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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.

Exclusive interview

MENA Millennials driving demand for bakery and snacks, says Golden Agri-Resources

The Middle East and North Africa (MENA) is developing a taste for luxury products, especially premium bakery goods, snacks and confectionery.

New India supplements and nutraceuticals rules receive backing of direct-selling industry

The Indian Direct Selling Association (IDSA) has welcomed new rules for supplements and nutraceuticals announced by the Food Safety and Standards Authority of India (FSSAI), saying it is a crucial...

Asian grocery growth to outpace Europe and North America combined

Asia will remain the biggest engine of growth in the grocery market with sales expected to exceed those of Europe and North America combined within five years, according to new...

South Asia radius

Amira joins select few firms with permission to ship rice to China

Dubai-based Amira Nature Foods, which manufactures packaged Indian specialty rice, is now one of only a select few Indian companies allowed to export rice to China after they were granted...

China infant formula uncertainty claims another victim: Murray Goulburn and Mead Johnson deal scrapped

Australian dairy co-operative Murray Goulburn and Mead Johnson Nutrition have scrapped an agreement signed in March to supply infant formula to Asia.

China

SIAF aquaculture offshoot given green light to expand with $36m loan

Chinese protein investment major Sino Agro Food Industries’ fisheries subsidiary has been approved for a CNY250m (US$36.3m) loan to expand its operations.

News in brief

Chaucer sold to Japanese food firm in €122m deal

British food firm Chaucer has been sold to Japanese manufacturer Nagatanien in a £102.8m (€122.8m) deal which the freeze-dried food manufacturer says will help it expand into the US and...

Mubadala mulls two big Russian agriculture investments

Abu Dhabi state investment vehicle Mubadala may make two food-supply investments worth up to US$200m to Russia’s food sector. 

Saudi PIF acquires half of Adeptio soon after Americana sale

Saudi Arabia’s sovereign wealth fund has made a rare foray into into the food industry after concluding a deal to buy half of Adeptio Holdings, which recently acquired a 67%...

News in brief

Pancosma invests in additives producer in China

Pancosma has acquired an 80% majority shareholding in a Chinese feed additives firm, Jangsu Keybio Biology Technology Co, to accelerate its development in China.

Guest article

Sports nutrition set for impressive Asia growth as products become ‘lifestyle choices’

The sports nutrition market picking up the pace in Asia Pacific and can look forward to long-term growth, writes Allied Market Research analyst Ravi Chawat.

Valio to sell lactose-free milk powder in China

Finnish dairy company Valio has started exporting lactose-free consumer milk powder to China.

Patience is a virtue when mastering China, Cosucra finds

Far East business is now getting “hot” for Belgian vegetable protein supplier Cosucra after five years of expanding in China.

China’s tiny baked goods category now ripe for foreign investment

Though its baked goods market is 125 times smaller than its counterpart in Europe, China still holds enormous potential for businesses exactly because of this low per-capita consumption.

Malaysia offers to advise Japanese halal industry ahead of Olympics

Malaysia has offered to advise the Japanese halal industry, which its prime minister says holds great potential for Islamic products. 

Singapore food industry transformation is all about the long-term

Singapore’s policymakers have once again turned their attention to the food industry, and in light of recent previous sorties in this direction, it can only be a good thing.

Vinamilk farm first to achieve EU organic standard in Vietnam

Vinamilk’s Da Lat Organic dairy farm, located in Lam Dong, is the first organic dairy farm in Vietnam to be certified to a European standard.

Ifad chief visits Pakistan with commitment to rural poor

The president of the International Fund for Agricultural Development is visiting Pakistan this week to renew the UN agency’s commitment to alleviate rural poverty and boost food security in the...

Danish Crown sustained by demand from Asia

Demand from Asia sustained Danish Crown’s sales in the face of greater challenges in its UK market in the past year, according to chief executive Jais Valeur.

China supplements market uncovered (part two): Which health claims can entice Chinese citizens?

Analysis of the top 20 claims of new health supplement launches in China between 2014-16 shows products targeting female and seniors are on the rise, with claims related to bone,...

Yummex Middle East

Toffano coffee candy takes top spot in Yemen

Toffano has seen success with its coffee candy Café Gold and Brinq Bol Tutti-Frutti Flavoured Bubble Gum Candy in Yemen.

China supplements market uncovered (part one): Minerals and dietary supplements out-performing vitamins

Minerals and dietary supplements are leading the nutrition industry’s charge in China, with vitamins lagging behind, according to a new report which suggests the total market will reach RMB124bn (USD$20bn)...

Government subsidies underpin Turkey’s export charge into Gulf

Turkey is looking to become a dominant player in food processing in the Middle East on the back of its halal expertise, alignment with regional tastes, market proximity and competitive...

Nestlé Lanka opens $3.4m UHT milk plant

Nestlé Lanka has opened a new UHT milk plant in its factory in Kurunegala, Sri Lanka. The new production facility cost LKR500m ($3.4m) to construct.

Australia’s favourite vitamin brand revealed as data shows almost 45% regularly take a supplement

Almost 9m Aussies (44.2% of the population) regularly take vitamins, minerals or supplements, with Nature’s Own being the most widely consumed brand, according to new research.

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