New Zealand’s food and beverage industry must shift to producing end products in a bid to drive its export market, but this transition will require hefty foreign capital, a Ministry report said.
A US$15m strategic investment from Indonesian agribusiness group, Salim, will increase research and production capabilities and open new market doors for US algae technology firm Heliae.
The Indian packaged food industry is expected to touch US$30bn by the year 2015 on the back of growing awareness, busier lifestyles, and a booming economic environment.
China’s food and beverage market is undergoing consolidation – much of which is being achieved through rampant acquisitions across new market sectors and countries, according to an analyst.
Shanxi-based Deyu Agriculture has developed a new line of MSG-free, easy-cook noodles that will enable it to delve into an unknown yet lucrative fast moving consumer goods (FMCG) sector in China.
Probiotic supplier BioGaia has secured an exclusive distribution agreement for its ProTectis infant tablet and drop line in Taiwan as it ‘fills the gaps’ in its market presence across Asia.
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.
Developing non-MSG, better-for-you instant noodles will surge market value in China’s commoditised market sector, according to Mintel research director.
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.
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.
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.
New regulations will make India’s health supplements market far more attractive for foreign investors, the International Alliance of Dietary/Food Supplements (IADSA) has said.
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.
An IGD report has confirmed China as the world's biggest food and grocery market; bigger than America and forecast to hit US$1.46 trillion by 2015. Multinational interest in the market is ramping up, but do they really understand this gigantic but...
China’s food and grocery market has outgrown the US market and is now the biggest in the world and forecast to hit US$1.46 trillion by 2015, according to a report.
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.
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.
Going online in China is a cost-effective, viable alternative for food and beverage brands entering the country amid sky-high entry costs and structural inefficiencies in traditional retailers, according to a new report.
Following the lead of others countries, including China, which are looking towards Africa for their food demands, India has given a green light to set up a food processing cluster in the region.
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.
Australia can become the food-supply powerhouse to Asia, but increased investments and reform across agriculture, water infrastructure and the country’s food and grocery sector are essential.
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.
India will develop its freshwater fish industry in a collaborative agreement with two international bodies; good news to a sector often overshadowed by its seaward cousin, say authorities.
Malaysia and Indonesia are renowned as strong production players in the certified sustainable palm oil (CSPO) market but Thailand is emerging as the new frontier in Asia Pacific, according to the secretary general of RSPO.
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.
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...
Rapid development underpinned by large population bases in China, India, Indonesia and Korea is driving fast growth of soy foods in Asia Pacific, with an overall surge pegged at CAGR 6.4% for the region, according to a report.
Sales of probiotic drinking yoghurts like Yakult and Danone Actimel are flatlining or dropping in most western European markets, and even in Japan where the concept was born, but BRIC markets are surging, and spoonables are shining brighter.
Tetra Pak say a new production line at one its plants in China will boost output to 20bn liquid dairy cartons annually to ‘keep up with market demand’.
Asia Pacific will see a 9% CAGR in its emulsifier market until 2017, fuelled by China, driven by a sustained demand for natural emulsifiers and low-fat foods in a burgeoning processed foods segment, according to a report.
Asian agribusiness, Wilmar International, has secured a 10.1% shareholder stake in Australian food giant Goodman Fielder, and will consider further investment.
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.
Digital marketing innovation and a strong, direct relationship with consumers is key to successful brand building and sales force in India, according to PepsiCo.
Two US companies have joined the board of the US-China Health Products Association (USCHPA) pushing its total membership up to 13, adding industry knowledge and voice to the voting sector of the association.
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.
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.
PepsiCo’s push into the healthy foods market in India is truly on its way with the company launching ‘healthier’ variants of some of its most popular food products.
China’s vast yet underdeveloped dietary supplements market needs a full regulatory reform to realise true growth through a transparent and open marketplace, according to an industry expert.
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.
An undisclosed investment from Asia’s largest agribusiness Wilmar International will enable US flavour giant Blue Pacific Flavors to focus on expanding its research capacities.
China-based Shanghai Pengxin Group has been granted an extension until February 7 to finalise the purchase of New Zealand Crafar Dairy farms, KordaMentha, the farms’ receivers announced today.
New Zealand’s natural products industry has exceeded revenues of NZ$1billion (US$823.2m) which highlights the significance of this sector and its growth potential, especially in exports, according to an industry expert.
