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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.

Thai food giant to tap West African noodles market

18-May-2012 - In a first, a Thai food major is taking its operations across the Indian Ocean to Africa, hoping to capitalise both on available resources and rising consumption in the region.

Indian herbal specialist ups coleus farming amid weight management demands

15-May-2012 - Indian herbal specialist, Olive Lifesciences, has increased the contract farming for its lead product coleus, amid growing weight management demands for the extract from Japan, Europe and the US.

BASF backs Chinese functional bakery

14-May-2012 - China’s bakery sector is fast developing but there are unmet needs for healthier products that BASF Nutrition is hoping to tap into following its presence at Shanghai trade show Bakery China 2012 last week.

Foreign food investments - easier said than done: NZFGC

14-May-2012 - Tripling foreign capital in New Zealand’s food and beverage sector is too ambitious, says the New Zealand Food and Grocery Council (NZFGC).

Foreign capital needed to boost Kiwi food and beverage sector: Government agency

10-May-2012 - New Zealand’s food and beverage industry must shift to producing end products in a bid to drive its export market, but this transition will require hefty foreign capital, a Ministry report said.

Fluxome granted Japanese omega-3 processing patent

09-May-2012 - Natural ingredients supplier, Fluxome, has been awarded a patent for its omega-3 production technology in the ‘important’ Japanese market.

US algae firm will upscale and enter Southeast Asia with Indonesian investment

07-May-2012 - A US$15m strategic investment from Indonesian agribusiness group, Salim, will increase research and production capabilities and open new market doors for US algae technology firm Heliae.

Indian diet experts demand GI food indicators

03-May-2012 - Nutritionists in India have called for clear labelling of the glycemic index (GI) on food products, as a new survey has revealed a low level of awareness on GI consumption.

China is consolidating, but diversifying?

02-May-2012 - China’s food and beverage market is undergoing consolidation – much of which is being achieved through rampant acquisitions across new market sectors and countries, according to an analyst.

Indian packaged food industry to soar: Report

02-May-2012 - The Indian packaged food industry is expected to touch US$30bn by the year 2015 on the back of growing awareness, busier lifestyles, and a booming economic environment.

Chinese agricultural firm carves new FMCG product line

30-Apr-2012 - Shanxi-based Deyu Agriculture has developed a new line of MSG-free, easy-cook noodles that will enable it to delve into an unknown yet lucrative fast moving consumer goods (FMCG) sector in China.

Nestlé ousts infant formula competitors in China with ‘significant’ Pfizer takeover

24-Apr-2012 - Nestlé has solidified its hold in China’s growing and lucrative infant formula market in its takeover of Pfizer Nutrition that has secured competitor brands SMA and Promil, according to analysts.

BioGaia secures distribution in Taiwan’s developed probiotic market

24-Apr-2012 - Probiotic supplier BioGaia has secured an exclusive distribution agreement for its ProTectis infant tablet and drop line in Taiwan as it ‘fills the gaps’ in its market presence across Asia.

Nestlé’s €9bn Pfizer buy may face anti-trust trouble

23-Apr-2012 - Nestlé’s $11.85bn (€9.02bn) acquisition of Pfizer Nutrition may run into anti-trust hurdles after it beat Danone to the drug giant’s global infant nutrition business, according to an analyst.

Instant value with healthy, non-MSG noodles in China

23-Apr-2012 - Developing non-MSG, better-for-you instant noodles will surge market value in China’s commoditised market sector, according to Mintel research director.

Fonterra goes 'local' in Indonesia for swift market response

18-Apr-2012 - Fonterra will invest in a blending and packing facility in Indonesia to bolster its local presence and ensure swift response to market demands across the country’s dairy nutrition sector.

E-commerce should curb Korean food inflation, say policymakers

18-Apr-2012 - E-commerce could be a vital weapon in curbing burgeoning food and grocery price spikes across South Korea, policy makers have said.

Fenchem’s fish collagen targets Southeast Asia’s health market

16-Apr-2012 - Fenchem has launched its hydrolyzed fish collagen in the Southeast Asian market, to target the growing demand for health drinks and supplements in the region.

Indian supplement market ripe for foreign investments

12-Apr-2012 - New regulations will make India’s health supplements market far more attractive for foreign investors, the International Alliance of Dietary/Food Supplements (IADSA) has said.

Givaudan: flavoursome in China and Japan

12-Apr-2012 - Givaudan’s sturdy presence in China and Japan has helped secure strong Q1 results for its flavour division; with a 9.4% sales increase in Asia Pacific markets.

Spirit brands need to enter India at local level first: Rabobank

06-Apr-2012 - International spirit brands looking to gain traction in the Indian market need to establish a strong local hold and portfolio, perhaps through a partnership, before introducing premium products to market, according to Rabobank.

It's official: China is the world's ‘unsurprising’ food giant. And so what?

06-Apr-2012 - An IGD report has confirmed China as the world's biggest food and grocery market; bigger than America and forecast to hit US$1.46 trillion by 2015. Multinational interest in the market is ramping up, but do they really understand this gigantic but fragmented market?