Industry Trends

June 2021

See what has been happening in Asia’s food and beverage industries over the last weeks. What are experts and industry magazines talking about?

What has been happening?

Raisins raise the functional bar, Plant-based meats and health, Fibre and stevia predicted to ‘shake up’ sugar reduction, and more. See what food and beverage journals and industry experts have been discussing in the last four weeks.

Latest Industry Articles

Raisins raise the functional bar as plant-based fat and sugar replacer in sweet baked goods
BakeryAndSnacks

The California Raisin Marketing Board has released a white paper that explores the functional benefits of using raisins as a fat and sugar replacer in sweet baked goods.

Plant-based meats and health: Pinduoduo and SIFBI team up to study impact on different ethnic groups in Singapore
FoodNavigator-Asia

China’s agriculture and grocery retail platform Pinduoduo and the Singapore Institute of Food and Biotechnology Innovation (SIFBI) have signed a research project agreement to study the impact of plant-based meats on human health in the Singapore population.

‘No added sugar’: Fibre and stevia predicted to ‘shake up’ sugar reduction
BeverageDaily

Fibre and next-generation stevia are expected to play key roles in sugar reduction as a growing number of manufacturers seek out ‘no added sugar’ claims, according to Mintel.

Rice flour shortage: Price hikes for baby food, desserts & soups, predicts Eurostar Commodities
Food Ingredients First

A global shortage of rice flour is likely to lead to price increases across a broad variety of everyday food staples. The severe shortage and soaring prices have been created by a “perfect storm” of factors in key supplier nations, namely the uprising in Myanmar and the COVID-19 crisis in India, as flagged by the UK-based ingredients supplier Eurostar Commodities.

Cargill plans to complete new sustainable palm oil refinery in Indonesia by 2022
Food Ingredients FIrst

Cargill is building a new US$200 million palm oil refinery in Lampung, Indonesia. The development plans tie into the company’s goal to scale its sustainable palm supply chain and provide verified deforestation-free products to customers. The new refinery will play a key role in connecting the global agribusiness’ traceable crude palm oil production in Indonesia to demands in North America and Europe, through a fully integrated supply chain “from plantation to customer.

Probiotics Market to Reach USD 94.48 Billion by 2027; Owing to Rising Awareness of Health Benefits of Product, Says Fortune Business Insights™
GlobeNewswire

The global probiotics market size is expected to reach USD 94.48 billion by 2027 while exhibiting a CAGR of 7.9% between 2020 and 2027. This information is published by Fortune Business Insights in its report, titled “Probiotics Market, 2020-2027”. The report further mentions that the market stood at USD 48.88 billion in 2019. The growing consumption of nutritional food among the health conscious section of the market is gaining popularity in recent years.

Vegetarian or pescatarian? You have more chances of avoiding severe COVID-19
Manila Bulletin

PESCATARIAN A diet that is mostly vegetarian, but includes fish and seafood Approximately 115 million cumulative cases of COVID-19 have been recorded globally. SARS-CoV-2, the virus causing COVID-19, has emerged into several variants, causing this seemingly never-ending pandemic to cripple nations despite the development of vaccines and observing health protocols.

ChickP expands in Asia-Pacific to grow plant-based chickpea protein business
Food IngredientsFIrst

Food-tech start-up ChickP Protein is expanding into Asia-Pacific with the launch of a new office in Singapore. The strategic move is in response to the rapidly growing demand for plant-based products in the region.
ChickP specializes in a patented and highly functional chickpea isolate that boasts a 90 percent protein content. The ingredient saw a significant demand spike in the region, which makes up more than 85 percent of chickpea consumption globally, only behind India.

Beneo drives Indonesia’s first prebiotic approval for inulin and oligofructose
Food IngredientsFIrst

Chicory root fibers inulin and oligofructose have been approved for a prebiotic claim for the first time in Indonesia by the country’s National Agency of Drug and Food Control (Badan Pengawas Obat dan Makanan). Beneo says the approval is made possible by its continuous research and communication efforts with local authorities.

Post-pandemic look: Hygiene standards, at-home experiences and vegan trend will form the future of China and India’s F&B industry

FoodNavigator-Asia

Hygiene standards, at-home experiences and the vegan and healthy trend are expected to form the post-pandemic future of the food and beverage industry in two of the world’s largest economies, China and India.

Monde Nissin bets Americans will dig Quorn’s alternative chicken

BusinessWorld

Monde Nissin Corp. will use some of its $1 billion initial public offering proceeds to expand its Quorn Foods Ltd. fake meat business in the U.S., the world’s biggest market by far for plant-based alternative food. The Philippines-based company, which also sells staple foods and is the owner of Lucky Me! instant noodles, will use Quorn’s substitute chicken product to take on heavyweights like Beyond Meat Inc. and Impossible Foods Inc.

Unilever-Enough partnership to expand plant-based meat innovation with Abunda mycoprotein

Food Ingredients FIrst

Unilever is partnering with food-tech company Enough (formerly 3F BIO) to bolster its plant-based strategy by tapping into technology that uses a zero-waste fermentation process to grow a high-quality protein. nNatural fungi are fed with renewable feedstock, such as wheat and corn, to produce Abunda mycoprotein, a complete food ingredient containing all essential amino acids and high in dietary fiber.

Nestlé Malaysia distributes nourishing meals to front liners at IDCC

NST Online

Nestlé Malaysia Bhd has extended its assistance with the distribution of nourishing meals for the front liners on duty at the Vaccination Administration Centre for AstraZeneca at the Ideal Convention Centre (IDCC), Shah Alam.

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