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Breaking News on Food, Beverage & Supplement Development - 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.

Infant formula sales slump at Biostime but firm bullish over future growth

Sales at Chinese infant nutrition firm Biostime dropped by 14% in the first half of 2016 to RMB1.46bn (US$220m), with the Biostime brand – which accounts for 86% of the...

AUD$9m project puts algae under the nutritional spotlight in New South Wales

An AUD$9m (US$6.9m) project to boost the potential for algae in the nutrition, supplement and bio-industry has been launched in New South Wales.

R&D tax boost for Gordagen ahead of US nutraceutical launch

Australian nutraceutical firm Gordagen Pharmaceuticals is preparing to launch its heart health and endurance products in the US by the end of the year.

Mezzan buys majority stake in Saudi’s Al Safi for $24m

One of the Gulf’s biggest food and beverage companies has completed the acquisition of 70% of Al Safi Food, effectively granting it a local platform to manufacture and distribute food...

Saikexing secures $125m to expand in China

China’s number four dairy farming firm Saikexing has secured a $125m loan to reduce environmental pollution, improve food safety, and expand the supply of milk within China.

Natural ingredients in India: The four hurdles facing suppliers and manufacturers

Indian food manufacturers face four fundamental hurdles when it comes to expanding their use of natural ingredients, in addition to the extra cost that they can incur.

Japan’s Yonekyu welcomes Sealpac’s packaging

Yonekyu Corporation, one of Japan’s leading processed meat companies, has applauded the impact of Sealpac’s thermoformers on its production lines, claiming the equipment is “extremely strong”.

Australian beef council hails ‘important’ report

Cattle Council of Australia (CCA) CEO Jed Matz has welcomed a report from the Australian Meat Processor Corporation, which assessed the dangers of tighter competition laws. 

India’s food trends: What’s hot and what's not

Indian consumers are increasingly aware that all fats are not bad, are demanding more products that offer “complete wellness” and are becoming increasingly opening to exploring alternative proteins and natural...

News in brief

Syngenta, ChemChina deal sees US approval

China National Chemical Corporation’s (ChemChina) offer to buy Syngenta for $43bn has passed US review by the Committee on Foreign Investment in the US (CFIUS).

Asian demand for processing technology buoys global market

China, India and Saudi Arabia’s growing markets are spurring global demand for food processing machinery, which is expected to grow at an annualised rate of around 8% until 2020.

Logistics the biggest headache for India’s food and drink SMEs

Logistics infrastructure is the major stumbling block hampering the efforts of India’s food and beverage SMEs as they seek to expand and tap into growing consumer demand, business leaders have...

Fortification, standards and investment: Three priorities for India’s booming food industry

Implementing stringent safety and quality regulations, tackling micronutrient deficiencies and maximising the opportunities from inward investment need to be three of key priorities for the food industry in India, amid...

Operational efficiency key to driving down India’s packaging costs: PepsiCo exec

Reducing the amount of packaging can only improve gross margins to a certain extent, with most MNCs in India now turning their attention to achieving greater operational efficiency, according to a PepsiCo...

Australia

Pirate Life making waves in Australian craft brewing circles

Building an efficient packaging and distribution plan before opening its doors is proving as important as making a high-quality product for one of Australia’s fastest growing craft breweries. 

Profits triple at leading Chinese poultry firm

One of China’s leading poultry firms is reporting a bumper first half for 2016 thanks to domestic and export demand for its cooked poultry products. 

Ginger nanoparticles could help alleviate inflammatory bowel disease: Study

Edible ginger-derived nanoparticles could alleviate symptoms of Crohn’s disease and ulcerative colitis, the two main forms of inflammatory bowel disease (IBD), researchers claim.

Exclusive interview

Kiva releases cannabis chocolate bars despite difficulty imposed by state regulation

The increasing demand for consuming cannabis through confections has pushed the California-based Kiva to launch its first CBD chocolate bar line. 

Dateline Southeast Asia

Philippines grocery retail market ‘stands out in Asia’

Backed by solid economic growth, increasing incomes and strong domestic demand, the Philippines stands out as one of the top burgeoning retail markets in Asia.

News in brief

Fonterra adds to share dividend

Fonterra Co-operative Group Limited has confirmed it will pay a further NZ$0.10 ($0.07) per share on its previously announced 2015/16 forecast dividend of NZ$0.40 ($0.29) cents per share.

US beef growing in Japan

US beef exporters continue to gain market share as they battle with Australia for dominance in Japan, despite the favourable tariffs enjoyed by Australia’s producers, according to trade data.

News in brief

Thai functional beverage firm takes US$4m stake in coconut processor

Thailand functional beverages manufacturer Sappe has taken a 40% stake coconut processor Coconut Factory Co Ltd for US$4 million. 

Mondelēz warns multinationals to reposition during China’s economic slowdown

Multinational companies should reconsider their business strategies amid China’s economic slowdown, Mondelēz China president Stephen Maher told the audience at the recent Food and Beverage Innovation Forum in Shanghai....

India

Paper Boat invests in R&D for more trendy beverage flavours

Hip beverage brand Paper Boat has budged INR130m (US$2m) for research and development at a new science and technology facility in its native Bangalore.

Huhtamaki snaps up second Indian packaging company

Finnish packaging firm Huhtamaki has acquired a majority stake in Valpack, a privately held paper cup manufacturer based in Mumbai. 

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