ANZ review: The Top 10 most-read Oceania food and beverage stories from 2024
We bring you our top 10 most-viewed food and beverage stories from Australia and New Zealand throughout 2024.
This list features New Zealand trade opportunities after China tariff removals, FSANZ’s updated definition of ‘added sugar’, Fonterra’s Australia sale and many more.
Check out the link above to find out more.
Binggrae sets sights on Australia as key market for global expansion
South Korean dairy giant Binggrae seeks to increase its market share in Australia by entering major retail chains, on the back of a fruitful expansion into the US and Europe.
Due to its frequent feature in Korean dramas and variety shows, awareness and demand for Binggrae’s products have skyrocketed worldwide alongside the Hallyu wave.
Binggrae announced in November that Melona ice creams have been launched at Costco in Australia. At these stores, 24-pack bundles comprising eight bars of melon, mango, and coconut flavours each are available.
“We aim to establish Australia as a key hub for global market expansion and will focus on increasing our market share in the region,” the firm said.
a2 Milk taps on senior nutrition in a move to maximise China’s market potential
The a2 Milk Company is doubling down on its senior nutrition business in China as it explores different ways to maximise the market’s potential.
It plans to launch China label versions of its existing fortified adult milk powder products designed for supporting the immune system and bone, joint, and muscle health.
David Bortolussi, CEO and managing director of The a2 Milk Company, revealed the plans during a question and answer session with shareholders that took place after the company’s annual meeting on November 22.
He said that the high-priced fortified products have been performing well and were more profitable than the non-fortified basic milk products.
“So far, we have introduced our English label fortified products, one fortified with lactoferrin and one with fortigel, which are sort of targeting the adults and senior markets."
Luxury or complement? What does the future hold for APAC cultivated meat?
The cultivated meat and seafood sector in APAC has gone through various ups and downs in recent years – but now that the dust has settled, what does the industry truly see as the path forward?
Cultivated meat had a heyday just three to four years back when it was often declared the protein source of the future, and having the potential to feed millions across the globe, particularly the growing population in Asia Pacific where demand is expected to rise the most.
This saw venture capitalists and investors all over the world pouring in millions of dollars into various cultivated meat start-ups – but more recently, with the hype the sector has been faced with the unfortunate reality of much of these funds drying up, resulting in what many have called a funding winter.
In the wake of all of these developments, it has become clear that the route for cultivated meat to become the protein source of the future is not quite as clear cut as many once expected, and today’s views on where it will fit into the protein sector have altered significantly.
Start-ups focus: The Top 10 APAC food and beverage start-up stories from 2024
Australia and New Zealand feature strongly in this list, where FoodNavigator-Asia brings you the top 10 most-read start-up stories from the APAC food and beverage industry in 2024.
Highlights include Australia’s v2food and Magic Valley as well as New Zealand’s Everyday Weekend.
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