A new Nielsen study on shopper trends shows an increase in promotion-seeking as a result of inflationary concerns, providing opportunities for manufacturers to gain strong shopper and brand loyalty.
Bright Food’s acquisition of Manassen could be reassuring for consumers, according to an industry analyst, amid rumours that it is hoping to buy a 75% stake worth A$400m.
Australian food manufacturer Goodman Fielder Ltd is set to open a new dedicated gluten free bakery in Huntly, New Zealand next month in order to cater to the rising demand for such products there.
The rising economic prowess of India is expected to spur a huge change in how people consume milk in India, benefitting organised dairy companies present in the country.
US chocolate giant Hershey reported net income of $130.12m for the second quarter, with net income for the period up o $129.56m from $117.05m in the same quarter in 2010.
The Indian press is reporting that Danone is in “advanced talks” to buy the nutrition division of billion-dollar Indian pharma-focused firm, Wockhardt’s, for a price as high as €180m.
Local industry and government must cooperate to develop policies and regulations to ensure safe and sustainable nutraceutical products, Simon Pettman, executive director of the International Alliance of Dietary Supplement Associations (IADSA) has said.
Standard Chartered Private Equity (SCPE) has invested about US$56m in India-based bottler Varun Beverages Ltd, as a new market report hints at untapped potential in India's soft drinks market.
Volumes were boosted by continuing growth in emerging markets for SABMiller, who remained tight-lipped on its Fosters bid in its first quarter results.
The first organic dairy factory has opened in Lebanon, Romania’s market is growing at 20%+ and in India, forecasts are for quadruple growth by 2015 as developing economies embrace organic production of foodstuffs.
The food processing industry in India will be forced to adopt new technologies and improve their productivity if the foreign direct investment into multi-brand retail is allowed.
China and India are expected to lead a 30 per cent increase in global liquid dairy consumption over the current decade, according to new research from Tetra Pak.
Malaysia's Department of Islamic Development has approved halal certification for the Islamic Foundation Bangladesh, a move that opens up the Malaysia market to halal food makers from Bangladesh.
Nestlé has paid out bought €1.2bn for a majority stake in leading Chinese confectionery maker Hsu Fu Chi, with the Swiss group flagging up access to extensive production capabilities and a major distribution network as its wins.
Indian confectionery retail sales grew by seven per cent last year, boosted by “key indulgence categories” such as chocolate and functional gum, says Euromonitor.
New Zealand-based dairy giant Fonterra is now looking at expansion in India after a successful foray in China, including a recent bumper bond listing in Shanghai.
India-based rice exporter Kohinoor Foods Ltd has formed a joint venture with US-based spice maker McCormick for the marketing of basmati rice and other food products in India.
Mumbai-based food processor ADF Foods Ltd, which garners a majority of its sales revenue from overseas markets, is now looking to penetrate deeper into its home market of India.
Private equity firm Lazard Australia is in talks with potential strategic partners in Asia to sell a portion of its stake in Australian biscuit maker Unibic Pty Ltd, Unibic’s managing director Michael Quinn told Reuters last week.
DSM has signed a joint venture agreement with a Chinese biotechnology company that will give the Dutch ingredients supplier its first enzyme manufacturing plant in China.
Botanical extract manufacturer Chengdu Wagott is to open its second stevia facility in China, which it says will boost its Reb A capacity from 200 tons per year to 500 tons.
At Vitafoods Europe 2011, Jess Halliday caught up with event director Chris Lee to talk about the show’s ambitious expansion plans into Asia and South America.
CSM has opened a new facility for dry bakery mixes and mixes in China, which will allow it to step up capacity to meet demand from Asia and better serve local tastes.
Australian biotech firm Marinova has reported “exceptional” demand in the US and Asia for its fucoidans, bioactives from brown seaweed researchers believe could help to explain the health and longevity of the Japanese.
Danisco has announced the latest in a string of capacity upgrades at its cellulose gum facility in China, in response to increasing demand from the food and oral care industries.
The Indian confectionery market will see rapid growth over the next three years, according to the latest Datamonitor research, with an increasing premiumisation trend leading to a hike in chocolate purchases.
The market for the sweetener sucralose is poised for growth, with global production expected to top 15,000 tonnes by 2018, according to the world’s second largest sucralose producer.
The Asia Pacific high intensity sweetener market is bouncing back from the blow dealt by the financial crisis – but while new growth is on the cards, natural sweeteners like stevia are expected to challenge old favourites in the next five years, according...
An explosion in Fairtrade chocolate sales last year in Australia has seen it overtake coffee to become the biggest selling Fairtrade certified product in that market, said the organisation behind the standard.
Stevia supplier GLG Life Tech has said its business is likely to increase by 50 to 60 percent in 2011 compared to a year earlier, mainly due to increased demand in China.
International Flavors and Fragrances (IFF) has said it plans to invest $100m in two new flavor facilities in Asia over the next three years, responding to increasing demand from Asian food manufacturers.
Soy ingredients company Solae opened a food application centre in Shanghai yesterday, promising to cut product development times for Asia-Pacific customers.
Demand for convenience and ready-to-eat food in India will explode over the next five years as a major shift in food-purchasing habits by the growing numbers of middle-class city dwellers takes hold, according to new research.
Stevia supplier GLG Life Tech has entered into a joint venture with China Agriculture and Healthy Foods Company Limited (CAHFC) for the sale and distribution of stevia-sweetened foods and drinks, GLG has said.
France and India have hailed the “strategic importance” of the Asian country’s food processing and agricultural sectors as they unveiled plans to achieve bilateral trade reaching €12bn by 2012.
Rabobank has changed its view on the likely role of China and India in global dairy markets. It has abandoned the view that the countries will reach self-sufficiency soon and now predicts that they will call on the world market more frequently in the...
Recovery in the chocolate market is underway in the US, Brazil and China but Western Europe has been slow to rebound and Eastern Europe still shows negative growth rates, said Barry Callebaut as it released robust full year results for 2010.
Sensient Technologies has opened a new plant in Guangzhou, China, including offices and laboratories for the production of flavors, colors, fragrances, and pharmaceutical coatings, the company has said.
A scheme based on a computer-aided process simulation tool can optimise the cocoa manufacturing process in Malaysia and double output, claims new research.
The Indian confectionery market witnessed the launch of over 200 products in various categories last year, thus ranked, according to Datamonitor, in the top 20 in terms of global new product launches in 2009.
The Korean functional food market hinges on obtaining the nation’s precious ingredient claim approval, but breaking that barrier opens the floodgates to huge market potential, according to an industry expert.
