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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.

NEWS SHORT

Indian government urges PepsiCo to cut soda sugar levels

The Indian government has urged PepsiCo boss Indra Nooyi to cut sugar levels in soft drinks further and launch more healthy and nutritious products.

Arla pours €38m into facility to meet whey demand

Dairy giant Arla's ingredients business is building a new whey processing facility for €38m to meet rising demand for the dairy fraction in infant, sports and clinical nutrition.

Weston Milling and AB Mauri merge in Australia

George Weston Foods’ Weston Milling will merge with AB Mauri Australia/New Zealand to form a large bakery ingredients business across the region.

Huhtamäki Oyj acquires Interpac Packaging for $9m

Huhtamäki Oyj has acquired folded carton packaging manufacturer, Interpac Packaging in Auckland, New Zealand.

GCC food imports to double in a decade to $53bn

GCC spending on food imports will more than double in the decade to 2020 to reach US$53.1bn, according to an Economist Intelligence Unit (EIU) report.

Pernod Ricard hit by Chinese slump

Pernod Ricard says a slump in China, and unfavourable foreign exchange effect, is responsible for an overall 7% fall in sales, as it released its full year 2013/14 results today. 

From lab to field: Breeding-out Australia’s ‘most costly’ wheat disease

Australian farmers are reaping the benefits of yellow spot-resistant wheat, developed by a team of researchers using gene deletion.

India

PepsiCo to double investment in Indian snacks

PepsiCo chairman Indra Nooyi has pledged to double the company’s investment in its Indian food processing operation to add to the sizeable sums it has already spent in the country....

China offers good prospects despite tangled health food regulations

China’s health food and supplements niches need filling, even if the current regulatory environment continues to put off some key international players.

Treasury Wine Estates hints at possible US acquisitions

Troubled Australian wine group and takeover target Treasury Wine Estates wants to accelerate its high-value US business and is exploring possible acquisitions or takeovers there.

COKE'S MONSTER MARRIAGE: CRACKING CHINA

‘Monster Energy can crack China with Coke’s help’: CEO Rodney Sacks

Monster Energy CEO Rodney Sacks insists the brand will be well-placed to crack the Chinese market using the distribution might of new shareholder The Coca-Cola Company.

India

Lavazza departs India coffee chain market with sale of Barista

Yet another international firm has bid farewell to the Indian food service market after Lavazza sold its Barista Coffee Co., India’s oldest coffee chain, to local company Carnation Hospitality.

Australia

FTAs crucial to Australia’s agribusiness future

Australia must give priority to inking more Free Trade Agreements (FTAs) if it has to secure its agribusiness future, according to a new report by global agribusiness specialist Rabobank.

Australia

Businesses don’t know how to market to Chinese in the 'Asian Century'

Though the terms of Australia’s approach to its “Asian Century” policy might need some finessing, there is no doubt China still holds massive potential—as long as businesses learn how to...

China

New dairy culture sees explosive drinking yoghurt growth

For years a laggard in the dairy stakes, China is now seeing massive growth in its yoghurt drinks market largely because of significant investment and new demand for healthier drinks...

China’s bakery boom: How to have your cake and eat it

China will become the world’s second most valuable bakery and cereals market by 2018, and understanding lifestyles will be key to capitalizing on this growth, says Canadean.

China

China to claim second most valuable bakery and cereals market by 2018

The Chinese bakery and cereals market, which is already the world’s largest in volume, is set to become the second most valuable by 2018 as more urban dwellers consume pick-me-up snacks on-the-go. ...

Indonesia

Growing middle-class will lead poultry demand to double by 2018

Indonesia’s poultry sector is fast transforming from a backyard industry to professionally managed and integrated production, according to figures released by Rabobank.

Penfolds maker Treasury Wine Estates welcomes $3.15bn takeover bid

Penfolds producer Treasury Wine Estates has welcomed a $3.15bn takeover proposal from private equity firms Rhone Capital and KKR and will let them to conduct due diligence on its books.

Australia

Survey finds complementary healthcare industry is in good health

Business confidence is strong within Australia’s complementary healthcare segment with more than eight out of 10 companies expecting to see their businesses grow over the next three years.

‘Great to have the brand back!’ ABI seizes back Corona control from Carlsberg in China

Anheuser-Busch InBev (ABI) today took back distribution control of Corona Extra from Carlsberg in China as CEO Carlos Brita insists the brand will extend its ‘super premium’ position in the...

Sime Darby could take over New Britain Palm Oil

A major stake in New Britain Palm Oil, which supplies UK manufacturers, is being targeted by Malaysian conglomerate Sime Darby, part of the consortium that acquired Battersea Power Station.

'A MIXED YEAR AND A TOUGHER ONE THAN WE ANTICIPATED AT THE START': CFO DEIRDRE MAHLAN

Diageo’s top line takes a hammering: 2014 results show Chinese dragon bites

Diageo said today that foreign exchange movements ‘severely impacted’ its 2014 top line while Chinese anti-extravagance measures also hit hard – our slideshow dissects the Johnnie Walker distiller's performance.

Australia

Victorian grains to reap long-term research benefits

Grain growers in the state of Victoria will benefit from a new five year agreement that will increase research and development in their industry, according to the Australian agriculture minister.

New Zealand

Manuka honey guidelines published to combat false label claims

New Zealand’s Ministry for Primary Industries has released manuka honey labelling interim guidelines to clarify what claims can be made and what constitutes the widely counterfeited and vaguely regulated variety...

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