After banking on the cola as the main driver of its growth in India for two decades, PepsiCo is changing focus to push more healthy foods in the market, chief amongst which is Quaker oats, its breakfast cereal product.
Concerns that an icy children’s treat being sold in Australia and New Zealand contains artificial colourings that are harmful to health have been dismissed by the region’s food safety regulator.
Health products, such as cordyceps and functional beverages have helped Nutrastar International Inc gain record revenues despite the current global financial turmoil.
Goodman Fielder has said that it is reviewing its operations in both Australia and New Zealand, and would consider putting some of its non-core businesses up for sale, even as it closes some plants.
US-based Kraft Foods Inc has said that it plans to become one of the top five food companies in India in the coming years, driven by rising spending power in the country.
Canadian krill oil supplier, Neptune, has teamed up with a local fishing company in a bid to tap into China’s fast growing and emerging omega-3 supplements market.
Leading cocoa manufacturer Barry Callebaut and exporter, P.T. Comextra Majora have teamed up on a new processing facility to satisfy the growing demand for cocoa products in the Asia Pacific region.
Bagrry’s India is looking to grab its bowl of the fast growing Indian breakfast cereal market on the back of new product innovations and a rapidly growing demand.
US food giant McCormick and Company has said that India will be its top priority market going into the next decade and it will invest heavily in it. The company recently formed a joint venture with Kohinoor Foods, a leading Indian basmati rice brand
