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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.

The promise of premium: AB InBev confident in Chinese beer strategy

AB InBev says its premium and super-premium strategy in China is paying off, with the brewing giant building the category to meet ‘pent up demand.’ 

Soapbox

An ounce of prevention…

Benjamin Franklin’s quote that “an ounce of prevention is worth a pound of cure” is often used when referring to health, though he originally meant it in the context of...

‘Emerging middle class’ drive B-brand growth

The emergence of a new middle class in emerging markets can serve as a catalyst to B-brand growth, rather than benefiting established global brands, say researchers.

H.B. Fuller to open hot melt and water-based adhesives factory in Indonesia in 2016

H.B. Fuller will open a hot melt and water-based adhesives manufacturing facility in Surabaya, Indonesia, with operations starting in the second quarter of 2016.

Developing markets show more concern for environmentally sound packs than developed ones: Tetra Pak

Consumers demonstrate growing interest in environmentally sound packaging, with shoppers in developing countries wishing to secure a cleaner environment for their children, according to Tetra Pak. 

Blendhub Corp. to open 40 factories in the next 3 years as processed food sales reach $8tn in 2016

Blendhub Corp. has set up its third Portable Powder Blending plant (PPB) in Mexico, after Spain and India, as it plans to open 40 factories in the next three years...

Far East digest

Taiwan FDA cracks down on imports from Fukushima

Taiwan FDA cracks down on imports from Fukushima

Dateline Southeast Asia

Quarter of a million tonnes of food wasted during Ramadan in Malaysia

Malaysia: Quarter of a million tonnes of food wasted during Ramadan

Looming RCEP deal could help unlock conclusion of Trans-Pacific FTA

South Korea has joined 15 other countries in holding fresh talks on a regional free-trade agreement to be held in Myanmar next month, when it is hoped that a cross-Asia...

Datagraphic

The ones to watch: Euromonitor pinpoints three chocolate markets in the Middle East & Africa

Euromonitor International unveils the world’s fastest growing chocolate markets and earmarks three beyond India and China that should be high on every confectioner's agenda.

News in brief

Iggesund Paperboard to open sheeting and warehousing facility in Taiwan

Iggesund Paperboard will open a sheeting and warehousing facility in Taiwan at the end of July 2015.

China overtakes US to become ice cream market 'powerhouse': Mintel

China has overtaken the US to become the “powerhouse” of the global ice cream market, says Mintel.

a2 Milk Company rejects Dean Foods, Freedom Foods takeover bid

The a2 Milk Company (a2MC) has rejected a joint takeover bid by Australian firm Freedom Foods and US dairy giant Dean Foods.

Japan

KonaRed looks to Pacific neighbour for new coffee fruit market

Hawaiian antioxidant juice manufacturer KonaRed is moving into Japan with its nutritional supplements made from the American state’s indigenous coffee fruit.

Australia

Brand names can't trump supermarket cheese hegemony

Australians still enjoy their cheddar. Market research by Roy Morgan Research shows that almost 85% of Australian shoppers buy some kind of cheese at least once each month

Fonterra slashes workforce by more than 500 'to remain strongly competitive'

Fonterra, the world's largest dairy exporter, is reducing its workforce by more than 500 in the face of falling milk prices.

Japan signs Alga Tech deal

Alga Technologies, an Israeli-based astaxanthin producer, has signed a deal to supply Fujifilm in Japan with AstaPure, which will be used in the firm's Astalift skin care products.

Special edition: Product Inspection

Tomra: ‘Emerging BRICS markets provide opportunities but very different challenges’

Tomra Sorting has launched three products to market in the last three months as it claims the emerging BRICS markets provide new opportunities but also very different challenges.

Almarai profit up 22%, but subsidiaries lose US$87m

Saudi food producer Almarai announced a 22.4% rise in profits to reach US$141m for its second quarter, with increased sales, but also a US$87.5m write-down of its subsidiaries.

Seaweed feed firm generates €1.4m in funds to hike capacity

An Ireland based macroalgae derived feed ingredient firm has raised €1.4m in funding to significantly boost production output.

China direct

Fashionable food taking over from value as Chinese tastes change

Fashionable food taking over from value as Chinese tastes change

Sanger Australia merger comes amid cattle trading boom

Bindaree Beef, the Inverell-based Australian meat processor, has merged with marketing and logistics company Sanger Australia.

US red meat exporters enjoy boost from Korea

Korea offers hope to US beef and pork exporters after international trade lost momentum in May, falling below levels for last year in both volume and value.

Neighbouring Fonterra and A-ware plants get the royal treatment at opening

King Willem-Alexander of the Netherlands was on hand to officially open Fonterra's first wholly-owned and operated European ingredients plant. 

Volac and Wilmar feed fats JV bolstered to go beyond dairy and Australasia market

Volac and Wilmar are scaling up an existing joint venture in feed fats to target both a broader range of livestock production and more regions.

Key Industry Events

Vitafoods Asia 2015

Hong Kong / Conference and exhibition

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Fi Asia

Bangkok / Conference and exhibition

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Food Vision USA 2015

Chicago, IL / Conference

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