A new food firm – Dao Foods International – has been set up to launch plant-based protein and clean meat alternatives to the China market, on the back of the country’s soaring demand for meat products.
More working women, the increasing number of single-person households and a wave of new product innovation are driving sales growth in Japan’s ready meal market – but it’s still a sector that global brands are struggling to crack.
Domestic companies are continuing to dominate Japan’s packaged food market with four of the five largest brands all homegrown – but their low respective market share highlights the fragmented state of the sector.
Japan appears to have won the latest World Trade Organization (WTO) battle over South Korea's post-Fukushima disaster food import ban and restrictions, but the trade spat between the East Asian giants looks set to continue.
Chinese confectionery ingredient company Jiangsu Wuxi Taihu Cocoa Food Co is re-entering the finished chocolate products market, more than 10 years after selling that side of the business to Hershey's.