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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.

News in brief

Philippines takes R&D to the provinces with new development centre

A food innovation centre has been established through a partnership between the Philippines Department of Science and Technology and Mariano Marcos State University in Ilocos Norte.

US investor sells last of its shares in Vietnam’s biggest F&B brand

American private equity fund KKR has now fully divested its interest in Masan Consumer Corporation after selling the remainder of its shares to parent Masan Group Corporation for an undisclosed...

Syngenta supports $43bn sale to ChemChina

Syngenta announced Wednesday that it is in favor of a $43bn purchase offer from ChemChina.

News in brief

Australian retail growth continues despite tough economic headwinds

Australian retail trade growth is expected to increase by 4.3% in the first quarter of 2016, following a solid Christmas trading period.

This week Down Under

Kiwi grocers come out in praise of TPP ahead of its Auckland signing

Despite widespread anticipated opposition when the Trans-Pacific Partnership trade pact is signed this week in Auckland, New Zealand’s grocers have voiced resounding approval of the trade pact.

New marketing push 'reinvents' Kellogg's Special K brand in Australian market

Kellogg’s Australia claims it is reinventing the Special K brand with a new marketing push designed to inspire women to make “realistic and positive changes”.

Indian black chicken producers seek geographical indication to boost trade

Authorities in the central Indian state of Madhya Pradesh are trying to acquire national geographical indication (GI) protection for a nutritious variety of ‘black chicken’ called ‘Kadaknath’, to promote national...

Premium brands could boost profits in China’s high-volume beer market

China’s high-volume, low-profit beer market is set to be transformed, with increased “premiumisation” providing opportunities for imported and licensed foreign beer brands, says Rabobank.

Australia

Coopers marks another record year for traditionally brewed ales

The trend for Australians to move away from mass-produced beer continues as annual sales by Coopers, the country’s biggest privately owned brewer, reach another record while sales by major players...

Singapore conglomerate bids for ownership of Peroni and Grolsch

Singapore’s Fraser and Neave has confirmed that it hopes to buy into the European beer market through the purchase of Peroni and Grolsch from Anheuser-Busch InBev.

Fonterra to develop functional products through new partnership with China’s By-Health

China’s By-Health has signed a strategic cooperative partnership agreement with Fonterra, according to a statement on CNINFO, China’s stock market information website.

Australia’s #GoodMeat campaign returns

Meat and Livestock Australia (MLA) has kick-started its popular #GoodMeat social media campaign to educate consumers on traceability, biodiversity, animal welfare and climate change.

Chinese state aid helps poultry firm expansion, despite pollution concern

Chinese poultry giant Henan Huaying Agricultural Development Co has aggressively expanded its duck and chicken processing capacity with a package of government subsidies totalling over RMB40 million for several new...

South Asia radius

Indian food retail market predicted to more than double in five years

Growth in India’s retail food market will be so significant for the remainder of this decade that it will “make a difference to the economic health of the country”, according...

News in brief

Iran market opening up to dairy imports and exports

Since the recent lifting of sanctions on Iran, companies are starting to see the country as a potential destination for exporting a variety of items, including dairy.

Asia to drive global packaging growth to $1bn, study predicts

Packaging’s importance has been increasing in emerging markets, with Asia’s new influence predicted to drive the segment’s value to almost US$1bn by 2020, according to a new industry report....

Great Indian Ice Cream Contest sees more contestants

DuPont Nutrition & Health, which provides food ingredient solutions to the global dairy industry, has launched the fifth season of The Great Indian Ice Cream Contest for ice cream manufacturers...

Mongolia pumps money into meat export development

Mongolia intends to increase the volume of meat exports to Russia, Vietnam, South Korea and China in the next few years, according to a recent statement from the country’s Agricultural...

Morinaga expands in SE Asia through new Singapore subsidiary

Morinaga Milk will establish a subsidiary in Singapore to capitalise on southeast Asian demand for infant nutrition.

Online brand exposure is important, says Nestlé, as it signs partnership in China

Nestlé China has signed a strategic cooperation partnership with Alibaba, saying that an online presence is an essential part of building its brands in China. 

Morinaga Milk opens Singapore subsidiary

The leading dairy product company in Japan, Morinaga Milk, has established a new subsidiary, Morinaga Nutritional Foods, in Singapore.

Thai Union finds work for 1,000 axed staff

International seafood processor Thai Union has given jobs to more than 1,000 workers who were made redundant in a restructuring of its external supply chain.

News in brief

Processed foods push emulsifiers into doubling market size by 2020

India’s food emulsifiers market reached a value of US$53.4m in 2013, and is projected to grow at an annual rate of 10.1% from 2015 to 2020, according to a new report. 

News in brief

ICL buys into Chinese phosphates major

Global speciality fertiliser manufacturer ICL has completed a 15% investment in China’s leading phosphate producer and the parent company of its partner in a joint-venture in China. 

China

Starbucks unveils benefits plans, e-strategy and increased store count

The chief executive of Starbucks has said the Chinese market is shaping the future of the chain after the opening of its 2,000th store in the country.

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