Ingredients company Danisco is responding to growing markets in
India with the opening of two new manufacturing units focusing on
functional systems and enzymes.
Only one year after moving into Taiwan, US bakery firm Dunkin'
Donuts plans to open 100 new shops in Shanghai and the surrounding
provinces over the next ten years, the company announced last week.
Institut Rosell-Lallemand has teamed up with Ranbaxy and Aristo
Pharmaceuticals to distribute supplements based on a probiotic
bacteria, which will see it become available in the massive Indian
market for Irritable Bowel Syndrome.
Coca-Cola Amatil (CCA), a major soft drinks producer in Australia
and Asia, has acquired the country's Bluetongue brewery brand to
extend its premium beer focus in a bid to further diversify its
revenue stream.
Carlsberg will strengthen its position in Vietnam's burgeoning
economy with its new brewery built in association with a
domestic partner, the company announced this morning.
New Zealand today launched a major initiative to boost its food and
beverage exports, including NZ$19m earmarked for new market
development and a roadmap for innovations.
Energy drinks giant Red Bull may need to reconsider its expansion
plans for the Asia Pacific region if it is to capitalise on massive
potential in the area for energy drinks, says a new report by
Euromonitor.
A possible move by the Chinese government to repeal tax incentives
for foreign investors could prove a massive setback to the
country's food industry, warns an expert on Asian affairs.
Dutch infant nutrition group Numico is to increase its stake in
Indonesian company Sari Husada to capitalise on major growth in the
country for nutrition and health products.
Coca-Cola's Australasian bottler may offload its operations in
Korea, as it reviews its operations in the country amidst declining
sales of its brands, due to consumer health concerns.
Asia Pacific Breweries posted a 7.3 per cent rise in organic growth
through its first quarter results, as it increases its presence in
the region to meet growing demand for its products.
Unilever, the world's second largest food company, is to increase
its focus on its Chinese operations to allow the country to meet
its potential as a market leader in the Asia Pacific food industry.
China has consolidated its position as one of the world's leading
tea producers as export demand continues to drive growth in the
sector, according to figures by China's chamber of commerce for the
import and export of foodstuffs...
China is one of five nations worldwide set to drive massive growth
of in the carbonated drinks market by 2011, according to a new
report by consumer analyst Euromonitor.
China, South America and Europe combined to offset disappointing
performances in North America and South Africa during brewer
SABMiller's third quarter.
Globalisation is creating a challenging environment for Australia's
food industry but has also opened up new markets with strong
potential, finds a new report.
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.
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.
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.
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.
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.
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.
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...
