IFF wants to accelerate speed to market for food manufacturers in the Middle East and Africa, after its Creation and Design Center in Turkey was officially recognised as a key innovation centre by the country’s Ministry of Industry and Technology (MoIT).
South Korean food giant CJ CheilJedang is accelerating the expansion of its Oceania and European business led by its “bibigo K-food strategy”, following a surge in sales and positive consumer reception.
China energy drink heavyweight EastRoc is moving to a multi-beverage portfolio, hoping to establish itself as a leader in the wider beverage industry and not just the energy category.
Danone is introducing its growing up milk for children born via caesarean section (C-section) into more South East Asian countries, with the latest launch happening in Malaysia.
Global gummies specialist firm Haribo believes that a combined focus on sour flavours and variety packs will be its route to attracting more teenage and young adult consumers to the brand in the APAC region.
Middle East food and beverage giant Agthia has reaped the rewards of solid investments into new product innovation with significant volume-led growth in the first half of 2024, and hopes to further boost this with its newly opened protein facility.
South Korean food giant Nongshim remains optimistic for the prospects of its plant-based meat alternative brand Veggie Garden, believing that the sector still has a bright future in the South East Asian region and especially Thailand.
Thai juice heavyweight TipCo has cited the growth of wellness trends in the region as the main catalyst behind its recent beverage innovations and category investment decisions.
Japanese beverage major Kirin Group has seen its launch of a new beer brand as well as investments into functional beverage innovation and overseas whiskey expansion bear fruit in the first quarter of 2024.
The MD of prosecco specialist firm Bottega has highlighted the company’s plans to increase supply and marketing spend to boost its position in the Asian region, predicting that this is likely to become its biggest market in the near future.
Qatari dairy firm Baladna has announced plans to double down on its new product innovation and international market expansion strategy, particularly in Algeria, after seeing a record growth in net profits over the first six months of 2024.
Morinaga Milk Industry has launched a series of functional foods across yogurt, sachet powder, milk formula, and fermented drinks to support the nutritional needs of Japan’s rapidly ageing population.
Singapore-based Jääde is actively strengthening its presence in the local market for its packaged Finnish spring water, while working to expand across the region in the long run.
Thai seafood giant Thai Union has highlighted its ambient product business as the main sales growth booster for the company in the first half of 2024, further supplemented by rising tuna prices and its rapidly-growing value-added product category.
Singapore-based Hey! Chips says that its switch in business strategy from overseas expansion to building presence in the local market has enabled it to gain a foothold in the healthy snacking category and a spurt in brand awareness.
Craft beer firm Lion Brewery has described Singapore as one of the most vibrant and important craft beer markets in the region driven by strong consumer demand, despite facing significant ‘anti-competitive’ challenges to entry and growth.
Experts at the Nestle Health Sciences Institute believe that it is critical to develop personalised health strategies and products targeted to each life stage in order to ensure the best possible healthy ageing outcomes in Asia.
Coca-Cola Europacific (CCEP) has seen its newest acquisition of Coca-Cola Philippines pay off with strong sales contributing to significant APAC growth in the first half of the year.
Singapore-headquartered OATSIDE attributes its meteoric rise in Asia to a marketing strategy encompassing targeted campaigns and strategic partnerships, and constant innovation of flavours to satisfy myriad consumer preferences.
Hindustan Unilever India (HUL) has highlighted the strong potential of its premium coffee and tea businesses to lead growth in the shorter term, amidst a flat performance by its Health Food Drinks (HFD) portfolio in the last quarter.
Premium chocolatier brand Guylian has widened its pricing strategy in Asia to include smaller, more affordable packs in order to increase accessibility and target a new consumer base.
Singapore-based Flojo believes that it has found a sweet spot in Asia's beverage market with an AI-powered ‘productivity drink’ targeting consumers who regularly use a lot of brain power.
China dairy giant Yili has ventured into the ready-to-drink (RTD) tea segment with an entirely new product concept dubbed the ‘instant brewed tea’ under its INIKIN brand as it looks to capture a new base of local consumers.
