Business confidence is outweighing that of consumers in Australia, with rising household debt, more out-of-home dining and falling retailer margins having the potential to cause problems for the nation’s food manufacturers.
Reducing the amount of packaging can only improve gross margins to a certain extent, with most MNCs in India now turning their attention to achieving greater operational efficiency, according to a PepsiCo India packaging exec.
VeganEgg - a novel 100% plant-based whole egg replacer utilizing algae as its core ingredient - has taken off like a rocketship, says brand owner Follow Your Heart, which is ramping up production for a wider roll-out in 2016.
Wine Intelligence reports that 21% of regular wine drinkers in Japan enjoy trying new and different styles of wine on a regular basis compared to 15% two years ago, while the nation's wine fan's also enjoy the drink more often.
Chinese consumers who follow food and beverage brands on social media are likely to spend up to 160% more on their purchases each week, according to a study into the impact of “online brand storytelling” across the Asia-Pacific region.
Australian consumers have shown a strong willingness to pay more for eco-labelled vegetables, while indicating supermarkets should favour environmentally-responsible suppliers, according to new research.