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.

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

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

Lifting one child policy could boost whey protein demand: Volac

Lifting one child policy could boost whey protein demand: Volac

Michael Hiron

Commercial Manager, Lifestyle Nutrition, Volac

Blackmores: We wanted to see krill sustainability with our own eyes

Blackmores: We wanted to see krill sustainability with our own eyes

Richard Henfrey

Chief Operating Officer, Blackmores

How to succeed as a start-up in Europe (and not get swallowed by Big Food)

How to succeed as a start-up in Europe (and not get swallowed by Big Food)

Julian Mellentin

Director, New Nutrition Business

How has social media changed food marketing?

How has social media changed food marketing?

The rise of social media has led to a shift in the way consumers...

Is personalised nutrition about to go public in a big way?

Is personalised nutrition about to go public in a big way?

Radek Sali, CEO,Swisse Wellness;

François Scheffler, head, BASF human nutrition;, Loren Israelsen, president, United...

a2 Milk outlines its US game plan in Expo West video

Lights, camera, action! a2 Milk outlines its US game plan at Expo West

Digestive issues after drinking milk are often attributed to milk protein allergy (which can...

Game on: Probiotics & sports performance

Game on: Probiotics & sports performance

Dr Ralf Jäger

Co-founder and partner, Increnovo

6 years of hurt: Probiotic heavyweights debate the EU’s health claim blockade

6 years of hurt: Probiotic heavyweights debate the EU’s health claim blockade

Yakult and leading academics expressed frustration at what they see as unfair and opaque...

Does the edible bugs trend have the legs to succeed?

Does the edible bugs trend have the legs to succeed?

Not a week goes by without media headlines talking about the potential of insects...

William Reed Business Media Holiday video

Happy Holidays 2014 from William Reed Business Media!

The holidays are fast upon us, so let’s put ‘business’ to one side and...

Time for a rethink on saturated fat?

Time for a rethink on saturated fat?

If the cover of TIME magazine earlier this month (headline: Eat Butter) is anything...

Key Industry Events

Vitafoods Asia 2015

Hong Kong / Conference and exhibition

Read more

Food Vision USA 2015

Chicago, IL / Conference

Read more

Access all events listing