SUBSCRIBE

Breaking News on Food, Beverage & Supplement Development - Asia PacificEU edition | US edition

Headlines > Markets

Read more breaking news

 

 
Dispatches from Vitafoods Europe 2012

Trend spot: Asia skips EU & US to deal direct with Latin America

By Kacey Culliney from Geneva , 18-Jun-2012
Last updated on 18-Jun-2012 at 18:04 GMT2012-06-18T18:04:55Z

This is a fundamental change in how countries do business with one another, says Lynn Dornblaser
This is a fundamental change in how countries do business with one another, says Lynn Dornblaser
Loading the player...

There has been a fundamental and significant shift in global business moves, with Asia now bypassing EU and US markets to work directly with Latin America and this is a trend set to stay, according to Mintel analyst.

FoodNavigator-Asia spoke exclusively to Lynn Dornblaser, director of Innovation and Insight at Mintel, who said that there has been a substantial global trade shift with Asia and Latin America now working directly with one another, completely bypassing European and US markets.

There are many advantages for Asia dealing directly with Latin America she said, including access to raw materials and favourable pricing.

“We see that shift being really extraordinary and substantial and it isn’t a shift that’s temporary. This is something that’s going to be continuing that signals a fundamental change with how countries do business with one another,” she said.

There are similarities in terms of consumer structure between Latin America and Asia, with very wealthy and poor segments of the population, so Asia is familiar with how the country operates. EU and US companies need to re-think how and where they import from and export to.

This trade between Asia and Latin America is going both ways, she said, and activities are in end products, including snacks, noodles and candies but also in ingredients and raw materials.

KitKat white space opportunities in China, Vietnam and Pakistan

KitKat white space opportunities in China, Vietnam and Pakistan, says Nestlé countlines chief

Stewart Dryburgh

Global head of KitKat and chocolate countlines, Nestlé

Seadragon sets out to breathe fire into Kiwi fish oil

Seadragon sets out to breathe fire into Kiwi fish oil

The town of Nelson will welcome New Zealand's first omega-3 fish oil processing plant...

Lab meat, plant proteins and insects: Which alternative proteins will feed the world?

Lab meat, plant proteins and insects: Which alternative proteins will feed the world?

The quest for alternatives to animal-derived proteins has led to a huge amount of...

Germvangelist set to shake Probiota with holistic shout

Germvangelist set to shake Probiota with holistic shout

Jason Tetro

Researcher, author, The Germ Guy

Dairy ingredients giant on Indonesia: ‘A lot of opportunities here’

Dairy ingredients giant on Indonesia: ‘A lot of opportunities here’

Jake Riddle

General manager, Kerry Asia Pacific

Indonesia stakes claim as SE Asia's most important food market

Indonesia stakes claim as SE Asia's most important food market

Indonesia's food industry will continue to grow in importance as its population of around...

NPD category busters: From ‘Teagurt’ to coffee fruit energy to Milo expansion

NPD category busters: From ‘Teagurt’ to coffee fruit energy to Milo expansion

Jane Barnett

Insights manager for Australia-New Zealand, south east Asia and India,...

HI-Japan show wrap: Ageing (& shrinking) population forces government-led nutrition rethink

HI-Japan show wrap: Ageing (& shrinking) population forces government-led nutrition rethink

Japan has always led the world in functional food experimentation even if the results...

Malaysia to double palm oil production by 2020

Malaysia hopes to double palm oil production by 2020

Kalanithi Nesaretnam

Minister, Embassy of Malaysia in Brussels

Mooted novel food changes will open exotic fruit doors in EU

Mooted novel food changes will open exotic fruit doors in EU

Dr John Wilkinson

Consultant and EU Novel Foods expert

Aussie inventor turns potato into milk-cheese-and-custard wonder-food

Aussie inventor turns potato into milk-cheese-and-custard wonder-food

“This potato format could well be the biggest thing to happen to the potato...

Review: B vitamins, the brain (& deficiencies)

Review: B vitamins, the brain (& deficiencies)

Dr David Kennedy

director of the Brain, Performance and Nutrition Research Centre ,...

Cash in one’s chips: The humble potato’s new Asian markets

Cash in one’s chips: The humble potato’s new Asian markets

Teresa Kuwahara

Global marketing manager, Potatoes USA

'It's still an attractive market': How are companies overcoming political instability in Turkey?

'It's still an attractive market': How are companies overcoming political instability in Turkey?

At the crossroads of east and west, Turkey offers huge promise but given the...

The rise of adaptogenic herbs: ‘These herbs help mitigate stress & we live in a stressful environment’

The rise of adaptogenic herbs: ‘These herbs help mitigate stress & we live in a stressful environment’

Interest in adaptogenic herbs is increasing, but how does industry communicate the benefits to...

Turmeric, matcha & mushroom among specialty teas driving sales

Turmeric, matcha & mushroom among specialty teas that are engaging Millennials and driving sales

Sales of tea in the US continue to climb steadily, thanks in part to...

Asian tastes: Out with the old, in with the new trends

Asian tastes: Out with the old, in with the new trends

Jane Barnett

Senior Analyst, Mintel Market Research

Ayurvedic expert advocates strongly for using plants in whole form

Ayurvedic expert advocates strongly for using plants in whole form

Ayurvedic principles and ingredients are increasingly accepted in North America among product formulators. But...

What is emotional marketing and how can social media help you get it right?

What is emotional marketing and how can social media help you get it right?

Social media has transformed the way food manufacturers can engage in emotional marketing and...

Fish trimmings feed promising for Australian prawn farm

Fish trimmings feed promising for Australian prawn farm

Matt West

General Manager, Australian Prawn Farms

Key Industry Events