edible oil consumption has increased in China at a compound rate of over 15% since 2005, according to a new report on the market. 

Answer on the way for Chinese investigation of US DDGS?

An ongoing anti-dumping and countervailing duty probe into the US DDGS exports by the Chinese may soon produce a preliminary response.

Heavy monsoon rains give boost to Indian agriculture suppliers

Plentiful monsoons this year are behind an expected 15-45% surge in sales and profits for Indian agro-based businesses over the remainder of 2016. 

Indonesia looks to grow buffalo imports

The Indonesian Bureau of Logistics (Bulog) is promoting buffalo meat as an alternative to beef in an effort to keep prices down. 

Competition Commission of Pakistan slams meat industry

The Competition Commission of Pakistan (CCP) has recommended public-private partnership to run the government slaughterhouses following a critical report into the country’s meat industry. 

International butchers gather Down Under for World Butchers’ Challenge

Butchery teams from New Zealand, Australia, Great Britain and France are congregating to compete in the first World Butchers’ Challenge to see who is a cut above the rest. 

News in brief

Markets update: Chinese garlic prices remain firm as yields decline

Chinese garlic prices continue to remain high, up 30% since the start of the year due to a decline in yields. 

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