Industry Trends

September 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?

Functional Foods and Beverages Market, Natural sweetener extract, World Macadamia Organisation, and more. Find out what journals and industry experts have been discussing in the last four weeks.

Latest Industry Articles

Functional Foods and Beverages Market to Reach $529.66 Billion by 2028; Rising Demand for Nutrition-Rich Food Items to Favor Market Growth
GlobeNewswire

The worldwide functional foods and beverages market size is projected to reach USD 529.66 billion by 2028, exhibiting a CAGR of 9.50% during the forecast period. Increasing malnutrition worldwide will be the primary growth driver for this market in the near future.

Natural sweetener extract gets ‘no questions’ green light from FDA
BakeryAndSnacks

The US Food and Drug Administration (FDA) has confirmed the GRAS (generally recognised as safe) status for Nascent Health Sciences’ SoPure Stevia with a No Objection Letter.

World Macadamia Organisation flags alt-dairy as key category for booming “luxury” nut

Food IngredientsFIrst

The World Macadamia Organisation (WMO) has officially launched in Singapore to drive greater consumer demand for macadamia nuts. The independent, not-for-profit will work to retain macadamias’ premium positioning worldwide as supply proliferates. In particular, WMO sees vast opportunities for macadamias in the dairy alternative category due to the whole food’s natural buttery taste and indulgent texture.

Burger King is banning 120 artificial ingredients from menus
Business Insider

Burger King just announced that it has banned 120 artificial ingredients from its menus, including high-fructose corn syrup and several food dyes.

Post-COVID-19 export challenges: Freight and marketing the biggest hurdles for food firms exporting into ASEAN
FoodNavigator-Asia

Freight costs and marketing challenges have emerged as two of the most major trade hurdles for food firms exporting to the ASEAN market as a result of the COVID-19 pandemic, with businesses advised to be extra cautious when selecting on-the-ground distribution partners as well.

Ingredion and S&W Seed company enter supply agreement for US stevia production
Food IngredientsFIrst

Ingredion and S&W Seed Company have entered into an exclusive US stevia pilot production supply agreement. Under the terms of the deal, S&W will leverage its proprietary stevia plant portfolio and production techniques to supply Ingredion shoand its PureCircle by Ingredion stevia subsidiary.

Arla reveals new concept for creamy, nutty protein bars
BakeryAndSnacks

Arla Foods Ingredients has launched a new concept to help manufacturers create protein bars that tap into the demand for creamy nut butter fillings without compromising on texture, taste or functionality.

Cargill taps into Asia’s cocoa growth potential with Aalst acquisition
Food IngredientsFIrst

Cargill is set to acquire Aalst, a Singapore-based chocolate manufacturer, in an investment that expands the company’s Asia-Pacific cocoa and chocolate offerings and capitalizes on APEC’s tremendous growth potential. The financial terms of the acquisition have not been disclosed.

Grounds for optimism: Singapore researchers create alcoholic drinks with coffee by-products

FoodNavigator-Asia

Researchers at the National University of Singapore have found a way to transform spent coffee grounds into alcoholic beverages rich in bioactive phytochemicals and amino acids.

From noodles to alt protein: Tolaram signals new Asia approach after decades of African domination

FoodNavigator-Asia

Singapore-based multinational conglomerate Tolaram has revealed plans to diversify its focus and enter the Asian food market starting with the alternative protein sector, after several decades of dominating the African noodle industry.

TurtleTree partners with Solar Biotech to scale up cell-based milk manufacturing in US

Food IngredientsFIrst

Singapore- and US-based TurtleTree Labs is teaming up with Solar Biotech in the US to rapidly scale the production of cell-based milk. The move marks an important step into the manufacturing viability of cell-based milk as a practical alternative food source.

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