Prima Agri-Products, one of Malaysia's largest manufacturers of
Halal meat products, has joined up with Australian heavyweight food
maker, Comgroup, to help it tap growing demand for its products in
new markets.
Asia Pacific Breweries is making headway in its aim to become the
region's leading brewer, with its first acquisition in the world's
second most populous nation, India.
Philippines-based Universal Robina will spend P5.6 billion (€87m)
this year to expand its branded foods range and increase its
presence in other Asian markets, URC president Lance Gokongwei told
reporters last week.
Uni-President, Taiwan's biggest food group, is looking for private
equity to allow it to expand further in the Chinese beverage
sector, according to a report.
South Korean brewer Hite announced Friday it work with Jinro, the
country's leading distiller, to create the leading bottled water
brand on the national market.
PepsiCo has announced it will invest another $850m in China over
the next three years in recognition of the country as a rapidly
emerging market for soft drinks and snack foods.
The proportion of value-added food and beverage products exported
from New Zealand has continued to rise steadily against commodity
products, with the value-added sector enjoying growth of nearly 10
per cent in the past five years.
Consumption of vitamins and minerals in China is growing, thanks to
immense economic growth and the emergence of a new consumer
culture. There may be opportunities for foreign companies to export
to the country to make up for a shortfall...
Heineken last week announced its decision to acquire a 40 per cent
stake in the Chinese brewery Jiangsu DaFuHao, after intimating in
its February results that it would continue to look for investment
opportunities.
China is becoming an increasingly potent force in the worlds food
market, with sales continuing to grow each year in line with
substantial gains in consumer spending power, writes Chris
Jones.
The world's biggest food retail groups are continuing to strengthen
their positions in the massive Chinese market, buoyed by a recent
relaxation of the regulations requiring them to use local partners.
Carrefour and Wal-Mart...
Europe and the US continue to dominate demand in the €4.5 billion
flavours market, but Asia Pacific region is quickly catching up
thanks to high single-digit growth, reveal figures from a new
report.
With the market for canned food doubling in size in the course of
the last eight years, further growth is expected in line with the
rapidly expanding China economy in the coming years.
Latest research from market analyst Mintel shows that the Asia
Pacific rim is bursting with food and nutraceutical innovations
such as banana-flavoured mayonnaise and green tea cereal.
China's food industry grew by 26.2 per cent in the first six months
of this year. And despite rising power and ingredients prices, The
China National Food Industry Association says that continued
economic strength, backed by...
In Asia rising meat consumption is being fed by an increasing
number of highly refined and processed product launches. A look at
the Mintel's databases reveals that pâte, meat balls, cheese-filled
hotdogs are all on the menu.
Although Asian consumers have traditionally sought out their
vegetables in 'wet' markets, a lack of time and increasing income
levels is leading to a boom in the packaged vegetables sector, as
the latest releases from Mintel...
Thailand's tropical climate is said to have fuelled the country's
thirst for soft drinks, with consumption growing steadily in recent
years. The latest report from Canadean points to the fact that rapid
consumption of bottled...
The Philippines-based San Miguel Corporation has broken ground on a
non-alcoholic beverage facility in South Vietnam. The move comes as
part of the company's plans to increase its operations outside the
domestic market - aims...
The latest Euromonitor report on the global soft drinks market
suggests that it is Asia that is the driving force behind market
growth. With this in mind we take a look at the latest soft drinks
launches in the region from the Mintel...
Carlsberg
and the Danish Industrialization Fund for Developing Countries
(IFU) have drawn up an agreement with Lanzhou Huanghe Enterprise
Group to acquire 50 per cent of the LanzhouHuanghe Brewery's
operations in the Gansu...
Two of Europe's major retail chains, Carrefour and Metro, have
announced plans to expand their operations in China, while a third,
Tesco, is still on the hunt for a partner to enable it to enter the
country's market.
