Thai-based spice and seasonings specialist firm Nithi Foods hopes to tap the dual rising consumer demand for authentic Asian flavours and at-home snacking to grow its new range Kitchen Kitchen.
Investment in technological and digital upgrades coupled with new product launches and sustainability advances have been underlined by Carlsberg Malaysia as it seeks to ‘future-proof’ its business.
South Korean tea brand Osulloc believes that the future of the tea category lies in blended teas that can bring out ‘optimal combinations’ of scent and flavour as opposed to traditional single-variety teas.
Singapore cultivated seafood firm Umami Bioworks believes that strategic mergers are crucial to overcome doubts about the sector and achieve buy-in from major brands which can help the category scale-up.
Kirin wine brand Mercian is partnering with Chilean wine giant Concha y Toro to launch a series of premium products including Japanese wines with a globalised flavour profile to improve its worldwide reach.
Korean health and beauty retailer CJ Olive Young is launching Health+, a wellness-focused feature within its mobile app, to strengthen product curation and offer customised recommendations.
China’s infant formula giant Feihe says group profit was down 33.5 per cent in FY23, as the country struggles with raising its birth rate despite introducing a three-child policy three years ago.
Elivity, a new longevity supplement brand, has made its debut in Singapore and it aims to move Asia’s understanding of the category beyond the use of nicotinamide mononucleotide (NMN).
Singapore-based Lion Brewery has launched its pioneering nitrogen-infused stout in a canned format to cater to easier at-home consumption, as it looks to give market leader Guinness a run for its money.
Japanese firm DyDo DRINCO recently released functional beverages targeted at skin-conscious female consumers, as well as beverages fortified with magnesium and vitamin D, nutrients that the firm says is lacking in the Japanese diet.
New Zealand dairy giant Fonterra has predicted a volatile year ahead despite stellar performances from its China business and consumer product portfolios in the first half of the year, especially with milk prices expected to rise in the next few months.
The campaign marks the first time Carlsberg will run a global campaign across all of its 120 markets: rolling out in Europe, the UK, Asia and South America throughout 2024 and into 2025.
Taiwan-based Blossom Tea has developed a range of granulated tea crystals which it believes will help it to tap on both convenience and health trends in markets across the Greater China region.
The APAC cheese sector is being driven by a generational shift in consumer demand for nutrition, affordability and convenience, all of which need to be met if the category is to fulfil its potential.
The crucial role that probiotics, prebiotics and postbiotics can play in improving health and driving industry growth opportunities will take centre stage at the Growth Asia Summit 2024.
Entries are rolling in for the NutraIngredients-Asia Awards 2024, designed to recognise the brightest and best ingredients, products and initiatives.
Story:
Beer drinkers in Asia are steadily following the European trend of increasingly seeking low-carbohydrate products, opening new opportunities for brands in the premium drinks segment.
The US is hoping to see a resurgence in beef exports to Japan on the back of a post-pandemic increase in tourism and new retail opportunities, after reporting a 23% drop in 2023 to shipments valued at $1.8bn.
Nestle has launched a new milk powder containing mulberry leaf extract, tryptophan, vitamin B, and minerals in China to support sleep quality in adults.
Carlsberg Malaysia is optimistic about its chances to conquer the country’s premium Japanese beer market this year with new partner brand Sapporo, with the latter formally replacing Asahi as the firm’s major premium Japanese offering since January 2024.
Global cheese giant Bel Group believes that innovation in APAC requires hyper-localised strategies to see success, due to a wide variation in consumption habits across the region.
Japanese dairy giant Meiji is set to release a new Foods with Function Claims (FFC) product that it says would support eye accommodation and improve sleep quality.
Singapore-based firm Prefer believes that its bean-free coffee alternative is ready for entry into the wider Asian market this year, banking on affordability, sustainability and customisation benefits to drive growth
Bayer’s nutritional business declined for the past year due to a weaker market environment in China and South East Asia, the company said in its FY23 financial results.
Coca-Cola Europacific Partners (CCEP) believes that a recent Philippines acquisition and portfolio realignment in Indonesia stand it in good stead to capitalise on future growth in Asia Pacific.
