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Headlines > Markets

Spike in SE Asian urbanites looking to increase protein consumption

Southeast Asians are increasingly leading healthy lifestyles, with as many as three in four urban Indonesians and a third of Thai city residents saying they have been striving to improve...

Changes in consumer tastes offer crucial GCC investment opportunities

Food and beverage manufacturers must keep on top of the Gulf’s fast-changing tastes, workforce trends and government zeal for healthy diets. 

UAE consumer F&B spending continues rapid ascent

Consumer spending on food and non-alcoholic beverages amounted to almost US$25bn last year, according to Euromonitor International.

Beverage giants pledge to limit sugar content of drinks in Singapore

Major drinks companies in Singapore - including Coca-Cola, PepsiCo and Nestlé - have agreed to limit the sugar content of their drinks, committing to a maximum sugar content of 12%...

Fonterra opens Australia plant as demand soars for pizza cheese toppings in China

Fonterra Co-operative Group has expanded its operations in Australia, opening a plant in Victoria, to meet demand for cheese pizza toppings in China.

China will overtake the US as the largest dairy market by 2022

China will overtake the US as the largest dairy market by 2022 whilst India takes fourth place from 2021, according to research by Euromonitor International.

China direct

Health, wealth and internet forcing instant noodle-makers to rethink

China’s appetite for instant noodles has been shrinking sharply in the face of growing popularity for food delivery and better awareness of healthier foods.

Foreign firms winning in battle for Vietnam’s soft drinks market

Foreign soft drink manufacturers have taken control of more than half of Vietnam’s US$4bn non-alcoholic drink market for the first time, as local players work out how best to compete....

Richer Chinese making dent in established organic markets

Chinese demand has been fuelling growth in the global organic food market, which is predicted to grow to a value of nearly US$190bn by 2021.

Food delivery apps record fastest growth in China’s online market

Heavy discounting by start-ups backed by internet majors Tencent and Alibaba have made online food delivery the fastest-growing online segment in China.

Top Iranian dairy companies and trends

The Iranian dairy industry is beginning to expand.  This growth domestically is being complemented by the country’s dairy companies now looking to export to countries such as Russia.

C-store demand rocketing as more call centres open in Philippines

Tipped to grow at an annual rate pushing 10%, the Philippines grocery retail market is expected to become the fifth-biggest in Asia by 2021, according to new data by IGD.

NutraIngredients-Asia state of the industry survey part 1: Optimism high and finances buoyant, but new funding still a challenge

Three out of four respondents in the first NutraIngredients-Asia State of the Supplements, Health & Nutrition Survey believe their firms will post better financial results this year than last....

Eurofins expands in Japan with two acquisitions

Eurofins Scientific has acquired Japan Analytical Chemistry Consultants Co. (JACC) and Ecopro Research K.K. (Ecopro) for undisclosed amounts.

Australian beef exports up for first time in two years

Australian beef exports are up year-on-year for the first time in 24 months, with more growth expected after Japan hit the US, Australia’s biggest competitor, with a hefty tax hike. ...

Inflation and interest rates pile on hurt for Egyptian F&B majors

Food businesses have been suffering in Egypt, where rising interest rates and spiking inflation have caused a squeeze on consumer purchasing power.

Food sector attracts over 40% of Sri Lankan SMEs

More than 40% of Sri Lankan small- and medium-sized businesses are now engaged in food processing, prompting the government to begin construction of a food testing centre aimed at village producers.

South Asia radius

Flavoured milk’s popularity soars as Indians seek on-the-go nutrition

India’s flavoured milk segment has been seeing a significant level of interest, with the category having attracted 43% of all dairy drink launches last year.

Asian big-box retail continues to grow despite threat of new formats

Large-format grocery retail will grow at an average of 3.5% a year from 2016-21 in Asia, according to new figures released by IGD. 

News in brief

MoU signed and CDB funding for Grenada

A trilateral Memorandum of Understanding (MoU) has been signed while Grenada has received funding to boost food safety in the produce sector.

Far East liquor firms top list of most valuable Asian F&B companies

Baiju liquor producer Kweichow Moutai has been named Asia’s leading food and beverage manufacturer in an analysis of market capitalisations in the region.

Southeast Asia radius

Thailand’s neighbours leapfrog Japan to become biggest export markets

Strong demand from other Asean countries should see 8% growth for Thai agriculture and food exports this year.

Grocery council explains why some foods cost more in NZ than Australia

Some food prices in New Zealand are higher than in Australia due mainly to economies of scale that come with a bigger population base, says the New Zealand Food and...

Nestlé backs breastfeeding drive in China as government vows to hit 50% target by 2020

Nestlé in China is backing government drives to increase breastfeeding by holding a number of public events to coincide with World Breastfeeding Week.

Yakult, DuPont, Danone and Watsons join stellar line-up for first Probiota Asia summit in Singapore

Top-level speakers from a raft of major probiotics manufacturers and suppliers will join international academics to present at our first Probiota Asia summit in Singapore in October.

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