ASEAN Focus: Thai Union, Carlsberg Malaysia, and Yeo’s

ASEAN Focus
ASEAN Focus (Image: Getty Images)

Thai Union, Carlsberg Malaysia, Yeo’s and more feature in this edition of ASEAN Focus

Thai Union’s i-Tail eyes 2026 growth in pet treats and US pet food

Thai Union is looking to grow pet food arm i-Tail in a big way, pushing to strengthen its position in global pet nutrition

Thai Union may be best known globally for its seafood products, especially canned tuna, via brands such as Chicken of the Sea, John West, Petit Navire, King Oscar and SEALECT — but in recent years, it has also increasingly gained visibility for its pet food brands under the i-Tail business unit.

i-Tail manages several well-known pet food brands both in Asia and the United States, with the most prominent in Asia being Bellotta and Marvo in Asia; and Calico Bay and Paramount in the United States.

The firm recently announced its FY2025 full year-financial results, reporting a 9.2% year-on-year growth in sales to US$554m despite a -3.0% drop in net profits, reported as THB793m (US$25m).

Carlsberg Malaysia’s portfolio-wide revenue hit signals continued uncertainty

Carlsberg Malaysia has reported a revenue drop across almost its entire portfolio of drinks, even though the brewery posted record-high profits amid challenging market conditions

The brewery recently announced its FY2025 full-year financial results, reporting an overall -4.9% year-on-year drop in revenue to RM2.3bn (US$584m) despite a respectable 11.4% year-on-year growth in net profit to RM375.6m (US$95.4m).

The drop in revenue was largely due to a decline in Singapore which saw a -10.2% drop in sales year-on-year to RM560.4m (US$142.3m) compared to a -3.0% decline in Malaysia sales to RM1.7bn (US$431.6m).

Yeo’s targets smaller packs, global export markets to drive growth

Food and beverage major Yeo’s is eyeing expanded growth via a focus on smaller pack sizes and a stronger global export push across the US and Europe

Yeo Hiap Seng (Yeo’s) recently announced its FY2025 full-year financial results, reporting a -11% year-on-year decline in revenue to S$292.4m (US$230m) and a -15.5% year-on-year drop in gross profits to S$92.1m (US$72.4m).

This was attributed to weaker consumer spending and intensified competition across many of its key markets, as well as an uncertain macro environment.

That said, the firm managed to record strong net profit growth year-on-year due to factors not related to its core beverage business performance, namely a 50-year land lease extension for its Guangzhou property until 2075.

Indonesia to standardise non halal food labels with new regulations

New non halal labelling standards in Indonesia aim to streamline compliance in food firms and provide clearer information for consumers

Indonesian consumers were shaken last year after government spot-checks revealed that multiple confectionery products being sold on shelves contained pork, despite all such products already being subject to the country’s mandatory halal certification law since October 2024.

In a move to better clarify and standardise the implications of improper food labelling, the local Halal Product Assurance Organising Agency (BPJPH) is now moving to introduce a new set of draft regulations specifically for non-halal (also known as haram) food labels.

Asia sustainability report: Protein sources, food safety gaps strain progress

Asia’s food industry is battling various hurdles threatening the rapid progress of sustainability agendas, with protein diversification and food safety emerging as major issues

With sustainability and ESG initiatives shaping the narrative for many food and beverage companies in Asia, progress in this space is moving more quickly than ever before in the region.

That said, a new report released by Asia Research and Engagement (ARE) in February 2026 assessing sustainable sourcing in the food industry has found that this progress is moving forward in a skewed manner, with some areas gaining much more attention than others.