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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.

India

PepsiCo to double investment in Indian snacks

PepsiCo chairman Indra Nooyi has pledged to double the company’s investment in its Indian food processing operation to add to the sizeable sums it has already spent in the country....

China offers good prospects despite tangled health food regulations

China’s health food and supplements niches need filling, even if the current regulatory environment continues to put off some key international players.

Treasury Wine Estates hints at possible US acquisitions

Troubled Australian wine group and takeover target Treasury Wine Estates wants to accelerate its high-value US business and is exploring possible acquisitions or takeovers there.

COKE'S MONSTER MARRIAGE: CRACKING CHINA

‘Monster Energy can crack China with Coke’s help’: CEO Rodney Sacks

Monster Energy CEO Rodney Sacks insists the brand will be well-placed to crack the Chinese market using the distribution might of new shareholder The Coca-Cola Company.

India

Lavazza departs India coffee chain market with sale of Barista

Yet another international firm has bid farewell to the Indian food service market after Lavazza sold its Barista Coffee Co., India’s oldest coffee chain, to local company Carnation Hospitality.

Australia

FTAs crucial to Australia’s agribusiness future

Australia must give priority to inking more Free Trade Agreements (FTAs) if it has to secure its agribusiness future, according to a new report by global agribusiness specialist Rabobank.

Australia

Businesses don’t know how to market to Chinese in the 'Asian Century'

Though the terms of Australia’s approach to its “Asian Century” policy might need some finessing, there is no doubt China still holds massive potential—as long as businesses learn how to...

China

New dairy culture sees explosive drinking yoghurt growth

For years a laggard in the dairy stakes, China is now seeing massive growth in its yoghurt drinks market largely because of significant investment and new demand for healthier drinks...

China’s bakery boom: How to have your cake and eat it

China will become the world’s second most valuable bakery and cereals market by 2018, and understanding lifestyles will be key to capitalizing on this growth, says Canadean.

China

China to claim second most valuable bakery and cereals market by 2018

The Chinese bakery and cereals market, which is already the world’s largest in volume, is set to become the second most valuable by 2018 as more urban dwellers consume pick-me-up snacks on-the-go. ...

Indonesia

Growing middle-class will lead poultry demand to double by 2018

Indonesia’s poultry sector is fast transforming from a backyard industry to professionally managed and integrated production, according to figures released by Rabobank.

Penfolds maker Treasury Wine Estates welcomes $3.15bn takeover bid

Penfolds producer Treasury Wine Estates has welcomed a $3.15bn takeover proposal from private equity firms Rhone Capital and KKR and will let them to conduct due diligence on its books.

Australia

Survey finds complementary healthcare industry is in good health

Business confidence is strong within Australia’s complementary healthcare segment with more than eight out of 10 companies expecting to see their businesses grow over the next three years.

‘Great to have the brand back!’ ABI seizes back Corona control from Carlsberg in China

Anheuser-Busch InBev (ABI) today took back distribution control of Corona Extra from Carlsberg in China as CEO Carlos Brita insists the brand will extend its ‘super premium’ position in the...

Sime Darby could take over New Britain Palm Oil

A major stake in New Britain Palm Oil, which supplies UK manufacturers, is being targeted by Malaysian conglomerate Sime Darby, part of the consortium that acquired Battersea Power Station.

'A MIXED YEAR AND A TOUGHER ONE THAN WE ANTICIPATED AT THE START': CFO DEIRDRE MAHLAN

Diageo’s top line takes a hammering: 2014 results show Chinese dragon bites

Diageo said today that foreign exchange movements ‘severely impacted’ its 2014 top line while Chinese anti-extravagance measures also hit hard – our slideshow dissects the Johnnie Walker distiller's performance.

Australia

Victorian grains to reap long-term research benefits

Grain growers in the state of Victoria will benefit from a new five year agreement that will increase research and development in their industry, according to the Australian agriculture minister.

New Zealand

Manuka honey guidelines published to combat false label claims

New Zealand’s Ministry for Primary Industries has released manuka honey labelling interim guidelines to clarify what claims can be made and what constitutes the widely counterfeited and vaguely regulated variety...

Analysts fear Chinese frugality and US share loss: Looking ahead to Diageo’s 2014 results

With Diageo set to report its full-year 2014 results tomorrow, let’s look at what we might expect – with analysts predicting a share loss in US spirits and continued concerns...

Australia

Nothing bitter about craft beer’s rising popularity

The remarkable rise in popularity of craft beer in Australia might be driving mainstream brewery executives to the bottle, but for Glenn Cary, chief executive of the independent Balmain Brewing...

India

Relatively new heat-and-eat segment to nearly treble by 2019

Although still young and relatively small, India’s heat-and-eat food industry is in the midst of tremendous growth that will see its size nearly treble by 2019, according to new research.

China and Co. driving New Zealand food and beverage exports

Consumer demand from East and Southeast Asia for high value foods and beverages is driving export growth and diversification for New Zealand’s food and beverage industry, a new government report...

“The IEA does not accept state money, and all of our research is independent of corporate funding.”

UK think tank denies Malaysian palm oil conflict of interest accusations

The Institute of Economic Affairs (IEA) has said categorically it does not accept state money, following accusations by a Malaysian media outlet that the UK think tank is in bed...

Sri Lanka will 'set the pace' for India in milk yield and quality: Wellard

Sri Lanka will soon "set the pace" for neighboring India in terms of milk quality and yield per cow, Australia's largest livestock exporter, Wellard Rural Exports, has claimed.

China

Premium brands will lead as China’s beer economy leapfrogs that of US

Now double the size of its American counterpart, China's beer market is an exciting place to be for international brewers in spite of protectionist controls put in place by its...

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