SUBSCRIBE

Breaking News on Food & Beverage Development and Technology - 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,...

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

UHT 'preferred format' to meet Vietnam rural distribution challenges

UHT 'preferred format' to meet Vietnam rural distribution challenges: Tetra Pak

Bert Jan Post

Managing Director , Tetra Pak Vietnam

Watch: Lesaffre eyes major Asia growth after $4m hub opening

Watch: Lesaffre eyes major Asia growth after $4m hub opening

With a growing reputation as Asia-Pacific's premier food industry hub, Singapore has attracted its...

VIDEO: Why understanding young Singaporeans’ diets should be a public health and research priority

VIDEO: Why understanding young Singaporeans’ diets should be a public health and research priority

Academics are striving to increase the volume of quality data about the dietary patterns...

WATCH: Probiotics in China — ‘The market is set to explode’

WATCH: Probiotics in China — ‘The market is set to explode’

The probiotics sector is forecast to soar by 23% in China to 2020 and...

WATCH: First packaged edible insect snack for China to be launched

WATCH: First packaged edible insect snack for China to be launched

A chip style snack made with silkworm powder is to be launched in China,...

'We will react and respond to any discriminatory measures against Malaysian palm oil,' warns minister

'We will react and respond to any discriminatory measures against Malaysian palm oil,' warns minister

With a recent European resolution calling for tariffs and trade barriers against any palm...

VIDEO: Singapore to boost status as a food and nutrition powerhouse

VIDEO: Singapore to boost status as a food and nutrition powerhouse

Increasing high-tech jobs, boosting exports and helping home-grown brands soar are among the priorities...

Symrise wants one-third of its business in APAC as it opens $50m labs

Symrise wants one-third of its business in APAC as it opens new Singapore labs

Flavour and fragrance firm Symrise has opened a new innovation and technology centre in...

VIDEO: From earthquakes to sourcing strife - the challenges to open the world’s newest omega-3 fish oil refinery

VIDEO: From earthquakes to sourcing strife - the challenges to open the world’s newest omega-3 fish oil refinery

Omega-3 fish oil supplier SeaDragon overcame a raft of challenges to open the world's...

VIDEO: The top consumer trends driving business innovation at Ingredion

VIDEO: The top consumer trends driving business innovation at Ingredion

Ingredion may be best known for its clean label products, but according to the...

VIDEO - Singapore’s war on diabetes: Industry, academics and government 'need to line up like hunters'

VIDEO - Singapore’s war on diabetes: Industry, academics and government 'need to line up like hunters'

With a staggering one million Singaporeans forecast to have type 2 diabetes by 2050...

Key Industry Events