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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

China drives global baby food growth

China leads the Asia-Pacific countries that are now at the helm of global growth in baby food, according to an Allied Market Research report into the segment.

Fitch: Long-term restructuring forces Chinese grocery chains to delist

The trend for China’s grocery retailers to delist is a reflection of the long-term restructuring needed by the industry to address a rapidly changing market, according to Fitch.

Tetra Pak & DeLaval to raise the number of dairy cows in China from 45% to 60% by 2020

Tetra Pak and its sister company DeLaval, part of Tetra Laval Group, have signed a five-year agreement with the Dairy Association of China to train 150 Chinese dairy farm managers...

News in brief

Indian industry growth continues at 11% per year

The overall Indian food industry is expected to be worth US$65.4bn by 2018, a research report has estimated.  

F&B segment doing the ‘heavy lifting’ for New Zealand’s economy

The New Zealand Food & Grocery Council has welcomed the release of the government’s latest guide to investing in the country’s food and beverage industry, which details a number of...

Krones celebrates 100th order to install ErgoBloc L. machine in South Korea

Krones is celebrating after receiving its 100th order to install its ErgoBloc L. machine at FINE Bio for CSDs and still water, at its facility in Kirisan National Park, South...

Feed producer gets US$100m from environment-minded PE firm

KKR has invested US$100m in China’s biggest aquatic feed manufacturer at a time when the consumer freshwater and seafood market is growing faster than other protein segments in the country....

Oman and Japan create $400m food investment fund

Oman and Japan have agreed to form a US$400m investment fund focused on food and agribusiness, aimed at boosting the industry in Oman as well as Japanese exports.

Ishida bags Almarai poultry project, makes sales at GFM

Almarai has installed a 37,000 bird-per-hour poultry processing line from Ishida, the Japanese firm announced, as it revealed it also made an on-floor sale at Gulfood Manufacturing.

#Probiota16 : Amsterdam February 2-4, 2016

Probiota 2016 is go! for scientific abstracts extended until December 14

Probiota 2016 in Amsterdam is extending the deadline to submit abstracts for the Scientific Frontiers competition to December 14. We've had 15 entries but our scientific panel wants to see more...

News in brief

Danish probiotics major signs JV in Korea

Biocare Copenhagen, a Danish probiotics company, will enter the Korean market through a partnership with local health food manufacturer and distributor Health Balance.

Asian sweet maker opens manufacturing hub

Asian sweet maker Mushtaq Sweet Centre has opened a “bespoke” manufacturing hub in Birmingham after securing funding from Barclays.

10% increased demand for formula expected from China’s relaxed baby policy

The relaxation of China’s birth policy has had little immediate impact on milk demand and its global prices, though a moderately increased demand for infant formula is likely.

Dateline Southeast Asia

Cargill ramps up business and CSR activity in Vietnam

Cargill has announced the construction a US$30m animal feed mill in Binh Duong province as part of a series of investments in its Vietnam operation.

UK makes sustainable palm oil strides – but will it make its 100% certified target by 2015?

UK palm oil imports were 72% sustainable in 2014 – up from 55% in 2013, according to an annual progress report from the Department for Environment, Food and Rural Affairs (DEFRA).

Infant formula sales drive a2 Milk Company to revise full year outlook

The a2 Milk Company (a2MC) has revised its full year outlook on the back of booming demand for a2 Platinum infant formula.

Fonterra to sell 50% stake in DairiConcepts to US partner Dairy Farmers of America

Fonterra is to sell its 50% stake in DairiConcepts, its joint venture with Dairy Farmers of America (DFA), to the US dairy giant.

Dan Murphy’s leads Australia’s alcohol retail pack

More Australians shop for liquor at Dan Murphy’s than any other retail chain is a market that is worth A$296m (US$211m) a week, new research has found.

News in brief

Cost cutting drives General Mills to shut NZ manufacturing plant

General Mills will close its East Tamaki plant by the end of the year as part of an international restructuring process in the face of the company's dwindling international performance.  ...

ADM expands feed premix production in China

ADM has opened a premix plant in Nanjing, making it the agribusiness group’s third livestock industry targeted facility in China. 

News in brief

Health consciousness drives lightning breakfast cereals growth

India's breakfast cereal market has grown at an annualised rate of just over 22% since 2010, with Kellogg's, Bagrry and PepsiCo Quaker together capturing more than three-quarters of the market. 

News in brief

ChemChina places bid for Syngenta

China National Chemical Corporation, the state-owned conglomerate, is the latest company to show interest in buying Syngenta after the world’s biggest agrochemicals company managed to beat off a recent takeover...

Xi pub visit prompts newfound interest in British IPA

Images of China’s president enjoying a pint of British beer in an Oxfordshire pub alongside Prime Minister David Cameron have sparked a Far East “frenzy” for real ale.

#Probiota16 programme leaked; Amsterdam February 2-4, 2016

Probiota 2016 is open for business!...and science!...and more…

Digest the latest game-changing prebiotic and probiotic science; engage with 200 of your industry peers; debate with regulators and experts; assess start-up and major firm marketing and NPD moves; metabolise global markets; enjoy the best Amsterdam has to offer…...

AB InBev and SABMiller formalize terms of deal; with MillerCoors stake to be sold

AB InBev has formalized a £71bn / $107bn offer for SABMiller, which will see SABMiller’s stake in MillerCoors sold off to address regulatory issues.

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