Japan beverage giant Asahi has seen significant growth in its RTD alcoholic beverages category as well as the South East Asian market as major contributors to profitability over the past six months, despite negative impacts from Oceania sales.
Spain-headquartered edible oils firm Aceites Naturales Del Sur (ANDS) is looking to set foot into China, where avocado oil is gaining interest from the younger population despite a lack of product awareness and availability in the market.
Chinese snacking heavyweight Three Squirrels says constant innovation is required to retain consumer interest, with the firm doubling-down on domestic growth ambitions in the country's buoyant sector.
Danone is doubling down on its specialised nutrition offerings, including infant formula and Foods for Special Medical Purposes (FSMP) for China, a market which it said has delivered “stellar performance” for the first half of 2024.
Vietnam-based Duy Anh believes its new vermicelli range utilising beans as the key ingredient can help to elevate these to become ingrained as a healthy staple food item.
Thai natural energy drink brand Hippo Energy Drink has revealed that sugar reduction in beverages is not a major priority for most consumers in the Cambodia, Laos, Myanmar and Vietnam (CLMV) markets despite an ongoing trend for this in the rest of the...
Global food and beverage giant Nestle has highlighted its coffee business as a major 2024 growth driver amid positive results from its international non-price driven growth strategy.
Morinaga Milk Industry zeroed in on the weight management efficacies of Bifidobacterium breve B-3 (B. breve B-3) probiotic strain, and its potential for preventing age-related metabolic issues, at the Growth Asia Summit 2024.
Thai seaweed snack heavyweight Taokaenoi believes that its strategy of developing a broad portfolio as well as prioritising localised innovation has been crucial to its international success.
Australian spirits distillery Starward has launched a range of whiskies with brightly-coloured packaging to distinguish its ‘modern’ products from traditional scotch and carve out a place for itself in the liquor market.
Nestle China is expanding its range of products containing white mulberry leaf extract clinically shown to reduce postprandial blood sugar increase, with its latest launch a no-sugar Oolong tea.
Middle East F&B firm Agthia will shift its strategy beyond a focus on the United Arab Emirates to firmly establish itself as a leader in markets in the wider MENA region and beyond by 2025.
Dubai-based healthy snack brand Freakin’ Healthy is leveraging Agthia Group’s resources and doubling down on consumer-driven product innovation to stand out in an increasingly crowded category.
Ritter Sport has zoomed in on APAC consumer preferences for its fruity yoghurt flavours as well as demand aligned with cultural festivities to create newseveral product lines.
Tempeh chips brand Mamame has highlighted the multiple nutritional benefits of black-eyed beans as a key factor behind its success in the APAC healthy snacking sector, fuelling its upcoming growth into the UK and US markets as well.
Chinese firm GanoHerb has identified untapped opportunities in the Middle Eastern market, where awareness and availability of ganoderma products are relatively scant.
Samyang, CJ Cheiljedang, GS25 and more large South Korean corporations have joined a government initiative to boost SME food exports and distribution channels.
Campari China has embarked on a collaborative mission with baijiu giant Wuliangye to make the traditional liquor an international beverage by creating the ‘wugroni’ cocktail, hoping to emulate tequila’s success with the margarita and Tequila Sunrise.
South Korea’s OEM manufacturer Kolmar BNH is wooing the China market with herbal formulations, as it believes that the concept of 'foods as medicines' is seeing a revival in the country.
Prosecco heavyweight Bottega believes it has found its next major avenue of business growth in the lemon spritz category, claiming it is witness immense demand in APAC.
Japanese tea company ITO EN is gearing up to set foot into the Indian market for the first time with its flagship ready-to-drink green tea brand Oi Ocha.
Singapore start-up Nyva is aiming to broaden sales channels of its AlcoBlock anti-hangover gummies, including convenience stores, while setting sights on expansion to markets like the US and Australia.
Thailand instant noodle giant MAMA is setting its sights on export market consumers with its new Thai ConNext range, which focuses on fusing ‘very Thai’ flavours with a premium positioning.
CJ CheilJedang’s food brand bibigo recently introduced its frozen rice rolls in supermarket chain Woolworths in Australia, a market where the firm is reaping significant sales growth.
