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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.

Sports nutrition and healthy ageing will fuel China's industry growth

The rise of China’s functional food and dietary supplement industry is continuing to outstrip overall economic growth, and will continue to do so with sports nutrition and goods for the...

Dubai’s Al Ghurair snags first F&B franchise brand

Fruit-based beverage retailer Smoothie King has expanded into the Gulf through a partnership with Dubai conglomerate Al Ghurair and opened of its first outlet in the region. 

'Sound science' vital to boost faith in Asia's functional foods and supplements

Asia’s functional foods and supplements industry needs to stop making unfounded health claims, while also better educating policy makers about the sound science behind its reputable products.

China’s stake in Silver Fern Farms approved

The New Zealand government has given the go-ahead for Chinese food operator Shanghai Maling to buy a 50% stake in meat processor Silver Fern Farms for $261 million.

FI Asia 2016: The key industry trends hitting the show floor

With FI Asia taking place this week in Jakarta with 15,000 visitors, 650 exhibitors and a host of industry experts in one place, we caught up with Olav Masseling, brand...

India

Minister: India’s food processing industry could treble in size

India’s food processing industry is likely to treble in size over the coming years, with international manufacturers starting to see the Asian giant as a “global food factory”.

Fonterra opens hub for China, invests in Tasmania

New Zealand’s Food Safety Minister Jo Goodhew has welcomed the opening of the Fonterra Ying Hub in Ying County, Shuozhou City, Shanxi Province, China.

'Bias at all levels': Scathing review published into sweetener-funded research

University of Sydney and Ramazzini Institute researchers are claiming widespread bias in industry-funded research into artificial sweeteners, arguing those financially backed by business are far more likely to have favourable results....

Wellard’s Chinese shareholders boosted by refinancing deal

Animal exporter Wellard is set to receive a multi-million-dollar payment from its largest shareholder, WGH Holdings, as part of a refinancing move set to benefit its Chinese backers.

Multiple lysine forms support growth, production of catfish, Nile tilapia

Channel catfish and Nile tilapia diets provide platform for comparing forms of lysine used in feed, say researchers. 

‘$2 trillion prize' for meeting global nutrition and sustainability needs

The food industry needs to stop looking at challenges such as obesity, malnutrition and waste as costly challenges and see them as the opportunities for creating “$2 trillion of added...

News in brief

Indian ingredient firm Roha opens German base

Indian-based ingredient firm Roha has continued its global expansion by opening a German office to increase technical and consumer support in Europe. 

China’s fragmented bakery market likely to consolidate: Mintel

China’s fast-growing bakery market is likely to experience consolidation as larger players develop, analysts at Mintel have suggested.

China leapfrogs America to become leading ice-cream consumer

Asia-Pacific countries are coming to prominence in the US$31bn global ice cream market, with first-placed China now accounting for roughly one-third of consumption after years of steady growth.

Australia leading the way with ‘everyday’ sports nutrition trend

There is a rising trend for a new category of ‘everyday’ sports products, and Aussies can’t get enough of it, says Mintel.

News in brief

Market update: Australian lamb

Strengthening domestic demand for Australian lamb has forced prices to grow to be 32% higher in August than they were in the corresponding month in 2015. This represents a two-year...

Australia

Craft-beer start-up has eyes on expansion from Adelaide to Asia

A home-delivery craft-beer service is helping put independent brews in the hands of ale lovers around Australia.

Mintel report shows Chinese energy drink consumption increased by 25%, four times more than the US

A new Mintel report shows that Chinese consumers drank an additional 545m liters of sports drinks in 2015 compared to the previous year, a 25% volume growth.

Joint venture forms Burmese chicken company

A chicken hatchery tasked to produce 12 million birds has been created in Burma by a joint venture of animal feed and poultry breeding companies from the Netherlands and Belgium. 

Asia-Pacific drives world growth in hemp-based foods

Asia-Pacific is due to emerge as the leading market for hemp-based foods and sustain an annualised growth rate of over 23% until 2020.

Brazil’s BRF buys majority stake in Malaysian meat processor

Brazilian food conglomerate BRF has entered into an agreement with Malaysian agri-food firm FFM Berhad to acquire a 70% stake in its subsidiary FFM Further Processing (FFP) for $16m.

Ireland making headway on China beef deal

The Republic of Ireland has welcomed “very positive” talks and “constructive engagement” with China over plans to open the market for beef exports.

Australian nutraceutical firm APM taken over in A$90m deal

Australian food packaging firm Pact is to acquire specialty nutraceutical manufacturer Australian Pharmaceutical Manufacturers (APM) for A$90m.

Brazil sees exports of grape juice drinks soar in Japan

Brazil has seen exports of grape juice drinks soar in Japan, but wine exports are struggling to get a foothold abroad, according to IBRAVIN Brazilian wine institute.

This week Down Under

Income squeeze slams Australian food retail

Weak underlying income growth is squeezing turnover in food retail, while non-food categories are still benefiting from low interest rates and asset price inflation.

Key Industry Events