SUBSCRIBE

Breaking News on Food & Beverage Development and Technology - Asia PacificEU edition | US edition

Topics > Industry growth

Industry growth

Industry growth

Higher incomes and an emerging middle class mean the Asia Pacific region delivers good growth rates for food businesses. Consumers are demanding new kinds of products, whether Western-style or convenient versions of traditional favourites.

SPOTLIGHT JAPAN

Asahi ambitious for more acquisitions despite European buying spree

Japan’s biggest beer firm Asahi is weighing up further European acquisitions following last year’s two bumper deals with AB InBev.

Bega's Mondelēz purchase takes Vegemite back into Australian hands

Vegemite will return to Australia after its American parent agreed to sell most of its regional grocery business, including the iconic yeast spread, to Bega Cheese.

Australia’s generations of fast-food fans

Generations Y and Z are still markedly more likely than their seniors to eat at big-name fast-food chains, though the rate they visit them is in slow decline—perhaps due to...

Government funding and nutritional composition leads to high functional food hopes for Malaysian red seaweed

Tropical red seaweed, G. changii, can become an important functional food ingredient and is a prime crop for large-scale commercial farming, according to new research from Malaysia.

This week Down Under

Cross-border sales boom through China’s Tmall Global

Cross-border online shopping by Chinese consumers has surged this year, with half a dozen Australian brands making particular headway after putting in a strong performance on Alibaba Group’s Tmall Global e-commerce...

Ready-to-mix market to see double-digit growth in wealthier India

India ready-to-mix food market has been predicted to be worth as much as US$284m by 2020, an annualised increase of 15.7% fuelled largely by the increasing disposable income of a...

Nestlé to acquire Egyptian instant coffee company Caravan

Nestlé is to acquire Caravan Marketing Company SAE, the Egyptian instant coffee company behind the Bonjorno brand, eyeing up the ‘rapidly growing’ soluble coffee segment in the country. 

Sustainability group seeks to mobilise Asian shrimp industry

New protocols aim to reform shrimp aquaculture, address feed ingredient use, says consultant.

Expansion of Japanese beef bowl chains to drive Chinese meat consumption

Two of Japan’s biggest conglomerates are planning huge expansion of their ‘beef bowl’ fast food chains across China in order to compensate for low growth in a saturated Japanese marketplace. ...

China

Firms told to look abroad for JVs to protect home food security

Beijing has urged Chinese food businesses to find overseas counterparts that are suitable for commercial partnerships or ripe for acquisition in a bid to improve food safety at home.

McDonald’s divests most of its Chinese operation

McDonald’s will sell 80% of its mainland China and Hong Kong businesses for US$1.7bn to a Chinese state-owned conglomerate and an American private equity firm.

Danone’s Aptamil launched in India as part of nutrition and revenue growth plans

Aptamil, one of Danone’s infant formula brands sold in 45 countries, has been launched in India, with the company saying it plans to produce local supply at the company’s Lalru,...

Kashmiri taste for lamb and goat prompts robust meat trade in India

The predominantly meat-eating communities in the Muslim-majority Kashmir valley in the Indian state of Jammu and Kashmir has become a significant market for Indian meat and livestock producers from outside...

Poultry producer launches halal subsidiary

One of the world’s largest exporters of poultry BRF – which operates a factory in the UK – has launched a subsidiary to target the growing halal processed foods market...

Functional food and supplement manufacturers urged to get creative with whey protein offerings

South East Asia functional food and supplement firms need to help educate consumers that whey protein isn’t just for body builders, and formulate new products that can help treat the...

Sell-up: Analysts predict more gloom for infant formula firm Bellamy’s as shares slump continues

Replacing CEO Laura McBain hasn’t seen the end of financial turmoil at Australian infant formula manufacturer Bellamy’s with shares continuing to slide amid gloomy forecasts from analysts.

Australia goat prices move from ‘strength-to-strength’

A relatively good balance between the Australian and US dollar during 2016 fended off a price pinch for goat meat exporters hit with trade decline.

Christmas sparks boom in KFC sales in Japan

Japan's long-held tradition of celebrating Christmas with KFC has lifted poultry farmers after the industry culled half a million birds in November and December 2016 following a bird flu outbreak.

JAPAN SPOTLIGHT

Japanese officials considering imposing stricter GM labelling laws

Reports from Japan suggest officials are weighing up imposing stricter rules for the mandatory labelling of food items containing genetically modified foods.

Dateline Southeast Asia

Indonesia hints at halal mark, urges firms to target Islamic market

As Indonesia continues to miss out on the lucrative global halal market, Jakarta has begun drumming up support among SMEs to certify their halal from overseas bodies before exporting their...

Chinese dairy group opens South Australia formula facility

The first stage of Blue Lake Dairy Group’s A$65m (US$48.8m) processing plant at Tantanoola in South Australia has been officially opened.

Mondelēz ramps up premium offer in India with Cadbury Dairy Milk Silk Oreo

Mondelēz has introduced Cadbury Dairy Milk Silk Oreo to the Indian market after enjoying success with choco-bakery brands in other markets.

Qatar-backed wealth fund joins BRF to buy Turkey’s poultry leader

An international consortium backed by a Gulf sovereign wealth fund has agreed to buy Turkey’s biggest poultry producer in a half-billion-dollar deal fuelled by a desire to expand into halal...

Mondelēz settles Indian factory probe in the US for $13m

Cadbury owner Mondelēz International has agreed to pay $13m to settle action brought by US authorities accusing it of breaching foreign trade rules when upgrading a factory in India.

Why cardiovascular health functional foods are primed to take-off across APAC: Euromonitor

Despite Asia Pacific being a region with high incidence of cardiovascular diseases (CVDs), sales of cardiovascular health positioned foods and beverages are not high, writes Maria Mascaraque from Euromonitor International.

Key Industry Events

 

Access all events listing

Our events, Shows & Conferences...