PepsiCo India is looking to double its local snacks business by 2022, based on an all-round local focus spanning people, ingredients, manufacturing, along with investment of some INR5.14bn (US$71mn).
French organic snack company, Good Gout is expanding quickly into China’s US$14 billion children snack market through e-commerce platforms, and plans to enter Hong Kong and Singapore in September.
Danone Nutricia has plans to develop a full sheep milk infant formula range next year, following the recent launch of Karicare sheep milk for toddler, a new product made with 100% New Zealand sheep milk.
Malaysian-based biotechnology firm NLYTech has launched irice-based straws, claiming that these bring much better benefits in terms of cost, biodegradability and durability.
Indian cold-extracted juice company Second Nature is looking to conquer the local market using its unique juice extraction technique, which it claims is ‘one step better’ than the more common cold-pressed varieties.
Coca-Cola Japan has set its sights on the local ‘relaxation drink’ market with a recent investment in newly-established beverage company Endian and its unique hemp-containing drink Chill Out.
Swire Coca-Cola, bottling partner of Coca-Cola, is setting up its China regional headquarters in Shanghai to capitalise on the mainland’s beverage growth potential, a representative from the company told FoodNavigator-Asia.
Singapore-based premium gourmet coffee specialist Boncafe has its eye on the China and Middle East coffee markets, banking on an increased focus on its Ready-To-Drink (RTD) products in line with current trends.
Plant-based seafood firm Sophie’s Kitchen is now producing food-grade protein from microalgae, with firm confident it can become a long-term and more sustainable solution to animal and traditional plant-based proteins.
Coca-Cola Hong Kong has launched a new energy drink specifically targeting younger consumers with a tendency towards multitasking, deemed the ‘slasher’ generation.
China’s e-commerce giant JD.com is using its consumer insights to work with Nestle to tailor their crispy wafer bar (Cui Cui Sha) for the domestic market.
Japanese F&B giant Suntory has recently revealed its performance in the South East Asian to be stronger than other foreign markets, but also expressed caution over continued growth in the region due to sugar tax implementations.
