Singapore-based REVIT is eyeing a bigger market share in the anti-hangover category with its gummy product, on the back of sales numbers that have been tripling month-on-month since its launch in January this year.
Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) has set up a new firm called Sawani Company to catalyse the growth of the local camel dairy sector, as part of its efforts to transform the country’s economy.
Functional beverage specialist firm +PW has set its sights on the ‘huge’ China market for its collagen-enriched RTD drinks, planning to bank on its convenient consumption format and unique flavour formulation to overcome market challenges.
The a2 Milk Company (a2MC) said its infant milk formula business in China grew 8.4 per cent for the financial year ending on June 2023 and that it would focus on growing its cross-border e-commerce (CBEC) and lower tier cities presence.
Middle East food and beverage heavyweight Agthia is looking to expand further in major date-consuming markets worldwide after a profitable first half of the year, with plans to boost production and processing capabilities already in motion.
Japan brewery major Asahi believes that upcoming local regulatory changes and global-scale events will serve as major catalysts to accelerate the growth of the beer category this year.
Grape King Bio will focus on its healthy ageing and women’s health nutrition portfolios in China, which it believes are two sectors poised for growth in the country.
South Korean firm PlantEat believes that innovation must result in minimal sensory changes and products should remain as familiar as possible in order to boost consumer transitions to healthier diets.
Singapore start-up Hegg has launched its eggless Japanese mayonnaise in the domestic market and is looking to capitalise on growth opportunities across Asia with ‘localised flavours.’
Singapore-based Curated Culture has big plans to enter the ‘sports and wellness’ space in the APAC region with its probiotic tea products, which the firm has stressed is ‘not kombucha’.
New Zealand’s Alps 2 Ocean Foods is launching a protein-rich and nutrient-fortified beef bar made from male calves that are otherwise killed shortly after birth or made into lower-value ground beef – a move that the firm believes is more sustainable for...
Plant-based, better-for-you alternatives, and functional snacks dominate the latest accelerator cohort in Australia led by a Woolworths-backed accelerator.
Energy drink giant EastRoc Beverages has set its sights on South East Asia as a key export destination after having established itself as one of the largest brands in China, planning to retain its original best-selling recipe for its initial entry.
Hindustan Unilever Limited (HUL) has highlighted it will be proceeding cautiously in managing its food business for the rest of the year despite positive results in Q2FY2023, citing continued volatile climate changes and inflationary pressures.
Thailand-based snacks firm Food Onwards believes it has a strong shot at revitalising the fish skin snack category via a localised take on its product manufacturing process and flavour selection.
Thailand’s Eatvolution has developed a chickpea rice alternative that is richer in nutrients and lower in carbohydrates as it seeks to entice increasingly health-conscious consumers as well as diabetic patients.
Hamada Syuzou recently launched its craft gin that introduces local botanicals to its traditional alcoholic beverage range, and says that high-quality ingredients alongside its product versatility can drive greater global appreciation for Japanese-made...
After more than a year of development and 13 versions of the prototype, Singapore’s Moom Health has completed the formulation of a new supplement that is specifically targeted at relieving premenstrual symptoms (PMS) and painful period cramps.
Thailand’s Boonprasert Confectionery is evolving its innovation strategy to focus on the development of novel formats and functional offerings to meet changing consumer needs in and out of its home market.
Chinese food and beverage heavyweight Jinmailang has highlighted five key factors that it believes should lay the foundation for innovation food firms’ innovations strategies to ensure that new products are practical, realistic and sustainable.
Tetra Pak believes that food and beverage brands today need to meet consumers’ increasing emotional needs in terms of feeling ‘empowered’ when making purchasing choices, such as offering them innovative product options that are healthier or more sustainable.
The APAC plant-based dairy industry believes that controversy surrounding the use of dairy terms for plant-based product labelling is unlikely to happen in this region despite contention in other markets, citing differences in local consumption drivers...
NZ-based Off-Piste Provisions has outlined how consumer demands for healthy convenience food and a ‘chewing experience’ are key drivers guiding its product development strategy amidst plans for Australia and United States expansion.
