Malaysian palm oil is likely to gain an edge in terms of exports to the United Kingdom thanks to the latter obtaining membership into the CPTPP and new acknowledgement of the South East Asian nationâs sustainability standards.
Thailand is the latest market in South East Asia to implement new nutritional labelling policies for the food industry, with the authorities also issuing more stringent ‘science-based’ guidelines for on-pack health claims.
Plant-based dairy brands in India are continuing to steer away from using conventional dairy terms on their product labels until regulators issue greater clarity on what is permitted.
The South Korean government is looking to mandate label-free packaging for drinking water bottles, replacing this with a digital QR code system over the next two years.
Hindustan Unilever India (HUL) has highlighted a continued focus on its premium strategy in order to sustain continued growth in the country, citing products such as Horlicks Plus as a major example.
The Islamic Religious Council of Singapore (MUIS) has highlighted that cultivated meat still needs to meet a ‘more rigorous’ set of requirements to be halal-certified, even though it has been deemed potentially permissible for halal consumption.
Confectionary giant Mondelez believes that inflation affecting cocoa and sugar, as well as ongoing political tensions in the Middle East are major challenges that it will need to overcome this year, despite having announced ‘record’ profits for 2023.
Emerging technologies such as 3D food printing (3DFP) are unlocking opportunities to develop nutrient-rich and personalised plant-based substitutes for traditional meat, say researchers.
Japanese beer giant Asahi is hopeful that its recently-completed large-scale group restructuring strategy to establish individual regional headquarters will maximise its competitive advantages across its four major markets.
Food industry experts in Thailand remain optimistic over the potential of plant-based meat in the country despite slower-than-expected uptake, citing hybrid innovation as one of the growth opportunities.