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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.

Parmalat completes purchase of Fonterra yogurt and dairy business in Australia

Italian dairy company Parmalat has announced it has completed the acquisition of Fonterra’s yogurt and dairy dessert business.

News in brief

Digital halal firm plans stock market float

The world’s first e-commerce marketplace for halal products, DagangHalal, has said it intends to float on the London Stock Exchange (LSE) market for smaller growing companies – known as the...

China’s meat firms invest in pig herd growth

Nearly 25 million pigs will be added to China’s herd between 2015 and 2018 by a handful of leading companies in investments worth RMB70 billion ($10.74bn).

Nestlé results show Maggi incident still hurts

Nestlé’s still suffering from its Indian Maggi noodle recall and has lost touch with the Chinese consumer, hitting growth for the global food and drink manufacturer, according to market analysts....

Vietnam’s dairy sector ripe for milking

Unable to keep up with rising local demand, Vietnam’s dairy sector shows immense potential for local and foreign investors, according to a new report.

Infant formula drives profits at a2 Milk

The a2 Milk Company has posted its financial results for the six months ending December 31, 2015.

China’s massive foodservice industry drives global disposables growth

Asia-Pacific will outpace overall growth in the global foodservice disposables market, according to Technavio’s latest report on the segment.

Meat firms should target China’s tourists

Hotel chains like Hilton, InterContinental and Sheraton and airlines like Air Asia, Air China and Cathay Pacific have been busy expanding their operations in China to capture the rise in...

Asia-Pacific catching up fast on new supplement launches

Emerging markets have been witnessing rising demand for dietary supplements as increasing disposable incomes and a desire to take on elements of a more Western lifestyle have become apparent. 

Shimadzu unveils high-end single quad GC/MS instrument

Shimadzu says its GCMS-QP2020 high-end single quadrupole gas chromatograph mass spectrometer will open up new capabilities for food labs without them having to invest in expansive sample preparation and method...

Asahi bids for Peroni, Grolsch and Meantime beer brands

Japan’s Asahi Group Holdings Ltd has offered to buy SABMiller’s Peroni, Grolsch and Meantime brands, in a bid worth $2.9bn. 

Asian noodles hold promise, but consumer education is needed, Packaged Facts says

Despite hitting spot-on several major trends driving food sales today, Asian noodles are struggling to gain traction in the US because many consumers are unaware of, daunted by or have...

Red meat sector welcomes TPP Agreement signing

The signing of the Trans-Pacific Partnership (TPP) Agreement in New Zealand has been dubbed “a significant step towards reducing the amount of tariff and non-tariff barriers on red meat exports”...

News in brief

Philippines takes R&D to the provinces with new development centre

A food innovation centre has been established through a partnership between the Philippines Department of Science and Technology and Mariano Marcos State University in Ilocos Norte.

US investor sells last of its shares in Vietnam’s biggest F&B brand

American private equity fund KKR has now fully divested its interest in Masan Consumer Corporation after selling the remainder of its shares to parent Masan Group Corporation for an undisclosed...

Syngenta supports $43bn sale to ChemChina

Syngenta announced Wednesday that it is in favor of a $43bn purchase offer from ChemChina.

News in brief

Australian retail growth continues despite tough economic headwinds

Australian retail trade growth is expected to increase by 4.3% in the first quarter of 2016, following a solid Christmas trading period.

This week Down Under

Kiwi grocers come out in praise of TPP ahead of its Auckland signing

Despite widespread anticipated opposition when the Trans-Pacific Partnership trade pact is signed this week in Auckland, New Zealand’s grocers have voiced resounding approval of the trade pact.

New marketing push 'reinvents' Kellogg's Special K brand in Australian market

Kellogg’s Australia claims it is reinventing the Special K brand with a new marketing push designed to inspire women to make “realistic and positive changes”.

Indian black chicken producers seek geographical indication to boost trade

Authorities in the central Indian state of Madhya Pradesh are trying to acquire national geographical indication (GI) protection for a nutritious variety of ‘black chicken’ called ‘Kadaknath’, to promote national...

Premium brands could boost profits in China’s high-volume beer market

China’s high-volume, low-profit beer market is set to be transformed, with increased “premiumisation” providing opportunities for imported and licensed foreign beer brands, says Rabobank.

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