Rapid development underpinned by large population bases in China, India, Indonesia and Korea is driving fast growth of soy foods in Asia Pacific, with an overall surge pegged at CAGR 6.4% for the region, according to a report.
Sales of probiotic drinking yoghurts like Yakult and Danone Actimel are flatlining or dropping in most western European markets, and even in Japan where the concept was born, but BRIC markets are surging, and spoonables are shining brighter.
Asia Pacific will see a 9% CAGR in its emulsifier market until 2017, fuelled by China, driven by a sustained demand for natural emulsifiers and low-fat foods in a burgeoning processed foods segment, according to a report.
Rampant acquisitionist Naturex will make 3-4 European and North American acquisitions in 2012, once it completes a deal with an unnamed Asian supplier by the end of March, CEO, president and founder, Jacques Dikansky has told this publication.
A strong Chinese investment in the Australian wine company Ferngrove has enabled it to expand its premium bottled wine business and successfully enter and market to China, according to the firm’s managing director.
Unregulated insecticide marketing in Asia is driving overuse and misuse by farmers leading to widespread pest infestations and damaging millions of tonnes of rice each year, according to industry experts.
Bright Food Group has finalised its A$530m acquisition of a 75% equity stake in Australia’s Manassen Foods and opened an office in Sydney, marking the biggest overseas procurement for the Chinese food giant since its establishment in 2006.