Kao Corporation has entered into an agreement with Kirin Beverage Company Limited for the transfer of Healthya, a functional tea-catechin beverage brand, to focus its resources on other business areas to achieve its targets for FY2027.
Global food and beverage giant Nestle has its eye on expanding its premium and healthy ageing product portfolios as it seeks to return to ‘normalised’ growth.
Thai beverage firm Dutch Mill is renewing its focus on its Arabus coffee range, having launched a wide variety of ready-to-drink products aimed to provide convenient yet affordable coffee options for consumers in the region.
Dubai-based Wise Monkey Rum is actively expanding into new markets across the globe through both retail and on-trade channels, as it seeks to fill the gap in the mid-range rum category.
Dubai-based frozen desserts brand House of Pops has identified three key drivers to propel its next stage of growth, namely expansion of product line-up, increasing market presence, and offering of private label services.
Japanese beer giant Asahi believes that beverage packaging needs to move beyond being eye-catching and incorporate elements of ‘relatability’ and digitalisation truly make a mark with Asian consumers.
Japanese food and beverage giant Kirin Holdings has announced that it is implementing a fourth round of price hikes within the past 12 months in order to cope with current ‘difficult’ conditions, including production cost increases.
The APAC tea sector need to focus on functionality and format innovation and not just increasing blend varieties if it is to enjoy sustained growth, according to Sri Lanka and Europe-based tea specialist English Tea Shop.
Confectionary giant Mondelez believes that inflation affecting cocoa and sugar, as well as ongoing political tensions in the Middle East are major challenges that it will need to overcome this year, despite having announced ‘record’ profits fror 2023.
Convenience chain 7-Eleven Singapore has included local dietary supplement brand Ocean Health’s products, including gummies and fast melt powder, into its offerings.
Japanese beer giant Asahi is hopeful that its recently-completed large-scale group restructuring strategy to establish individual regional headquarters will maximise its competitive advantages across its four major markets.
Kirin has reported strong revenue growth for its non-alcoholic beverage business, driven by demand for health functional drinks and especially those in small-volume PET bottles, the company said in its FY2023 financial results.
Beer giant Carlsberg Malaysia has renewed its commitment to investing into both its premium products strategy as well as e-commerce presence, despite seeing poorer year-on-year performances on both fronts in the last year.
China-based Evergreen Food has developed a huge portfolio of convenience-focused ready-to-use seafood products in a bid to expedite exports of local seafood dishes that would usually be too complicated to prepare without expertise.
Sri Lankan and UK beverage firm English Tea Shop has utilised its expertise in cold brew tea production for a gin botanicals range designed to make at-home cocktail preparation more convenient.
Hindustan Unilever India (HUL) has highlighted a continued focus on its premium strategy in order to sustain continued growth in the country, citing products such as Horlicks Plus as a major example.
Thailand’s Tawandang Distillery believes that the use of scorched jasmine rice in its liquor products, and what it claims to be the ‘most-advanced’ distillery in the region will give it a competitive edge.
Ingredients firm Kalsec Inc. shortens its supply chain and diversifies raw materials sourcing via its new Finishing and Distribution Centre in Singapore.
Thailand’s JD Food believes that coconut clusters are the snacking industry’s answer to demands for a perfect combination of healthy and affordability, having launched a dedicated brand to cater to consumer demand.
The ingredients division of the Dutch dairy co-op said its 2’-fucosyllactose ingredient has been approved for use in both infant formulas as well as young children products.
Indian startup Salud Beverages is expanding its range of ready-to-drink alcoholic drinks, while also branching out into a fashion line, music playlists, and a collection of NFTs, as it seeks to appeal to consumers new to the market.
Saudi food manufacturing major Saudia Dairy and Foodstuff Company (SADAFCO) seeks to raise operational and supply chain efficiencies through its newly built depot in Makkah, amid rising demand from neighbouring markets.
Nestle Singapore and upcycling specialist firm KosmodeHealth are looking at new product innovations with valorised ingredients in an effort to move forward with their award-winning upcycling collaboration.
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Insect foods start-up Plento is set to launch its range of baked crisps containing pea protein and cricket flour, which the firm claims counteract nutrient limitations of snacks made solely from plant-based protein, in South Korea this February.
India’s Hemp Horizons believes that a innovation approach combining the nutrition of hemp seeds with the wellness benefits of Ayurveda could hold the key to the sector appealing to a larger consumer base.
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Brands in South Korea have been compelled to submit product nutritional information, which the government has used to update its national food database for processed goods.
Snacking giant Mondelez says that digital channels are increasingly driving in-store purchasing decisions in Asia, meaning an understanding of the online-offline mix is crucial to boost sales.
Nestle Vietnam is banking on the rising demand for convenient beverage options in the country to drive the growth of its newest Nescafe format innovation, a ready-to-serve liquid concentrate.
Thai natural fruit juice specialist Manee Manao is banking on the ongoing watermelon smoothie craze dubbed ‘tangmo-pun’ in South Korea to boost the success of its new frozen watermelon puree export business.
Amway’s supplements brand Nutrilite has named regenerative agriculture as a key focus area to maintain a steady provision of botanicals for its products.
Australian cultivated meat firm Magic Valley has detailed its production and partnership objectives for 2024 as it seeks to get products in front of consumers in 2025.
Australian infant and adult milk formula firm Nutura Organic will be making its debut in Thailand through a distribution deal with major Thai food producer CP Foods.
Singapore-based OATSIDE has recently expanded its product line-up to include a range of ice creams as part of its growth strategy, on the back of burgeoning popularity of its oat milk products across Asia.
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Singapore-based plant-based brand Thoughtful Food has launched a range of cleaner label, ready-to-eat (RTE) meals in anticipation of its ambitions to start exports across the region and globally.
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Nestle’s star coffee brand Nescafe believes that its keystone soluble coffee products continue to play a crucial role in recruiting and converting consumers in the Asia Pacific region to enter the wider category.
New liquid sweetener brand Zerup believes its products will open new avenues for more beverages in Singapore to go zero-sugar with no compromise on taste, helping firms to comply with the local Nutri-Grade requirements more easily.
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Japanese beverage giant Suntory expects a “slight demand fluctuation” for its products in light of price increases from April 2024, but does not anticipate a major impact on sales.
Singapore-based plant-based products firm Thoughtful Food believes that the sector needs to look more closely at dry and ambient innovation as a key driver, particularly for brands seeking to solve ultra-processing challenges or go more clean label.
Middle Eastern giant Baladna is refocusing investments into projects targeting food security in more overseas markets as well as its new cheese production operation, marking a strategic shift despite positive financial results for FY2023 to date.
Beverage heavyweight Kirin Holdings has outlined plans to implement ‘aggressive measures’ across beer and sugar-free innovation, to recover from the negative impact of cost increases.