The Asia Pacific region has come out on top in terms of expected growth for multiple food and beverage markets globally, and is expected to become the biggest F&B region for consumption worldwide by 2030, according to a new report.
The APAC region is seeing growth in health and wellness awareness, influencing spirits purchasing behavior. About 52% of consumers are now looking for options that ‘align with their health and wellbeing.’
China is set to become one of the most attractive cereals and bakery markets worldwide, with the bakery sector reaching $47bn by 2020 as more people chose to eat snacks on the go.
The eight finalists for the Future Food Asia Award have been announced, with the winner of the US$ 100,000 grant set to be announced in Singapore this week.
Despite Asia Pacific being a region with high incidence of cardiovascular diseases (CVDs), sales of cardiovascular health positioned foods and beverages are not high, writes Maria Mascaraque from Euromonitor International.
The functional food ingredients market in Asia Pacific is being tipped to rise from $2.85bn at the end of 2016 to $5.04bn in 2026 with probiotics projected to be the fastest growing segment over the forecast period
Mondelēz International has named the managing director for its India business months after inaugurating a chocolate plant in Andhra Pradesh that will be its largest Asia Pacific plant.
The chocolate market in Asia Pacific is expected to grow around 2% faster than Europe and North America up to 2019, according to a Transparency Market Research’s (TMR) report.
Diageo says it see a massive opportunity for international spirits in the Asia Pacific and claims its scale lends it a significant competitive advantage in the region.
THE BIG INTERVIEW: KELLOGG ASIA PACIFIC PRESIDENT – PART II
Pringles brand awareness is varied across Asia Pacific but commercial innovations like seasonal marketing and in-store promotions should deepen traction, Kellogg’s Asia Pacific president says.
THE BIG INTERVIEW: KELLOGG ASIA PACIFIC PRESIDENT – PART I
Kellogg is in a position to drive, shape and ultimately create a cereal category in Asia Pacific, and that’s exactly what it plans on doing, its regional president says.
The leading source of news for the food and beverage industry in Europe and North America has now expanded to Asia, drawing on the knowledge and expertise of experienced local journalists.
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.
