New Zealand dairy co-operative Fonterra has seen strong growth in South East Asia but also a significant decline in China, resulting in a decrease in profits for the first quarter of its FY2025.
Hindustan Unilever India (HUL) is hedging its bets on small retail packs and Korean Hallyu wave inspiration for its food business amid subdued FMCG demand in the country.
South Korean food and beverage giant Lotte Welfood is targeting growth in India and high-value product innovation domestically to improve profitability.
Brands operating in the Asia Pacific (APAC) and European Union (EU) regions should aim to emphasise the reusability of their recyclable packaging in order to ensure they meet sustainability and regulatory requirements.
The Singapore Food Agency (SFA) has introduced new pre-packaged food regulations, with a focus on gluten and improving the clarity of ingredient labelling.
Nestle Malaysia has voiced confidence for a positive 2025 despite seeing large declines in its FY2024 profits, with plans to emphasise its position as a halal manufacturing hub and export capabilities.
South Korean food major SPC Group’s recently completed manufacturing plant in Malaysia will help drive its growth in South East Asia and the Middle East.
Changes to labelling rules in India will provide clarity in compliance planning for food businesses and improve trust among consumers, said industry experts in the country.
The Food Safety and Standards Authority of India (FSSAI) has proposed mandating a logo on milk products, while calling for more prominent salt, sugar and fat labelling.
Qatari dairy giant Baladna is looking to increase its focus on its high-protein products and extend collaboration with the Algerian government, after a previous joint venture in Malaysia came to an end.
