Japanese supplier Kewpie has seen more than 60 products launched in the country using its hyaluron ingredient Hyabest, with a raft of products touting its beauty or joint pain benefits for the ageing population in the wake of more relaxed regulations.
Supplement and functional food firms looking to enter the Japanese market with new products tailored for the ageing population must overcome high levels of brand loyalty to stand any chance of success, according to one expert.
APAC’s nutrition industry needs to do more to educate consumers that preventative approaches leading to healthy ageing must be adopted at a younger age.
Asia-Pacific forms the largest market followed by Europe
The global insulated packaging market saw a rapid growth from 2013, and is projected to grow at a CAGR of 5.12% from 2015 to 2020, to $14.2bn by 2020, according to market research company MarketsandMarkets (M&M).
Farmers must play a greater part in China’s development through better links between urban and rural areas, the country’s president has told the Communist Party’s policy chiefs.
Ingredients suppliers should target India’s sweet and savory snacks sector because it’s untapped and brimming with potential, says Euromonitor International.
Australia’s farm population remains “competitively young” compared to other developed economies, even as the number of younger farmers entering the agriculture sector continues to fall, a new report has found.
'It is difficult to find shoddy things in Japanese stores'
Japan offers packaging companies an opportunity to develop more attractive products, with the importance of aesthetics built into its culture, according to market research agency Canadean.
Alfa Laval announced it has secured a SEK 100m (€11m) contract to supply equipment to an Indian baby food company as demand for processed products continues to grow.
Wal-Mart China has confirmed that it is opening up its first store
in Shanghai. The store is due to open up next year and the company
has confirmed that recruitment of staff has begun, reports Simon
Pitman.
