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Topics > Industry growth

Bamboo shoots hold ‘great promise’ as health food and economic driver: Indian study

Bamboo shoots hold great nutritive and economic potential for Northeast India, according to an article by Bodoland University and the Maharani Lakshmi Ammanni College for Women.

C-store demand rocketing as more call centres open in Philippines

Tipped to grow at an annual rate pushing 10%, the Philippines grocery retail market is expected to become the fifth-biggest in Asia by 2021, according to new data by IGD.

Move over, mānuka? Firm claims stingless bee honey 'better for health and environment'

Honey from a stingless bee species native to the Philippines is being touted as superior to mānuka honey, with a Singapore firm marketing products made from the former.

NutraIngredients-Asia state of the industry survey part 1: Optimism high and finances buoyant, but new funding still a challenge

Three out of four respondents in the first NutraIngredients-Asia State of the Supplements, Health & Nutrition Survey believe their firms will post better financial results this year than last....

UK and China sign £200m pork export deal

The UK has signed a new export deal with China to supply pork products.

This week Down Under

Unilever acquires Aussie ice cream icon

Weis, one of Australia’s best-loved frozen bar manufacturers, has been snapped up by Unilever to bolster its ice cream range.

Doubling Chinese stores looks like a bold move by struggling McDonalds

McDonald’s will almost double the number of its stores in China in a shift of focus away from big cities to less-developed urban areas.

Australian beef exports up for first time in two years

Australian beef exports are up year-on-year for the first time in 24 months, with more growth expected after Japan hit the US, Australia’s biggest competitor, with a hefty tax hike. ...

Inflation and interest rates pile on hurt for Egyptian F&B majors

Food businesses have been suffering in Egypt, where rising interest rates and spiking inflation have caused a squeeze on consumer purchasing power.

Indian delegation touts for UAE trade

India’s food processing ministry has set out to woo businesses in the Gulf after the World Food India roadshow arrived in Dubai this week.

India

Britannia announces plans for Maharashtra mega-factory

Indian FMCG major Britannia Industries is planning to build a new plant at a mega food park in Maharashtra.

Food sector attracts over 40% of Sri Lankan SMEs

More than 40% of Sri Lankan small- and medium-sized businesses are now engaged in food processing, prompting the government to begin construction of a food testing centre aimed at village producers.

Novolex sells Chinese paper subsidiary to Aussie packaging major

Detmold Group has agreed to buy Heshan Innopak from its American parent. 

News in brief

Olam completes US$400m debt refinancing

Singapore-based Olam International, the multinational agri-commodity trader, has secured a revolving credit facility worth US$400m.

Sapporo acquires Anchor Brewing bringing the San Francisco beer to new global markets

Sapporo Holdings will acquire Anchor Brewing Company, maker of Anchor Steam beer, in a deal which will bring the California-based brewer to new international markets.

New China infant formula rules: Five international firms in first batch of approvals

China’s Food and Drug Administration (CFDA) has announced the first wave of infant nutrition companies and products that have passed its new registration programme, and are now free to trade...

Far East liquor firms top list of most valuable Asian F&B companies

Baiju liquor producer Kweichow Moutai has been named Asia’s leading food and beverage manufacturer in an analysis of market capitalisations in the region.

Southeast Asia radius

Thailand’s neighbours leapfrog Japan to become biggest export markets

Strong demand from other Asean countries should see 8% growth for Thai agriculture and food exports this year.

News in brief

Azelis acquires Chemcolour

Azelis has agreed to fully acquire Chemcolour, a leading food ingredients provider in Australia and New Zealand. 

Craft beer feature

Adelaide David and Goliath gain from different visions

Two breweries from opposite ends of the craft beer spectrum in South Australia have been making waves on the national stage.

Yakult, DuPont, Danone and Watsons join stellar line-up for first Probiota Asia summit in Singapore

Top-level speakers from a raft of major probiotics manufacturers and suppliers will join international academics to present at our first Probiota Asia summit in Singapore in October.

South Asia radius

FDI in Indian food processing netted 43% growth last fiscal

India has already attracted over US$180m in foreign direct investment in the new fiscal year, and has been witnessing growing interest from foreign food companies, according to the food processing...

Sanyuan and Fosun to acquire St- Hubert healthy-spreads company

Beijing Sanyuan Foods Co. (Sanyuan) and Fosun Group (Fosun) have agreed to jointly acquire Brassica TopCo and PPN Management, the controlling shareholders of St- Hubert.  

Starbucks buys back its eastern China operation in record deal

In the biggest single transaction in its history, Starbucks’ American parent has bought up the remaining shares in its eastern China joint-venture. The deal now brings all stores in the...

Japan’s Food with Function Claims: Limited consumer understanding of regulatory details

Consumers, physicians and pharmacists have a high level of awareness of the existence of Japan’s Food with Function Claims (FFC), but far fewer have a clear understanding of what the...

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