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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.

Vitafoods Europe records 12% growth, plots Asian show expansion

Vitafoods Europe saw 12% more attendees (11,594 ) pass through its doors in Geneva this year with show producer Informa casting its eyes forward to the second edition of Vitafoods...

Future Group inks deal with agri-processor

Food major Future Group has announced that it has inked a deal with rice processor LT Foods that includes the setting up of the latter’s new facility at the group’s...

Dispatches from Vitafoods Europe 2012

Chinese firm tackles Asia with its EU and US market knowledge

Chinese ingredients firm, Fenchem, has established a strong business presence in the EU and US but has now turned its attention back to its local territory – to target what...

Dispatches from Vitafoods Europe 2012

Vitafoods Europe snapshot shows strong Asian presence

Vitafoods Europe 2012 in Geneva attracted companies from all over the world, including Asia, with three dedicated pavilions to China, India and Korea housing smaller ingredients firms from each market.

India’s marine exports boom in Fukushima wake

India’s marine product exports are booming, underpinned by increased demand from Southeast Asian markets in the Fukushima aftermath.

Yihaodian: A wine gateway to China?

Chinese online supermarket giant, Yihaodian, is set to launch wines from New Zealand, France and the US on its site – offering a complete business solution for new international entrants,...

News in brief

India almost tripled organic exports last year, says government agency

India's organic exports almost tripled in value for the fiscal year 2011-12 from the previous year, a government agency detailed.

Dispatches from Vitafoods Europe 2012

EU market is 'difficult to penetrate' for Chinese ingredient firm

A local Chinese company has developed a curcurmin ingredient for the global market but a sales representative told FoodNavigator-Asia at Vitafoods Europe that India is a strong competitor and Europe...

Dispatches from Vitafoods Europe 2012

Regional partnerships are key to tackling Asia, says Vésale Pharma president

Asia’s functional food market is still a new target area for pharmaceutical firm Vésale Pharma and working with regional agents will prove essential in gaining traction in the market, according...

Thai food industry will remain robust within new EU-like network, says top food institute

Thailand is set to economically merge with its geographical neighbours by 2015, but its food industry will withstand economic pressures and flourish over the next decade, the head of the...

Malaysia’s palm oil market is mature but Indonesia holds growth potential: Rabobank

A mature palm oil market and scarce land for expansion in Malaysia means Indonesia is set to underpin increased production due to its considerably younger profile, a Rabobank report suggests.

Thai food giant to tap West African noodles market

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

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

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...

Foreign food investments - easier said than done: NZFGC

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

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...

Fluxome granted Japanese omega-3 processing patent

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

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

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?

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

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

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...

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

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

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

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.

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