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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.

Chinese now make up nearly half of Aussie university’s oenology places

One Australian university has seen an almost three-fold increase in Chinese enrolments in its winemaking courses over the past five years.

Japanese e-commerce site allows customers to choose by aroma

A Japanese company that designs and develops small odour-imaging sensors is in the final stages of testing what it claims to be the world’s first e-commerce website on which consumers...

Is dairy a hindrance and not a help for probiotics growth?

The vast majority of new product development for functional foods featuring probiotics “remains in the dairy space”, but this may be more of a hindrance than a help for the...

Australian growth drives positive Hilton trading

International meat packing business Hilton Food Group has reported a solid trading update, driven by strong growth in Australia.

Fonterra optimistic as milk price increases

Fonterra Co-operative Group has increased its 2016/17 forecast Farmgate Milk Price to NZ$6.15 (US$4.31) per kgMS.

This week Down Under

Will AmazonFresh disrupt Australia’s bricks-and-mortar market?

After months of industry speculation, American e-commerce giant Amazon has finally confirmed that it will expand into Australia. On arrival, its presence has the potential to shake up the Australian...

Functional beverages in Asia: Start-ups need to 'redress the health balance'

Functional beverage start-ups in Asia should not get fixated on making and securing official health and efficacy claims before launching, and could look instead to “wrap up” products alongside more...

Symrise wants one-third of its business in APAC as it opens new Singapore labs

Flavour and fragrance firm Symrise has opened a new innovation and technology centre in Singapore, and is now setting its sights on boosting APAC business to account for one-third of...

News in brief

Detection Technology expands Beijing plant

X-ray imaging manufacturer Detection Technology has completed a 20% expansion of its Beijing factory to increase production capacity to meet demand forecasts.

Sales of sugar-containing sports drinks facing a ban in some of Australia's leisure centres

Stopping sales of 'unhealthy soft drinks' in Australian sports centres leads to increases in purchases of healthier beverages and the same level of total dollar transactions, claims new research, with...

Japan's supermarkets targeted in US marketing push

The US Meat Export Federation (USMEF) is partnering with supermarket chains and event organisers in Japan’s regions to strengthen already high US red meat sales by localising marketing, public relations...

Nestlé officially opens Vietnam MILO plant

Nestlé has inaugurated a new MILO factory in Hung Yen, Vietnam.

Sustainable food and booze: NZ’s most sought-after exports to Singapore

New Zealand’s wealth of safe, sustainable food and beverage sources is not lost on Singaporean consumers, with total exports rising by 10% to $1.1bn in the past year.

French yeast giant Lesaffre establishes APAC hub in Singapore

Lesaffre, a 164-year-old French company specialising in yeast and fermentation products, has officially opened its regional expertise hub in Singapore, consolidating its different APAC business streams.

Eight start-ups vying for the Future Food Asia Award unveiled

The eight finalists for the Future Food Asia Award have been announced, with the winner of the US$ 100,000 grant set to be announced in Singapore this week.

Last year’s bumper food M&A activity set to continue in 2017

Merger activity in the UAE’s food and beverage segment, which surged by US$3bn in 2016, is expected to remain strong this year, albeit after a slow start.

Dubai hydroponics investor launches global food security fund

Dubai’s Pegasus Agriculture Group, which owns various hydroponic farming facilities in the Middle East and North Africa, has established a futures fund to focus on food security.

Miraka expands with Malaysia deal

Miraka, New Zealand’s first Maori-owned milk company, has signed an MOU with Malaysian company Storiiu, a food distribution business, to supply their flagship consumer food, Whai Ora. 

Nestlé inaugurates Nescafé and Maggi factory in Dubai

Nestlé Middle East has inaugurated its Al-Maha factory in Dubai South; its 18th factory in the region. 

China's infant formula trends: Sales boom predicted with organic and premium brands leading the charge

China’s infant milk formula market is poised to boom in the next five years as a result of the new “two-child” policy, and tighter rules issued by regulators, analysts said...

Probiotic proliferation: Australian and New Zealand consumers increasingly open to new health benefits

Australian and New Zealand probiotic product launches have rocketed by 200% in the past three years, with immunity claims becoming widely accepted by consumers alongside traditional gut health benefits.

China direct

ChemChina poised for swift completion of Syngenta deal

Now with the support of some 82% of Syngenta shareholders, ChemChina’s US$43bn bid to take over the Swiss pesticides and seeds group appears to be heading for fast completion.

Fonterra introducing trial hi-tech local weather stations for dairy farmers

Fonterra farmers in New Zealand will test new weather technology that the dairy cooperative hopes will bring greater precision.

Australian chicken giant to create 400 jobs

Poultry producer Ingham’s Group Limited will invest AU$70m ($51m) over a three-year expansion plan that will create 400 jobs in Western Australia.

VITAFOODS 2017

Sports nutrition scoring in the mainstream: The latest trends driving the sector’s growth

The blurring of boundaries between sports nutrition and mainstream food and beverages is fuelling the sector’s growth, alongside new product development (NPD) tackling consumer needs according to their age, gender...

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