China's food industry has grown a further 23 per cent during the
first ten months of the year, helped by a buoyant economy and
supportive government policies.
Vietnam's first industrial park catering solely to food processors
is set to boost the country's position in value-added products for
export markets, says the project's founder.
VV Group, China's leading soymilk producer, has bought a stake in
an alcohol maker as it looks for more profitable business to
counter falling soymilk sales.
Chocolate giant Cadbury will spend NZ$20 million (€10.3m) to expand
production of chocolate crumb in New Zealand, allowing it to meet
forecast growth in demand from the Asia-Pacific region, it
announced yesterday.
Three Malaysian oil plantation firms are to merge to create the
world's largest listed palm oil producer, accounting for 6 per cent
of global production, revealed adviser CIMB Investment Bank
yesterday.
China's corn sweetener producers are embarking on a new stage of
growth, with a recent upsurge in capital investment allowing them
to offer significant volumes of value-added products.
New consumers of dairy products in the Middle East are taking a
greater share of New Zealand exports, and will continue to be one
of its major growth markets, predicts a new report.
Chinese meat processor Zhongpin has signed an agreement to lease a
production facility in Heilongjiang province, significantly
boosting its production capacity and expanding its presence in the
north-east.
Coffee culture is thriving in Hong Kong with close to one third of
residents now purchasing ready-to-drink coffee outside of the home,
according to a new survey.
Asian Citrus, the Chinese orange plantation owner, said its
full-year pretax profit rose 17 per cent, helped by new direct
supply contracts with supermarket chains in China.
Asia's elite are drinking more wine, champagne and imported beer as
their growing spending power makes them increasingly important for
the luxury goods industry.
Belgian lactic acid producer Galactic will double capacity at its
joint venture plant in China to meet rising demand for the additive
in food production.
Beverages with a healthy twist are booming within the Chinese
beverage market according to a report from global beverage research
specialists Canadean.
The rapid growth of China's fast food industry is boosting demand
for frozen French fries and other processed potato products,
helping to offset a downward trend in more mature markets due to
consumer health concerns, reveals...
If the Chinese government gives in to mounting international
pressure to revalue its currency, it could spell the end of cheap
exports, a move that many anticipate would have a knock-on effect
on raw materials costs for the food industry....
Cocoa bean producer Pan Sino International has announced plans to
build Singapore's largest cocoa processing plant, increasing cocoa
bean supply for manufacturers.
Sterling Biotech has emerged as the world's second largest gelatine
producer after making its first international foray to acquire the
gelatine manufacturing facility of Chinese firm China Gelatin.
China's biggest wine producer Changyu has set up an alliance with
Canadian ice wine maker Aolos to build what is expected to be the
largest ice wine estate in the world.
Thailand's food exports will increase significantly next year
thanks to improvements in product quality, as well as improving
economies in its main export markets, predicts the
government-backed National Food Institute (NFI).
Australian dairies will drum up A$15 million in funding over the
next three years to support a new innovation centre that will be
tasked with finding ways to better compete with a challenging
marketplace.
Wine consumption in South Korea is set to reach record levels this
year, as consumers learn of the grape beverage's health benefits,
suggests a new report.
Chinese confectionery firms are spotting the opportunities involved
in targeting the country's only-children, who are commanding an
increasing share of their parent's rising incomes.
Chinese brewers are looking to the World Cup and new marketing
strategies to help them boost beer consumption and absorb some of
the sector's substantial unused capacity.
Prima Agri-Products, one of Malaysia's largest manufacturers of
Halal meat products, has joined up with Australian heavyweight food
maker, Comgroup, to help it tap growing demand for its products in
new markets.
Thailand's brewer of Chang beer, Thai Beverage, raised S$1.37
billion (EUR677m) on Wednesday in an initial public offering in
Singapore, designed to help fund its expansion overseas.
The world's leading instant noodle maker Indofood said last week
that its first-quarter net profit rose 48 per cent from the prior
year's same period thanks to an increase in sales and
foreign-exchange gains.
Asia Pacific Breweries is making headway in its aim to become the
region's leading brewer, with its first acquisition in the world's
second most populous nation, India.
Philippines-based Universal Robina will spend P5.6 billion (€87m)
this year to expand its branded foods range and increase its
presence in other Asian markets, URC president Lance Gokongwei told
reporters last week.
Uni-President, Taiwan's biggest food group, is looking for private
equity to allow it to expand further in the Chinese beverage
sector, according to a report.
South Korean brewer Hite announced Friday it work with Jinro, the
country's leading distiller, to create the leading bottled water
brand on the national market.
PepsiCo has announced it will invest another $850m in China over
the next three years in recognition of the country as a rapidly
emerging market for soft drinks and snack foods.
The proportion of value-added food and beverage products exported
from New Zealand has continued to rise steadily against commodity
products, with the value-added sector enjoying growth of nearly 10
per cent in the past five years.
Consumption of vitamins and minerals in China is growing, thanks to
immense economic growth and the emergence of a new consumer
culture. There may be opportunities for foreign companies to export
to the country to make up for a shortfall...
Heineken last week announced its decision to acquire a 40 per cent
stake in the Chinese brewery Jiangsu DaFuHao, after intimating in
its February results that it would continue to look for investment
opportunities.
China is becoming an increasingly potent force in the worlds food
market, with sales continuing to grow each year in line with
substantial gains in consumer spending power, writes Chris
Jones.
The world's biggest food retail groups are continuing to strengthen
their positions in the massive Chinese market, buoyed by a recent
relaxation of the regulations requiring them to use local partners.
Carrefour and Wal-Mart...
Europe and the US continue to dominate demand in the €4.5 billion
flavours market, but Asia Pacific region is quickly catching up
thanks to high single-digit growth, reveal figures from a new
report.
With the market for canned food doubling in size in the course of
the last eight years, further growth is expected in line with the
rapidly expanding China economy in the coming years.
Latest research from market analyst Mintel shows that the Asia
Pacific rim is bursting with food and nutraceutical innovations
such as banana-flavoured mayonnaise and green tea cereal.
China's food industry grew by 26.2 per cent in the first six months
of this year. And despite rising power and ingredients prices, The
China National Food Industry Association says that continued
economic strength, backed by...
In Asia rising meat consumption is being fed by an increasing
number of highly refined and processed product launches. A look at
the Mintel's databases reveals that pâte, meat balls, cheese-filled
hotdogs are all on the menu.
