Nestlé has solidified its hold in China’s growing and lucrative infant formula market in its takeover of Pfizer Nutrition that has secured competitor brands SMA and Promil, according to analysts.
Global stevia extract supplier, Sunwin International Neutraceuticals, has changed its name to accurately reflect its core business and thus capitalize on market opportunities, the company said.
Nestlé’s $11.85bn (€9.02bn) acquisition of Pfizer Nutrition may run into anti-trust hurdles after it beat Danone to the drug giant’s global infant nutrition business, according to an analyst.
Chr Hansen recorded an 11% surge in sales across Asia Pacific in its H1 results, with natural colours proving strong for business; underpinned by a cultural dietary heritage favouring healthy food choice, according to CEO of the company.
Singaporeans are increasingly wealthy, demanding high-quality foods, consuming more wines and looking to buy protein, offering New Zealand a host of possibilities, the Prime Minister said.
Fonterra will invest in a blending and packing facility in Indonesia to bolster its local presence and ensure swift response to market demands across the country’s dairy nutrition sector.
Beverage and ice cream manufacturers are investing in power alternatives at Japanese facilities, as the tentative electricity network will not see a major uptick this summer.
Aiming to garner a higher share of the Indian ready-to-eat (RTE), frozen foods markets, McCain Foods is further strengthening its product range to cater to Indian tastes and sensibilities.
Fenchem has launched its hydrolyzed fish collagen in the Southeast Asian market, to target the growing demand for health drinks and supplements in the region.
The pesticide food safety issue that has tainted India’s sugar market for more than a decade has been cleared in the wake of a study suggesting India-produced sugar is pesticide free.
Givaudan’s sturdy presence in China and Japan has helped secure strong Q1 results for its flavour division; with a 9.4% sales increase in Asia Pacific markets.
International spirit brands looking to gain traction in the Indian market need to establish a strong local hold and portfolio, perhaps through a partnership, before introducing premium products to market, according to Rabobank.
With India and China firmly in mind, Cargill has launched ‘Cargill Specialty Asia’ to serve its portfolio of specialty food ingredients and application capabilities, including texturisers and health and nutrition ingredients.
Food technologist, TIC Gums, has launched a candy coating technology in China in the wake of a stark surge in the consumption of sweets across the country, fuelled by rising incomes and increasingly Westernised palates.
Australia’s food and grocery sector desperately needs greater regulation in the retail sector and more transparency around foreign direct investment, Australian industry executives said in a new survey.
Nutrient specialist, Fortitech, has opened a sales and support office in Shanghai in response to a surging market for fortified food and beverages spurred by a newly health-focused consumer group in China.
Jif peanut butter and Folgers coffee maker JM Smucker has taken an “exciting first step” in its bid to develop a meaningful presence in China with the acquisition of a $35m stake in oat products maker Seamild.
Lipid ingredients manufacturer, Enzymotec, has opened a commercial operations office in Shanghai to support its growing infant nutrition and bioactive ingredients business in the Chinese market.
Nestlé will invest S$5.5m in its Singapore R&D centre to expand activities in development of products such as coffee mixes and malted beverages for both the Asian and global markets.
Coca-Cola has been driving growth across Japan in 2011 with NPDs and expanded distribution channels; its latest tea product is set to carve an entirely new product category in the local market, the company said.
Stark price increases defined China’s largest pork processor, Zhongpin’s strong 2011 results but domestic demands are set to support the company’s 2012 expansion plans, according to the CEO.
UK-based ABF Ingredients is manufacturing yeast extracts in China and targeting the enzyme market, as it has superior growth rates in these two specialities, according to the CEO of the company.
China’s beef market, in its primary development stage, has great potential however reform is needed as it lags behind developed markets, according to Frost & Sullivan.
NSF International’s dietary and food ingredients testing facility in Shanghai has achieved accreditation from the China National Accreditation Service (CNAS), a move that will drive standards among Chinese suppliers, according to an industry expert.
Royal Friesland Campina is poised to complete the takeover of Filipino firm Alaska Milk Corporation (AMC) for total sum of around €350m, in a move it said gave it access to 100m consumers in a ‘high growth’ market and the opportunity to 'valorise...
Following a US$32m investment in Singapore, Japanese flavour giant Takasago International has turned its attention to India and has invested a further US$10m to build a flavour and fragrance manufacturing and R&D facility in the South of the country.
Malaysian bakery and confectionery firm Silver Bird Group Berhad has announced the suspension of three top officials as it defaults on loan repayments.
Amid a stream of supplier bullying accusations, Australian supermarket giant Woolworths has launched a new hotline where its clients can voice concerns and complaints.
Gelatine ingredients manufacturer, Rousselot, has set up a sales and distribution joint venture with a local Japanese company Jellice in a bid to strengthen its presence in the country.
Asian agribusiness, Wilmar International, has secured a 10.1% shareholder stake in Australian food giant Goodman Fielder, and will consider further investment.
Indian natural ingredients company, OmniActive Health Technologies is focused on the entire production chain for its lutein ingredient production in the country.
The Australian Food and Grocery Council has expanded its services to cater for small-to-medium (SME) enterprises in the country’s A$108 billion food and grocery manufacturing sector.
Consumer concerns are proving increasingly powerful in influencing food and beverage formulation decisions, and Australian supermarket Coles is the latest to react and remove all added MSG and artificial colourings from its own brands.
Digital marketing innovation and a strong, direct relationship with consumers is key to successful brand building and sales force in India, according to PepsiCo.
The previously robust seafood trade corridor between Japan and South Korea took a huge beating because of nuclear contamination fears in the wake of the Fukushima incident last year.
An innovation centre in Japan will ensure the necessary R&D needed to allow bakery specialists Puratos to tap into the local market, the Belgian multinational has said.
The Australian food giant Goodman Fielder faced another quarter of declining profits and revenues even as the company prepares to sell assets in both Australia and New Zealand.
Global consultancy firm Intertek Cantox International has expanded its food regulatory services in Asia with a new office in Beijing dedicated to assisting food ingredient manufacturers conform to regulatory requirements and enter the Chinese marketplace.
Chinese ingredients supplier Fenchem has joined the global omega-3 association GOED after including fish oil ingredients in its product portfolio just a year ago.
India-based botanical extract specialists, Olive Lifesciences, has invested US$434,000 in a new research and development facility near Bangalore to drive new product development (NPD) and product assessment for the nutraceutical and food markets.
A new manufacturing facility in Shanghai will enable flavour manufacturer Frutarom to tap into the vast opportunities in the savoury application sector in China and Southeast Asia.
Thai sugar company, Mitr Phol, has secured a majority stake of 57.69% in Australian sugar mill MSF for A$300m, racking up the total foreign investment in Australia’s sugar production to over 60%.
Synthite Industries, the India-based oleoresin extraction firm, has said that it would use its recently announced acquisition in China to clear a path to the Southeast Asian market.