Danone has reported ‘solid growth’ in its infant formula brand Aptamil in China for the first six months of 2023, while functional drink brand Mizone has recovered from underperformance after product revamps.
Healthier snacking brand Hey! Chips is looking to overcome the dominance of ultra-processed snacks in the market by innovating with whole ingredients to make scalable clean label products.
Nestle Malaysia says extensive format and flavour innovations in its product development have helped d drive healthy Q2FY2023 business growth, giving the firm renewed confidence in its ability to secure a profitable rest of the year.
Australian supplements brand Henry Blooms has launched its vitamin spray range in the US, citing that high consumer knowledge and acceptance enabled ease of entry into the market.
Ukraine’s Nemiroff Vodka is banking on its premium vodka offerings made via a combination of multiple filtration stages and high-quality wheat to expand its progress into major targets in the Asia Pacific region.
New Zealand mead brand Lone Bee is hoping to strengthen its exports to South East Asia by entering a major supermarket, and is on the lookout for regional partners for potential new flavour collaborations.
Lebanese chocolatier Patchi has entered the Singaporean market via local partner FJ Benjamin, and the brand has revealed strict supply chain and storage management as crucial to maintaining the premium quality of its chocolates.
Thai fish sauce firm Squid Brand says innovation within the category is its priority to keep up with evolving trends, rather than diversifying into other product segments.
Middle Eastern snacks firm Hunter Foods believes its Dubai-centric operations gives it a prime advantage in growing its premium snacks business due to the rich demographic mix and propensity for luxury in the city, eyeing to grow revenue threefold in...
Singapore-based OnlyEg has rapidly grown its presence in various markets across the Asia Pacific and Middle East regions with a focus on the taste and texture of its ‘no sacrifice’ plant-based eggs, available in a multitude of ready-to-eat (RTE) formats.
Experts have highlighted the need to balance functionality and taste to move healthy beverages into the mainstream in APAC, with some consensus that personalised nutrition, gut health, and mental wellness are set to become emerging growth areas.
Thai homegrown bakery specialist Fershay has grown its packaged product portfolio to encompass a variety of sweet flavours with an emphasis on its signature soft fluffy texture.
Malaysian brand Amazin’ Graze’s says the addition of probiotics into its protein powder line-up has provided a more ‘complete nutritional profile’ as consumers look for a wider range of health benefits.
Indonesian specialty coffee brand JJ Royal Coffee is looking to balance the authenticity of Indonesian coffee with localization trends to make its specialty products more accessible, as it eyes expansion in China, Japan, and South Korea.
Halal sauce brand Mahsuri believes it will soon have the ‘first ever automated soy sauce making system,’ in Malaysia, as it plans to accelerate R&D to tap on consumer trends around convenience, health, and plant-based alternatives.
Delhi-headquartered brewery Bira 91 has detailed how consumer demands for ‘healthier and more experimental’ products are guiding its innovation strategy, while also revealing its plans for a ‘premium’ Indian beer.
Korean cultivated meat player Seawith says that collaboration needs to be balanced with competition to deliver a ‘great product’ for the market, as it outlines its partnership strategy on both B2B and B2C fronts.
Gin specialist Crafter’s has created a unique edible ‘gin spray’ to circumvent the challenges arising from consumer reluctance to participate in product sampling after the COVID-19 pandemic.
Premium chocolatier brand Guylian has moved to streamline its portfolio to ‘improve focus’, while simultaneously expanding its dark chocolate offerings.
Liqueur heavyweight Jagermeister is looking to broaden its market appeal to consumers beyond the college age group that it is conventionally associated with two new products.
Fonterra says the microbiome is increasingly taking the centre stage when it comes to human health, with its new nutrition science venture arm identifying China and US as key investment targets for personalised solutions.
Singapore organic juice brand WOLF + WALD says ‘affordable premiumisation’ is key to driving sales as it innovates with flavours ‘almost unheard of’ in the region.
Long-established sauces brand Lee Kum Kee says it is keeping up with the times through flavour localisation, and staying attuned to global trends by introducing heathier options and convenience sauces.