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Topics > Industry growth

Fonterra profits more than double

New Zealand dairy cooperative Fonterra has announced its first half results for the six months ending January 31, 2016.

Urbanisation responsible for India’s soaring breakfast cereals market

India’s breakfast cereal market has been growing at an annualised rate of over 22% over the last five years, driven largely by an increasing preference for western lifestyles and tastes.

Parkside plans Malaysia investment

Meat packaging manufacturer Parkside has announced plans to “invest significantly” in its Malaysia plant to offer its Asian customer base the same products as supplies to its European clients.

China sees baby food sales double in five years

Baby food sales in China almost doubled between 2010-15, with the country now estimated to consume around US$19bn worth of infant formula.

Yum! Brands to open first Taco Bell in China this year

Yum! Brands, the operator of KFC and Pizza Hut, plans to open its first Taco Bell store in China by the end of this year.

What is emotional marketing and how can social media help you get it right?

Social media has transformed the way food manufacturers can engage in emotional marketing and foster brand love among consumers – but tread carefully because it also magnifies errors if you...

News in brief

Sensient opens flavours and colours application centre in Singapore

Sensient Technologies Corporation is the latest ingredients supplier to open a technical development and application centre in Singapore, through which it plans to offer customers local formulations from its global portfolio of...

Coconut Beach founder: “We’re the anti-$8 coconut water”

The founders of Coconut Beach credit their affordable price to familial relationships with coconut growers in Thailand, and they want their product to reach the masses.

News in brief

Synlait adds 28 more milk suppliers

New Zealand company Synlait now has 201 milk suppliers for 2016/2017 to meet forecast growth in its value-added nutritional product business.

News in brief

Fonterra looks for Anmum success in NZ

Fonterra’s infant nutrition brand Anmum, which is currently available in Asia, can now be purchased by New Zealand families.

Vodka maker Chase Distillery wins China deal

A Midlands distillery has secured a lucrative deal to export its products to China.

Indian dairy industry growing: TechSci report interview

TechSci has published a new report on the Indian dairy industry.

India

Manpasand ties up with Baskin-Robbins in latest urban expansion deal

Baskin-Robbins India will now offer beverages in addition to ice creams after entering into an exclusive tie-up with fruit juice manufacturer Manpasand Beverages.

China

Blommer buys Shanghai cocoa facility

America’s biggest chocolate supplier has acquired a manufacturing plant in Shanghai as part of an estimated US$40m investment in a fully integrated bean processing and chocolate manufacturing facility.

Meat demand bolsters New Zealand export growth

New Zealand meat exports have been one of the key performers of 2015, helping the country earn NZ$2.5 billion more than the amount it spent on imported goods last year.

Moto aims to tap into Dubai’s energy

Moto, a new Dubai-made energy drink, made its entry at Gulfood and is aiming to leverage the emirate’s growing reputation to carve out its identity in a crowded market.

Comment

Gulfood: Big, noisy, and very intense

Gulfood’s record numbers and fever-pitch atmosphere only tell part of the show’s story – beneath the noise, the exhibition is becoming increasingly important.

India's Union Budget

Budget 2016: How it affects India's food industry

Most interest by the food industry in this year’s Union Budget will centre on reforms of foreign direct investment in food retail and policies aimed at farmers. Already, industry figures...

Revenue up as Murray Goulburn announces infant formula launch

Murray Goulburn (MG) will launch Devondale Natra Start infant formula in Australia in March 2016, with the brand available in China shortly afterwards.

New Fonterra plants open

Fonterra has officially opened four new plants in New Zealand across the South Island.

News in brief

Pakistan experiences strong growth in the meat export sector

Pakistan’s meat export industry is growing at a rate of 30% every year, head of meat and nutrition at the University of Veterinary and Animal Sciences (UVAS), Dr Muhammad Hayat...

Dispatches from Probiota 2016

Must read: Many, many things you need to know about probiotics until 2020

The global probiotics market is worth €32bn according to latest Euromonitor data and analysis presented recently at Probiota in Amsterdam – and that excludes fermented sour milks worth another €5.8bn.

Bega Cheese revenues up

Bega Cheese has announced a normalized 9.9% increase in profit after tax, a revenue increase to $403.5m (A$561.4m) and an EBITDA of $23.6m (A$32.9m) in its 1H 2016 financial report...

Aussie cheese: Country folk buy more, urbanites opt for own brands

Australians who live in the country are generally more likely than their city-dwelling counterparts to buy cheese in most states, a survey has found.

Event preview

Mars and Mondelēz to speak at Cocoa Revolution in Vietnam

Mondelēz International‘s cocoa sourcing manager for Asia and Mars’ Vietnam cocoa manager are among the speakers at the 2nd annual Cocoa Revolution conference.

Key Industry Events