In 2016, the Asia-Pacific (APAC) region's food and beverage industry achieved an estimated turnover of $3.23 trillion, and was backed by a consistent year-on-year growth rate of 11 per cent, presenting a wealth of opportunities. With rising incomes and growing awareness of healthy eating among a burgeoning middle and upper class, the food companies see a clear opportunities for them in the region.
The APAC food market is constantly evolving with new trends influencing consumer eating habits creating many different issues for manufacturers aiming to capitalize on the food market. It is becoming far more diverse and fragmented than in previous years due to globalization, migration and food experimentation.
Milk and dairy products are globally considered essential to the daily diet due to vital nutrients, vitamins and amino acids. Yet, the majority of the world’s population, particularly in developing countries, are intolerant to milk sugar lactose. The need of a dairy alternative is more in such regions.
“Dairy alternatives are milk like texture products, which are lactose free and are used as a replacement of dairy based products. These alternatives are majorly adopted by various cereals such as oats, wheat, rice, barley and nuts. Plant-based dairy alternatives that are widely available in supermarkets include various milk options such as soy, almond, coconut, rice, hemp and flax, in addition to dairy-free yogurts, frozen desserts, spreads, and cheeses. Better health related benefits, including high energy levels as compared to normal dairy products, are expected to be the key factors, owing to which, people are shifting from regular products or beverages to its alternatives”, observes Dr Sripriya Venkiteswaran, Nutrition Advisor, MonkeyBox Food Tech Pvt Ltd.
The Asia-Pacific dairy alternative market is expected to grow tremendously due to the enhanced demand over the years. The largest market of dairy alternative and maximum growth of Asia-Pacific will contribute a major share in the overall growth of dairy alternatives industry in 2018-2023.
Diese Geschichte stammt aus der February 2018-Ausgabe von Nuffoods Spectrum.
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Diese Geschichte stammt aus der February 2018-Ausgabe von Nuffoods Spectrum.
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Healthy Products Set To Become Popular
Health and wellness is set to continue to record strong value growth in the coming years due to rising consumer health awareness and disposable incomes. Naturally healthy products are also set to become increasingly popular, given the perception that they are healthier and less expensive than fortified/functional and Better For You alternatives.
New Guidelines Set For Lucrative Market For Imported Food
The imported food sector in India is growing strongly, albeit from a very small base, on the back of rising incomes, changing lifestyles and retail expansion. Changing lifestyles and the boom in organised retailing have resulted in growing demand for imported food and drink in India.
Old wine in a new bottle
Functional foods are also foods that have components or ingredients added to give it a specific medical or physiological benefit in addition to a purely nutritional effect.
Budget
What does the food processing sector expect from Union Budget 2017-18?
Platform for regulators, F&B to tighten screws in food biz
Food scandals have been making headlines in India in the recent past. Launched and conceptualised by Inventicon Business Intelligence Pvt Ltd., the Third Annual Food Quality & Safety Congress India (FQS) is one of the prominent conferences that brings regulators, F&B manufacturers with analytical services and testing companies together to discuss best practices in aligning food quality and safety systems with FSSAI’s changes and instrumentation standards.
Industry Looks For Active Regulatory Control
The growth in nutraceuticals is seen largely driven by the consumer’s lifestyle that is impacted by faster pace of life, thereby taking a toll on health and wellness.
Drink technology India focus on Industry 4.0 concept
The drink technology India conference on packaging design, innovation and technology, organised by IPPStra and Messe Dusseldorf, addressed the packaging development cycle and workflow across the supply chain, with focus on the Industry 4.0 concept.
Skill Development Challenges Facing Food Analysis
Food analyst should have acumen to decide product category as stated in regulations, applicable test methods and specifications to be followed.
Rural FMCG Market Offers Better Growth Opportunities
Rural FMCG Market Offers Better Growth Opportunities
Securing Food Safety In The Nutra-Chain
Securing Food Safety In The Nutra-Chain
