Rising affluence is driving premiumisation and innovation in the meat sector in South East Asia (SEA), but there is still ample space for NPD, not least in the snacking category.
Beverage giant Asahi has seen a resurgence of consumer interest in beer in Japan, but believes that some challenges are upcoming for other segments including low-alcohol and non-alcoholic products.
Localisation strategies are crucial in order to achieve the ‘holy grail’ of food innovation in the Asia Pacific region, by combining health, taste and convenience, according to Olam outfit ofi.
Carlsberg Malaysia has retained a cautionary outlook for the company’s overall growth citing concerns over inflationary and taxation pressures, despite announcing year-on-year growth of over 200% in net profits in its Q3FY2022.
If you’re making cultivated meat in a bioreactor instead of a living, breathing animal, and you want to introduce it to consumers for the first time, what’s the best launch vehicle? A chicken nugget or fillet, a thin beef steak, a high-value item such...
Plant-based beverages must be able to still provide a creamy mouthfeel in order to successfully convert consumers over to healthier, low-sugar options for the long-term in Indonesia, especially when these are priced at a higher tier than traditional dairy...
The interest in cleaner and better-for-you snacks shown by big food and beverage brands, including Mondelez, Nestle and Vitasoy, is paving the way for a new specialised area of plant-based proteins to enter the market, namely the RuBisCo leaf protein.
Oatly has unveiled a cost-cutting plan after posting another disappointing set of results, with a $107.9m net loss on net revenues up 7% to $183m in the third quarter (+16.7% to $199.7m on a constant currency basis), with gross profit margins of just...
Plant-based foods and beverages co-manufacturer SunOpta continues to see strong growth across its plant-based milks portfolio especially in oatmilk, which is growing at more than twice the rate of the broader oatmilk segment.
Eating cultivated seafood will become a “more efficient” way to consume protein by slashing waste, while also removing fears over the intake of microplastics, according to Singapore-based firm Avant.
Hindustan Unilever Limited (HUL), the company’s India arm, has attributed its move to reduce tea prices to its successful ‘Winning in Many Indias’ business model as well as a rare drop in commodity pricing for tea.
Chinese dairy giant Yili has highlighted the vital, science-backed role that dairy is playing in improving consumer nutrition and public health in the country, by combining both Eastern and Western technologies.
Japanese firm Kirin is expanding its presence in South East Asia with its flagship postbiotic ingredient, with collaborations with major dairy companies underway.
Offering plant-based meat in a wider range of formats and targeting new demographics such as toddlers is key to attract new and loyal consumers, according to Kerry.
Vietnam-based fruit multinational Les Vergers du Mekong is banking on its centralised production location and fresh fruit-only guarantee to expand its presence in retail markets across Asia, on the back of a successful leap from HORECA to modern trade...
Nestle Malaysia saw its profits for the third quarter take a hit year-on-year due to rising commodity costs and poor exchange rates, with firm predicting that this challenging situation will not abate any time soon.
FrieslandCampina said its 2’-fucosyllactose trademarked Aequival has been approved by Australia’s and New Zealand’s authorities for use in infant milk formula, and that it is on track in expanding its human milk oligosaccharide (HMO) portfolio.
Ensuring that brand focus is maintained after joining a larger company is crucial to sustain and boost growth, according to sugar replacement start-up Swiftlet which has become part of Vietnamese conglomerate Senix Health Group.
ProPhase Labs, a genomics testing firm and dietary supplement marketer, has signed an agreement with an Abu Dhabi-based artificial intelligence firm to expand its genomic testing capabilities.
The Quaker Oats, Frito-Lay and Pringles maker has launched a series of videos showcasing how it is working with farmers in Thailand, Greece, India and Brazil to help them adapt to climate change.
Taiwan's psychobiotic specialist Bened Biomedical has conducted a soft launch of its first set of finished consumer products sold under the same brand name in a bid to conquer the global markets.
Recent changes in Thailand’s sustainability-linked financing rules are set to deliver a boost to the ‘Blue Finance’ sector, which is good news for firms dabbling in this area such as seafood heavyweight Thai Union.
Beverage giant Suntory believes that a focus on ‘forward-looking’ sugar reduction will remain crucial for firms to overcome the risk of sugar taxes and achieve significant, long-term growth in the region over the coming few years.
ASEAN snacks from Lecka, Asian cultivated fish by Bluu Seafood, Thai-focused plant-based meat by Let's Plant Meat and more feature in this edition of Start-up Spotlight.
The winner of NutraIngredients-Asia Awards 2022 Start-Up prize believes its flagship product – a prebiotic fructo-oligosaccharides juice extracted from yacon – could follow in the footsteps of Manuka Honey and become New Zealand’s next big exports success.
Johnnie Walker believes that post-COVID-19 innovation within the alcohol industry now needs to move beyond flavour variation and to focus more on digitalisation, globalisation and sustainability aspects to satisfy consumer demands.
Thailand’s Chiangmai Bioveggie is focusing on exports for its single-ingredients frozen lime juice product, banking on the culinary heritage of limes in many Asian and Middle East markets, coupled with shelf-life benefits, for success.
Australia’s So Soda is hoping for success amid the thriving non-alcoholic beverages category by focusing on flavourful and sophisticated drinks that don’t seek to replicate existing booze products.
Malaysian plant-based protein firm the Ultimeat Group plans to tailor its formulation and packaging to every market it intends to enter from 2023 to 2024.
Bubs Australia is hoping to expand its presence in China via the general trade route through the introduction of its first China-label goat milk infant formula.
Nestle India has highlighted the incorporation of traditional ingredients into children’s foods as a key strategy to boost parent confidence in a product’s nutritional benefits, on the back of its latest ragi-based cereal launch.
There is just one week until our in-person Growth Asia Summit takes place in Singapore, but there is still time for you to snap up some of the last remaining delegate tickets!
The Chinese packaged food sector is set to experience market growth at a CAGR of 5.6% from 2021 to 2026, especially for snacks, savouries, dairy and beverages.
Gencor Pacific is eyeing new product development opportunities aimed at improving the quality of life in individuals who experience the lingering effects of COVID-19 infection, following new trial findings on one of its trademarked ingredients.
India’s edible oils and food giant B. L. Agro Industries is gearing up for a rapid increase in production as it seeks to cement its position in the domestic market.
Japanese food giant Ajinomoto has highlighted alternative proteins and frozen foods as two of the firm’s key growth strategies, in its first public report issued since its new leadership took over office earlier this year.
A New Zealand probiotic company is aiming to broaden the health claims applicable for its flagship probiotic strain BLIS K12 in the area of upper respiratory health, following favourable findings published recently.
Food technology company Aliga Microalgae progresses its plans to scale the microalgae ingredient, chlorella, as an alternative protein after buying an existing production facility in Holland.
Increased consumer demand for premiumisation and alternative protein products, as well as inflation-driven price hikes, are driving the need for technology such as Artificial Intelligence (AI) in traditional ‘commodities’ that have so far not been exposed...
China dairy giant Yili has registered record growth and increased market share in its recently-released H1FY2022 financial report, and has attributed this success to the sales of its value-added dairy products as well as its efforts in rapid new product...
Ensuring the affordability and versatile functionality of products is key to attracting and retaining consumer loyalty when attempting to launch and grow any new category in the protein sector, according to Tyson’s APAC VP.
Disease outbreaks, such as swine flu affecting pork quality and the COVID-19 pandemic hitting supply chains, have raised the profile of plant-based products among lower-income consumers in Thailand, according to a brand CEO.