Singaporean surimi brand Dodo is looking to expand and diversify beyond its successful frozen foods business with the launch of its first surimi snacks range, which it believes has long-term mainstream potential.
Singapore-based beverage heavyweight Yeo Hiap Seng (Yeo’s) has predicted a challenging year ahead after reporting a near doubling in profits but a significant overall drop in revenue, citing ongoing inflation and soft consumer spending as key factors.
Haleon says that its vitamins minerals supplements (VMS) portfolio has gained shares in an overall declining market in FY23, led by growth in its core VMS brands Centrum, Caltrate, and Emergen-C, with the CEO saying that the firm is “optimistic” on the...
Australia’s plant-based pioneer v2food is aiming to strengthen its position in the category through the acquisition of ready meals brand Soulara, with portfolio expansion and broadening sales channels as growth drivers.
Nestle Malaysia believes that the strength of its core brands such as KitKat and Maggi, as well as the advantages of its large local production operations, will serve it well in overcoming current ‘subdued’ consumer sentiment in the country.
Indian dairy brand Epigamia believes that its new single-serve, ready-to-eat (RTE) desserts range will tap on rising local consumer demand for choice and individual preferences when it comes to sweet treats.
Increasing demand for heathier products coupled with manufacturing advances is giving pre-packaged avocado firm Freshcourt optimism to expand across Asia and the Middle East.
Kao Corporation has entered into an agreement with Kirin Beverage Company Limited for the transfer of Healthya, a functional tea-catechin beverage brand, to focus its resources on other business areas to achieve its targets for FY2027.
Global food and beverage giant Nestle has its eye on expanding its premium and healthy ageing product portfolios as it seeks to return to ‘normalised’ growth.
Thai beverage firm Dutch Mill is renewing its focus on its Arabus coffee range, having launched a wide variety of ready-to-drink products aimed to provide convenient yet affordable coffee options for consumers in the region.
Dubai-based Wise Monkey Rum is actively expanding into new markets across the globe through both retail and on-trade channels, as it seeks to fill the gap in the mid-range rum category.
Dubai-based frozen desserts brand House of Pops has identified three key drivers to propel its next stage of growth, namely expansion of product line-up, increasing market presence, and offering of private label services.
Japanese beer giant Asahi believes that beverage packaging needs to move beyond being eye-catching and incorporate elements of ‘relatability’ and digitalisation truly make a mark with Asian consumers.
Japanese food and beverage giant Kirin Holdings has announced that it is implementing a fourth round of price hikes within the past 12 months in order to cope with current ‘difficult’ conditions, including production cost increases.
The APAC tea sector need to focus on functionality and format innovation and not just increasing blend varieties if it is to enjoy sustained growth, according to Sri Lanka and Europe-based tea specialist English Tea Shop.
Confectionary giant Mondelez believes that inflation affecting cocoa and sugar, as well as ongoing political tensions in the Middle East are major challenges that it will need to overcome this year, despite having announced ‘record’ profits fror 2023.
Convenience chain 7-Eleven Singapore has included local dietary supplement brand Ocean Health’s products, including gummies and fast melt powder, into its offerings.
Japanese beer giant Asahi is hopeful that its recently-completed large-scale group restructuring strategy to establish individual regional headquarters will maximise its competitive advantages across its four major markets.
Kirin has reported strong revenue growth for its non-alcoholic beverage business, driven by demand for health functional drinks and especially those in small-volume PET bottles, the company said in its FY2023 financial results.
Beer giant Carlsberg Malaysia has renewed its commitment to investing into both its premium products strategy as well as e-commerce presence, despite seeing poorer year-on-year performances on both fronts in the last year.
China-based Evergreen Food has developed a huge portfolio of convenience-focused ready-to-use seafood products in a bid to expedite exports of local seafood dishes that would usually be too complicated to prepare without expertise.
Sri Lankan and UK beverage firm English Tea Shop has utilised its expertise in cold brew tea production for a gin botanicals range designed to make at-home cocktail preparation more convenient.