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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.

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.

Instant value with healthy, non-MSG noodles in China

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

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

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

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

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

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

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,...

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

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...

Sabinsa talks health and wellness science with South Korea

Botanical extracts firm Sabinsa will hold a science-intensive seminar in South Korea to educate key customers on its research and ingredients spanning the health and wellness market.

China: The new global food and grocery giant

China’s food and grocery market has outgrown the US market and is now the biggest in the world and forecast to hit US$1.46 trillion by 2015, according to a report.

Cargill’s new Asia unit eyes China and India

With India and China firmly in mind, Cargill has launched ‘Cargill Specialty Asia’ to serve its portfolio of specialty food ingredients and application capabilities, including texturisers and health and nutrition...

News in brief

Tilaknagar Industries buys developer for its new projects

Tilaknagar Industries (TI), a manufacturer of Indian Made Foreign Liquor (IMFL) with over 40 brands across a diverse range of price and product segments, has announced the acquisition of Studd Projects.

PepsiCo strikes innovation alliance with Chinese beverage firm

PepsiCo has formed an alliance with local beverage giant, Tingyi-Asahi Beverages, in a bid to extend its reach and increase traction in China.

China’s sweet tooth drives TIC Gums innovation

Food technologist, TIC Gums, has launched a candy coating technology in China in the wake of a stark surge in the consumption of sweets across the country, fuelled by rising...

Fortitech underpins China's fortified food demand with Shanghai office

Nutrient specialist, Fortitech, has opened a sales and support office in Shanghai in response to a surging market for fortified food and beverages spurred by a newly health-focused consumer group...

News in brief

Retail Food Group eyes further takeovers

Australia-based Retail Food Group (RFG), owner of food brands Brumby's Bakeries and Donut King, has increased its credit arrangements to allow for more acquisitions in the region.

China food market entry: Traditional routes best avoided

Going online in China is a cost-effective, viable alternative for food and beverage brands entering the country amid sky-high entry costs and structural inefficiencies in traditional retailers, according to a...

News in brief

Pushing European meats in Asia

European meats and meat products are being promoted in China, Singapore and Thailand by a Poland-based program, the European Table.

India plans African food processing cluster by 2015

Following the lead of others countries, including China, which are looking towards Africa for their food demands, India has given a green light to set up a food processing cluster...

Enzymotec Shanghai office to support China growth

Lipid ingredients manufacturer, Enzymotec, has opened a commercial operations office in Shanghai to support its growing infant nutrition and bioactive ingredients business in the Chinese market.

Nestlé invests S$5.5m to drive product development in Singapore

Nestlé will invest S$5.5m in its Singapore R&D centre to expand activities in development of products such as coffee mixes and malted beverages for both the Asian and global markets....

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