ASIA FOOD & BEVERAGES

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Recent presentation by Jennifer Stojkovic, Founder of Women Vegan Summit as well as author of a book and general partner of an early stage venture capital fund, showed that VC deal activity in the foodtech sector seems to have slowed down in 2022 as compared to the preceding years. (see Chart 1.0)

Cambodia, Laos and Myanmar are probably the last bastion in Southeast Asia where highly processed food products have not made their strong presence due to its small urban population, low disposable incomes and poor logistics and distribution channels.

In 2017, the durian fruit market was valued at US$16.53 billion with major producers being Thailand and Malaysia, according to latest report by Technavio. By region, Asia Pacific commands the largest market share at 81% or US$13.42 billion. The durian market is expected to grow at a CAGR of 8.12% from 2023 to 2027, ...

Rising demand for imported quality confectionery products have led to growing investments from foreign players.

One such player is Korea’s Lotte Confectionary which had opened its 2nd factory in Binh Duong in February at an investment of US$21 million to produce choco pies under the Chocolat brand. Lotte will also be upgrading its 1st ...

The Philippines, once known for having one of the highest fertility rate in Asia, is now witnessing a major demographic change. Filipinos are having fewer children due to inflation and other economic challenges.

GlobalData confirmed that the country's baby food market is expected to decline by 4.5% to only Pesos 42 billion (US$772 million) ...

Pet Food demand in the Philippines is expected to grow by 9% in 2023 in line with growing pet ownership, according to latest report by USDA.

USDA valued the Philippine pet food market at US$434 million in 2023. The dry dog food market was expected to grow by 9% while the wet cat food ...

Coffee consumption has been rising exponentially in China over the past few years, and industry players have projected that the growth will continue for many years with the entry of new players, while existing players plan further expansion into 2nd and 3rd tier cities.

Daxue Consulting reported that Chinese coffee consumption grew at a ...

Nine in 10 consumers view health holistically and believe it is important to adopt a well-balanced diet1, but have different approaches to healthy eating. Brands looking to appeal to health-conscious consumers can draw on new segmentation data from Fonterra’s wellbeing nutrition brand, Nutiani, to offer more personalised solutions.

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