Greek-US producer Laconiko is weighing up expansion plans in Asia, believing there is an opportunity to incorporate regional flavours into its premium olive oil and balsamic products.
Cup noodle giant Nissin aims to expand its business in Asia (excluding China) by over three times to US$ 213mn (JPY 24.1bn) in FY 2021 by focusing on a variety of areas including product development and premium branding.
Sapporo has designated Anheuser-Busch InBev (AB InBev) as the master distributor of its Sapporo Premium Beer in China, with its eye on the premium booze market.
Singapore consumers’ insatiable demand for all things Japanese has been acknowledged by convenience retailer 7-eleven Singapore, which is launching 13 premium snacks from the country.
Singapore’s premium wine sector shows plenty of promise, with a growing economy and increasingly affluent consumers searching for quality products, according to data and analytics company GlobalData.